Friday, Feb 26, 2010
Damn that snow!
XE.COM: Pound falls
Any ideas why the markets didn't take too positively to this mornigns news. I had presumed yesterdays fall was anticipating worse news but would have corrected. My money still on 1.50 as it has been for a while but I wasn't sure that sterling would fall today!
Here are a nice few pictures for anyone not following the story:
http://www.advfn.com/p.php?pid=qkquote&symbol=FX^GBPUSD
Posted by brickormortis @ 01:30 PM (779 views) Add Comment
8 Comments
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1. rumble said...
A weak recovery from flu is better than a fantastic recovery from leprosy?
2. freemanphil said...
Gold finally broke above £730/ounce. It is looking at a big move from there if it breaks out. Looks like we just left, or are just leaving the eye of the storm. What this means, is that we must sail through a storm to get out the other side. We could try to pump up Quantitative Easing motors to keep up with the storm and stay in the eye of it, but the storm will eventually overtake us and we'll just have less fuel to keep afloat whilst the storm passes. This is why you want limited government, with you, yourself and thou being in charge of your money, not some unelected Van Rompou or Gordon Brown at the helm, because they don't work for you, they work for off shore banks, and, Just as Blair moved from PM to Morgan Stanley so shall Brown.
3. rumble said...
"This is why you want limited government, with you, yourself and thou being in charge of your money, not some unelected Van Rompou or Gordon Brown at the helm, because they don't work for you, they work for off shore banks" .. among others including themselves.
You are a resource for improving their lives.
4. freemanphil said...
Year, Rumble, you mock me, but most people still seek salvation from government, and most people justify sending all their money to Brussels and Westminster. Very few people have any dignity left and are drenched with Marx and Keynes. They have decided that theft is OK, so long as it is only committed by government and their partner corporations.
5. Bulboy said...
Because it broke through a long term resistance line. Look at the daily chart and you will see that the price was consolidating for quite time and went through the floor, confirmed the floor has become a soffit and plunged down. Now it is heading down towards the 1.5 barrier me thinks.
6. alan said...
Indian immigrants are sending home their savings as debt levels hit a crisis peak in India,
Food inflation is going up fast and interest rates are tipped to go up soon.
7. rumble said...
Freeman, I'm not mocking you. It's a dairy farm, the cows ushered in to have some pipes connect them to the machine, too busy chewing their cud to notice the sucking sound. I'm all for the quashing of government, I've just lost the enthusiasm and energy you still muster.
8. rumble said...
"You are a resource for improving their lives."
Meant the sheeple, not you.