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Well it's getting stronger!

http://news.bbc.co.uk/1/hi/business/8059454.stm

Why is that with our interest rate low? Is it because of QE? Or are investors seeing some potential in there somewhere?

Or is it simply because were not shrinking as quickly as other majour countries i.e Germany and Japan?

I'm not sure that there has to be a specific reason, regardless of what many of the talking heads would have you believe.

even in fairly severe downward trends in any market, you can have small upticks here and there.

they really aren't too relevant until they become sustained trends imo.

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Well it's getting stronger!

http://news.bbc.co.uk/1/hi/business/8059454.stm

Why is that with our interest rate low? Is it because of QE? Or are investors seeing some potential in there somewhere?

Or is it simply because were not shrinking as quickly as other majour countries i.e Germany and Japan?

Check again against AUD and get back to me.

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Haven't you heard? It's the recovereh!

If the government's got more money now, it stands to reason that it's worth more!

Loadsofmoney!!!!!!!

If we need any more, we'll just print it.

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they really aren't too relevant until they become sustained trends imo.

Like the trend of the pound sinking over the past two years and lets face it the pound has been hovering about 1.12 since it hit a low of 1.02 against the euro.

in answer to germany well may i remind readers they still have manufacuring and euopeans did not get into so much debt as us if you exclude ireland that is starting to pay the price.

me i'll stick with my 20% gain in silver and 20% gain in euro's over the pound untill i see reason to jump ship.

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Why is that with our interest rate low? Is it because of QE? Or are investors seeing some potential in there somewhere?

As far as I have read, it seems that the previous low was an over-reaction.

The pound appears now to be reverting to where it should have fallen.

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Well it's getting stronger!

http://news.bbc.co.uk/1/hi/business/8059454.stm

Why is that with our interest rate low? Is it because of QE? Or are investors seeing some potential in there somewhere?

Or is it simply because were not shrinking as quickly as other majour countries i.e Germany and Japan?

The £ was, and still is, oversold.

Discussed here http://www.housepricecrash.co.uk/forum/ind...howtopic=114820

The $ is losing appeal as a safe haven as risk appetite improves.

As for the Euro, I guess everyone knows my view: there's truckloads of bad news yet to come out, despite cunning efforts from the likes of Angela M. to sweep problems under the carpet with a German bad bank :rolleyes:

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The £ was, and still is, oversold.

Discussed here http://www.housepricecrash.co.uk/forum/ind...howtopic=114820

The $ is losing appeal as a safe haven as risk appetite improves.

As for the Euro, I guess everyone knows my view: there's truckloads of bad news yet to come out, despite cunning efforts from the likes of Angela M. to sweep problems under the carpet with a German bad bank :rolleyes:

So your sayin the pound is safer than the euro and the doller at the moment?

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It's only gaining against the USD because of the news today that the BoE considered even more quantitative easing... It hasn't gained a penny against AUD or CAD or any others really.

It's meaningless. It's just a comparison between two economic basket-cases really.

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So your sayin the pound is safer than the euro and the doller at the moment?

I think the pound's position will be decided by the equity markets - a collapse in stocks and it will probably fall against the dollar. Ditto the euro, but the euro should fall anyway, because we have not even started with all its problems (PIIGS, Eastern Europe, I am in Italy at the moment and it seems to be cracking at the seams). I have noticed that any small amount of bad news and the dollar drops, whereas a ton of good news is really needed to make it rise. So I would say right now the pound is the safest of the three, then it will be the dollar when we enter Crash 2.0, then, when it is all over, I think the euro may emerge the least unscathed, because of the ECB (German) fear of trashing their currency preventing them from doing just that at any cost.

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It's only gaining against the USD because of the news today that the BoE considered even more quantitative easing... It hasn't gained a penny against AUD or CAD or any others really.

It's meaningless. It's just a comparison between two economic basket-cases really.

What's even more mental is the Orwellian BBC speak that the pound strengthened BECAUSE of the BOEs appetite for more QE.

Debasing the currency makes it worth more does it. Also when the bank originally announced QE within days the £ was at its lowest level for 35 years.

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So your sayin the pound is safer than the euro and the doller at the moment?

It's all about market perception and risk appetite/aversion.

The £ has been perceived as a risky currency on account of the state of the economy and bank bad assets.

When risk aversion was sky high towards the end of last year, the £ got oversold.

In recent weeks risk appetite is increasing and the £ is benefiting.

IMO, the key point is that the market is underestimating the scale of the current crisis in the Eurozone - mainly due to the fact that it's much easier to fiddle statistics annd averages for the Euro beaurocrats than it is for the UK gubbmint.

Once the Eurozone troubles surface fully - and surface they will - the Euro has to fall, much to the relief of the struggling PIIGS.

As for the dollar, I see cable rangebound between 1.5-1.6 for the rest of this year.

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Well it's getting stronger!

http://news.bbc.co.uk/1/hi/business/8059454.stm

Why is that with our interest rate low? Is it because of QE? Or are investors seeing some potential in there somewhere?

Or is it simply because were not shrinking as quickly as other majour countries i.e Germany and Japan?

Ignore what is going on with these currencies with respect to each other. The governments have cornered the forex currency market - have done so for some time now.

All that matters is what your currency buys you in terms of living your life. On that measure, the pound is continuing to depreciate, and will continue to do so until it is worthless. That day is approaching.

Keep enough cash to pay your month to month expenses and a bit in reserve. The rest, you must get rid of and acquire more reliable investments and bullion (which is real money)

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Like the trend of the pound sinking over the past two years and lets face it the pound has been hovering about 1.12 since it hit a low of 1.02 against the euro.

in answer to germany well may i remind readers they still have manufacuring and euopeans did not get into so much debt as us if you exclude ireland that is starting to pay the price.

me i'll stick with my 20% gain in silver and 20% gain in euro's over the pound untill i see reason to jump ship.

Well done, the silver market is really hard!

I don't speculate ever with silver, I simply like to own it as bedrock money. It will always have value regardless of circumstances and so I know that myself and my family will always have something to eat! There are few things that have that characteristic and this is overlooked in my opinion. This is so important.

This is not a criticism of you, perhaps you keep a core position, but I find that there are a lot of people in the bullion market that do not really understand what they own. They see it as another instrument of speculation. That is completely the wrong idea to my mind.

Edited by Where is my pen?

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Ignore what is going on with these currencies with respect to each other. The governments have cornered the forex currency market - have done so for some time now.

All that matters is what your currency buys you in terms of living your life. On that measure, the pound is continuing to depreciate, and will continue to do so until it is worthless. That day is approaching.

Keep enough cash to pay your month to month expenses and a bit in reserve. The rest, you must get rid of and acquire more reliable investments and bullion (which is real money)

Aside from a bit of bullion , what do you consider to be a more reliable investment.

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