bigglesworth

What fascinates me is the the Reuters currencies page ONLY carries negative stories on Sterling, and ONLY once or twice a month, for 2 days to a week.

Then nothing until another bear raid is mounted. Have a look. Middle of December, middle of January, end Feb, end March and the last couple of days.

Something really does smell this time.

londonbee

Oh boy. Straight out of the Bernanke shill book.

jackytoo

If the Uk is in as bad a way as some on here hope for then I am afraid Sterling will fall below parity with the euro

rugbymatt

Damn! We're down to Double A+, still, at least we're not as bad as say..... Spain..... Tripple B-

londonbee

Don't worry, if Benny and his Squid boys can successfully short the crap out of gold, any currency's going to look good.

steviedeluxe

Pound beginning to firm up. Maybe 1.25 is not beyond hope.

amideislas

If the Euro continues to fall, you may be right. Maybe 1.30 isn't out of sight.

Beaverstate

Good for exports, euro wise.

jackytoo

According to this german "expert" the Euro may not last 5 years!

http://www.telegraph.co.uk/finance/f...t-advisor.html

scrubbedexpat095

LOL up a cent on yesterday I think you are what is known as an eternal optimist Steve :-)

amideislas

Shhh! you could make people think there might be something wrong.


Another interesting link on that page:

Euro crisis could last a decade

DENISE WALTERS

The pound up a bit now I haven't been in Spain for 4 months now wondering how its faring as the reports on UK tele all about demonstrations and austerity. I wonder what I will find when I return?

bobd22

Reading in the papers this morning that speculation is that ECB has realised the Eurozone can't take much more austerity and that they may now reduce interest rates? which so long as we don't follow should help the £? but I'm sure Mr King will have a counter plan.

bobd22

Or is that should be good for exports as considering the £ devaluation it doesn't seem to have done that much for the UK? strange times we live in what happened in the past doesn't appear to be happening these days? Other than imports go up!

Sorry that was in response to Beaverstates comment above

amideislas

The ECB WILL print money, eventually. It was presumed that austerity would do the trick, but like most short-sighted EU policies, and despite so many advising against too much austerity, it's so far only made things worse, and a few of our fearless leaders are beginning to realise that now.

Because of the way the Euro was architected, the ECB isn't as empowered as a traditional central bank such as BOE or the US fed, and cannot simply implement broad QE without one member or another benefiting, whilst another goes into shock.

But they'll figure out a way (and really, be forced to) implement a serious round or two of QE at some point, and the Euro will fall to a more appropriate valuation, and things will start to pick up from there.

If not, well, you can probably expect that another decade of crisis is likely in store, if not longer.