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British Expats (https://britishexpats.com/forum/)
-   The Sand Pit (https://britishexpats.com/forum/sand-pit-116/)
-   -   1.26 and falling (https://britishexpats.com/forum/sand-pit-116/1-26-falling-884275/)

TheShed Oct 11th 2016 7:23 pm
Re: 1.26 and falling
 
After a bit of an overnight rally in Asia, its beginning to slide again.

I predict 1.1950 to 1.20 by COB Friday - anyone else care to speculate a number (just for fun).

Millhouse Oct 11th 2016 7:24 pm
Re: 1.26 and falling
 
I think we will see some stability. 1.24 when we realize it's all a bit oversold.

scrubbedexpat141 Oct 11th 2016 7:31 pm
Re: 1.26 and falling
 
I think a 'correction' back from the Asian dip the other day.

I think then stability but no real progress.

1.24 - 1.25 for the foreseeable.

Inselaffen Oct 11th 2016 7:31 pm
Re: 1.26 and falling
 
Originally Posted by TheShed (Post 12074392)
After a bit of an overnight rally in Asia, its beginning to slide again.

I predict 1.1950 to 1.20 by COB Friday - anyone else care to speculate a number (just for fun).
back to 1.24 by COB Friday

Inselaffen Oct 11th 2016 7:36 pm
Re: 1.26 and falling
 
was interesting watching the news last night and seeing how the reporting is still so anti-brexit. They were saying that you can't take into account how well the FTSE 100 is doing because those companies earn most of their money overseas. Failed to mention how the FTSE 250 is also at record levels as that would not suit their argument quite so well.

lightandbitter2 Oct 11th 2016 7:39 pm
Re: 1.26 and falling
 
Originally Posted by TheShed (Post 12074392)
After a bit of an overnight rally in Asia, its beginning to slide again.

I predict 1.1950 to 1.20 by COB Friday - anyone else care to speculate a number (just for fun).
It got down to 1.208 last night fairly easily.
The comments from May on giving MPs a say on Brexit gave a bit of relief. But won't last, will go under 1.20 by Friday

Millhouse Oct 11th 2016 7:51 pm
Re: 1.26 and falling
 
Originally Posted by Inselaffen (Post 12074405)
was interesting watching the news last night and seeing how the reporting is still so anti-brexit. They were saying that you can't take into account how well the FTSE 100 is doing because those companies earn most of their money overseas. Failed to mention how the FTSE 250 is also at record levels as that would not suit their argument quite so well.
Don't be fooled by the stock-market highs. It's got to go to the shit at some point.

mission Oct 11th 2016 7:55 pm
Re: 1.26 and falling
 
this has to be one of the most frigging boring threads on here:thumbdown:

Charl01 Oct 11th 2016 7:58 pm
Re: 1.26 and falling
 
I say again......I really hope Mission is a very pretty girl.

There must be compensation ......

mission Oct 11th 2016 8:00 pm
Re: 1.26 and falling
 
Originally Posted by Charl01 (Post 12074420)
I say again......I really hope Mission is a very pretty girl.

There must be compensation ......
sod off :rofl:

Inselaffen Oct 11th 2016 8:03 pm
Re: 1.26 and falling
 
Originally Posted by Charl01 (Post 12074420)
I say again......I really hope Mission is a very pretty girl.

There must be compensation ......
after all Iggle's efforts I hope she is a 6ft7 hairy arsed bloke!

lightandbitter2 Oct 11th 2016 8:04 pm
Re: 1.26 and falling
 
Originally Posted by Inselaffen (Post 12074405)
was interesting watching the news last night and seeing how the reporting is still so anti-brexit. They were saying that you can't take into account how well the FTSE 100 is doing because those companies earn most of their money overseas. Failed to mention how the 8FTSE 250 is also at record levels as that would not suit their argument quite so well.
50% of the 250s revenues are from overseas trade

TGFKASE Oct 11th 2016 8:16 pm
Re: 1.26 and falling
 
Originally Posted by Inselaffen (Post 12074405)
was interesting watching the news last night and seeing how the reporting is still so anti-brexit. They were saying that you can't take into account how well the FTSE 100 is doing because those companies earn most of their money overseas. Failed to mention how the FTSE 250 is also at record levels as that would not suit their argument quite so well.
Errr.. The UK is still in the EU, so current trading etc is not immediately affected...

The press should be anti-Brexit, coz even with months to go before the UK is pulled out of the EU, already the cracks are starting to show...

lightandbitter2 Oct 11th 2016 8:34 pm
Re: 1.26 and falling
 
Originally Posted by TGFKASE (Post 12074434)
Errr.. The UK is still in the EU, so current trading etc is not immediately affected...

The press should be anti-Brexit, coz even with months to go before the UK is pulled out of the EU, already the cracks are starting to show...
Err.... With most of the FTSE components earning the major part of their revenues overseas,, then a 20% drop in sterling means IT IS affecting trade right now. Probably more so than after Brexit when there maybe some tariffs to balance it out.

FTSE is up on Sterling, not on its joy at Brexit

Millhouse Oct 11th 2016 8:41 pm
Re: 1.26 and falling
 
Originally Posted by lightandbitter2 (Post 12074446)
Err.... With most of the FTSE components earning the major part of their revenues overseas,, then a 20% drop in sterling means IT IS affecting trade right now. Probably more so than after Brexit when there maybe some tariffs to balance it out.

FTSE is up on Sterling, not on its joy at Brexit
High-tech truly global manufactures in the UK will be benefit from exactly this.

Think Rolls Royce, they will have a great boom.


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