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So If Our Wealth Is About To Be Destroyed...

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Looks like RB was right. The pound will reach parity with the dollar at some point in the future - more and more articles are basically concluding the same thing.

I assume this will be when the US fully recovers a few years from now, and possibly not before a dollar devaluation in the next 1-2 years.

Any guesses about the interplay between USD, EUR and GBP given they are the 3 most popular central bank currencies?

For what it's worth, I'd guess at some kind of GBP bounce to $1.60, meaning EUR 1.2 and therefore a EUR:USD rate of 1.34.

Then, onward and downward to almost parity with the dollar, $1.10, meaning EUR 1.35 and therefore a EUR:USD rate of just 80 cents, where it started all those years ago.

The above represents a 50% total swing, +/-25% each way, around their mid-point trading range / fair value / PPP range over the last decade or more.

Any more takers for this horrible scenario?

Edited by AvidFan

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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