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Sterling Will Be Strongest Major Currency In 2011


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http://uk.finance.yahoo.com/news/Sterling-strongest-major-tele-2529599833.html?x=0

Sterling will be strongest major currency in 2011, says Barclays
Richard "Dickie Boy" Blackden, 19:50, Thursday 9 December 2010
Sterling will be the best-perfoming major currency next year, Barclays (LSE: BARC.L - news) has forecast, as the UK gets its "house in order".
The prediction came as Barcap, the securities arm of the retail bank, also used its 2011 outlook to predict that stock markets will outperform government bonds and that the US economy will stage a stronger recovery than it has managed in 2010.
The pound, which has been hard hit since the financial crisis, will end next year at $1.82 against the dollar and 78p versus the euro, it was estimated. The currency closed on Thursday in London at $1.5728 and 84p.

Crash? What crash. The fundamentals for this country are now so positive that there is no reason whatsoever not to expect a resurgence in house prices. Much to my and many others disgust I suspect.

So its the Euro down, the Dollar down, the Swissie down, the Krona down and Sterling flying off the shelves just like the overpriced houses were doing just a couple of years or so ago.

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http://uk.finance.yahoo.com/news/Sterling-strongest-major-tele-2529599833.html?x=0

Sterling will be strongest major currency in 2011, says Barclays
Richard "Dickie Boy" Blackden, 19:50, Thursday 9 December 2010
Sterling will be the best-perfoming major currency next year, Barclays (LSE: BARC.L - news) has forecast, as the UK gets its "house in order".
The prediction came as Barcap, the securities arm of the retail bank, also used its 2011 outlook to predict that stock markets will outperform government bonds and that the US economy will stage a stronger recovery than it has managed in 2010.
The pound, which has been hard hit since the financial crisis, will end next year at $1.82 against the dollar and 78p versus the euro, it was estimated. The currency closed on Thursday in London at $1.5728 and 84p.

Crash? What crash. The fundamentals for this country are now so positive that there is no reason whatsoever not to expect a resurgence in house prices. Much to my and many others disgust I suspect.

So its the Euro down, the Dollar down, the Swissie down, the Krona down and Sterling flying off the shelves just like the overpriced houses were doing just a couple of years or so ago.

...why are Barclays punting GBP.....?.... :rolleyes:

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Dollar and pound have terminal cancer. There is no cure. It's over. Only a matter of time.

The US are showing some decent signs of recovery but nowhere near as strong as us. It seems the EZ is going to take the brunt of the collapse. As Brown said--we are well placed to weather the storm. And weathered it we have.

Sir Gordon Hamish Brown KG anyone?

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How does 'Brown left us in better shape than many thought' and 'as the UK gets its house in order' go together??????????????

Please add rational posts.

Brown fuked us and sterling collapsed by 50%.

Coalition have a plan to cut the rate of debt increasing. Not ideal, would be good to cut the public sector much quicker to allow the real economy to thrive once more but at least its a start. As only indebted western nation that has a plan then obviously sterling must rise from its lows.

Simple really.

RB, instead of posting 25000 cuts of mainstream press, I would be more interested in hearing your views on things...

Edited by ringledman
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So running recent posts through the RBCI translator ;) we have:

1: House prices are about to fall off a 300 foot cliff

2: Sterling will be less useful than bogroll (£20s don't flush very well).

3: I won't mention that one. :D

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I thought you were a bull? How come you disagree with the top experts in currency the world has ever known? Barclays are a child of the Rothchilds yer know.

:lol:

if they are correct, then our super strong, export led recovery, that happened only yesterday, is about to be expunged.

they havent a clue....we might lose the race to the bottom, but that is where we are heading.

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No, you see when you have lots of people wanting to buy your currency what do you do with their currency?

Exchange it for another (third) currency.

When you are in a position to pick and choose what currencies you want to buy, you can weaken currencies or make them stronger. Likewise you can also influence policy in those countries for good or bad.

The premium people are prepared to pay for your currency is the advantage.

currency produces no wealth.

our wealth might just get a little more out of reach of the people that might want to buy some...so they'll buy some US wealth.

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He's been on the booze again methinks....

As the case may be but there's as much fact as otherwise in what I posted.

Just have a look at the Scottish incumbents,

John Stuart Earl of Bute, PM 1762 - 1763, George III's royal favourite, say no more, probably the least bad,

Campbell-Bannerman, PM 1905 - 1908, he seized the opportunity the top job gave him with both sick hands and did nothing with it .... well done. At least he was

apparently fondly remembered on his passing. Unlike .....

Ramsay Macdonald, PM 1929 - 1935, the first Labour PM, who was on watch during the general strike of 1926 (no?) and is remembered with contempt by his own.

Perhaps better than being remembered with utter hatred by millions of others like,

Arthur James Balfour, PM 1902 - 1905, he of the 1917 declaration that has hardly contributed to tranquility in the Levant. Oh the irony that he from a people that do bitch so

much about being colonised when they are not should say to another people ....... But at least that was some time ago.

Unfortunately that cannot be said about Blair, who was not only educated at Fettes but also born in Edinburgh on 6 May 1953.

That will bring us back to Brown.

As for where incompetence ends and malice begins, who knows.

And that will bring us to a happy song.

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Well, it does also have something to do with the wider implications of Brown's take on this quote from one of his predecessors,

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that

that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by

a higher level of unemployment as the next step."

Labour Party Annual Conference Report 1976, page 188.

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