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Hi you groovy cats!

As the title says really (note the apostrophy in the correct place, particularly those of you, you waste of rations, you, who dont even koow the difference between lose and loose),

Why is the pound at its highest against the Euro for at least a month?

Is it because these bull fools think (despite the UK being a basket case) that house prices are going up, hence requiring higher interest rates?

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I started a thread yesterday about this issue. Personally, I wanted it to drop against the €.

Most opinion was that the £ was still quite low, bit just up a little bit recently.!

I notice it's at a 52w low versus the Aussie $, below $2 to the £.

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Hi you groovy cats!

As the title says really (note the apostrophy in the correct place, particularly those of you, you waste of rations, you, who dont even koow the difference between lose and loose),

Why is the pound at its highest against the Euro for at least a month?

Is it because these bull fools think (despite the UK being a basket case) that house prices are going up, hence requiring higher interest rates?

If they are measuring the price of houses in Sterling and expect a rise it must be because the currency is weakening in comparison. The price of Sterling doesn't tell you anything other than how people value Sterling, it doesn't tell you anything about the economy, or the housing market. If you expect houses to get more expensive in the UK, holding Sterling is not hedge against that.

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Friday morning business news:

BA make massive lost. Some high streets have 25% of their shops boarded up. Govt's banking reforms heavily criticised by Treasury Select Committee.

£ goes up versus the €!

Reverse always seems to be the case. If this trend continues, I would expect the £ to dive again when IRs go up.

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Hi you groovy cats!

As the title says really (note the apostrophy in the correct place, particularly those of you, you waste of rations, you, who DON'T even KNOW the difference between lose and loose),

Leave your rations in the billet, Private Cash. ;)

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Hi you groovy cats!

As the title says really (note the apostrophy in the correct place, particularly those of you, you waste of rations, you, who dont even koow the difference between lose and loose),

Why is the pound at its highest against the Euro for at least a month?

Is it because these bull fools think (despite the UK being a basket case) that house prices are going up, hence requiring higher interest rates?

Nothing to do with house prices :unsure:

When people want risk they buy sterling assets as the UK is a relatively small volatile economy with a big financial services industry that would do disproportionately well, quickly, from global economic recovery

Leading to higher interest rates on gilts and higher share prices?

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Perhaps you hadn't noticed this section was retitled "House Prices and the Economy," quite some time ago.

Well I think that while currency traders look at UK house price trends to gauge (sp?) the economy - its other things, like interest rate and economic growth expectations that move sterling? :unsure:

Relatively few foreign investors buy UK house as a punt on the £

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it's jsut dawned on them that most western currenceis are equally f*****

My play too.Look at sterling against a currency like the Aussie$,under $2/£ now.

For investing its the eastern economies against sterling im interested in.The £$E are all in the same boot,range bound together.

For sterling investors who invested into the Aussie stock market last October,your up a third on the market and a third on the currency.

Until the deficit gets under control myself im keeping all my capital in Asia.Even looking past this recession the UK has huge problems brought about by 11 years of Labour.

I still think this was more than a bad recession,underneath i think it was the transfer of capital creation from west to east.

The UK is now almost a complete socialist state.Half of our regions rely on +50% government spending for their economy.

I just cant see how the private sector can create real growth,and more to the point,real capital creation in this enviroment.

Just because you live here though doesnt mean you have to keep your capital here.

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Hi you groovy cats!

As the title says really (note the apostrophy in the correct place, particularly those of you, you waste of rations, you, who dont even koow the difference between lose and loose),

Why is the pound at its highest against the Euro for at least a month?

Is it because these bull fools think (despite the UK being a basket case) that house prices are going up, hence requiring higher interest rates?

Lots of bad news to come out of the Eurozone soon.

PIIGS bleeding to death because of the overvalued Euro.

Euro banks have huge exposure to both US subprime and Eastern Europe bad debts, which they have not marked to market yet - witness Moddy's downgrade of Santander yesterday.

Bad bank in Germany only a political tool for Angie M to get re-elected, details will be leaked after september election.

You don't resolve problems by trying to sweep them under the carpet.

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Lots of bad news to come out of the Eurozone soon.

PIIGS bleeding to death because of the overvalued Euro.

Euro banks have huge exposure to both US subprime and Eastern Europe bad debts, which they have not marked to market yet - witness Moddy's downgrade of Santander yesterday.

Bad bank in Germany only a political tool for Angie M to get re-elected, details will be leaked after september election.

You don't resolve problems by trying to sweep them under the carpet.

+1

Europe usually goes into recession later than the UK, but comes out of it later too

Whats interesting this time is whats happening in Ireland and Spain

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Hi you groovy cats!

As the title says really (note the apostrophy in the correct place, particularly those of you, you waste of rations, you, who dont even koow the difference between lose and loose),

Why is the pound at its highest against the Euro for at least a month?

Is it because these bull fools think (despite the UK being a basket case) that house prices are going up, hence requiring higher interest rates?

apostrophe

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