Realistbear Posted December 9, 2010 Share Posted December 9, 2010 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. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted December 9, 2010 Share Posted December 9, 2010 so stable that we need to Bail out other countries to save our own banks. Quote Link to comment Share on other sites More sharing options...
South Lorne Posted December 9, 2010 Share Posted December 9, 2010 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.....?.... Quote Link to comment Share on other sites More sharing options...
Errol Posted December 9, 2010 Share Posted December 9, 2010 Dollar and pound have terminal cancer. There is no cure. It's over. Only a matter of time. Quote Link to comment Share on other sites More sharing options...
indirectapproach Posted December 9, 2010 Share Posted December 9, 2010 Nah, incompetent/malicious jocks have been trying to fark it all up since Bobert the Bruce invaded Ireland. It never works and this is just another example. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted December 9, 2010 Author Share Posted December 9, 2010 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? Quote Link to comment Share on other sites More sharing options...
South Lorne Posted December 9, 2010 Share Posted December 9, 2010 Nah, incompetent/malicious jocks have been trying to fark it all up since Bobert the Bruce invaded Ireland. It never works and this is just another example. ...sure you've got the right thread ....?.... Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted December 9, 2010 Share Posted December 9, 2010 unrealist bear strikes again. used to work for Saddam Husseins Information Ministry. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted December 9, 2010 Author Share Posted December 9, 2010 unrealist bear strikes again. used to work for Saddam Husseins Information Ministry. 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. Quote Link to comment Share on other sites More sharing options...
Guest_ringledman_* Posted December 9, 2010 Share Posted December 9, 2010 (edited) 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 December 9, 2010 by ringledman Quote Link to comment Share on other sites More sharing options...
Krackersdave Posted December 9, 2010 Share Posted December 9, 2010 ...sure you've got the right thread ....?.... He's been on the booze again methinks.... Quote Link to comment Share on other sites More sharing options...
Kilham Posted December 9, 2010 Share Posted December 9, 2010 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. Quote Link to comment Share on other sites More sharing options...
Flatdog Posted December 9, 2010 Share Posted December 9, 2010 I am not entirely sure quite what response you are attempting to prevoke RB Quote Link to comment Share on other sites More sharing options...
Darkman Posted December 9, 2010 Share Posted December 9, 2010 Sterling will be strongest major currency in 2011, says Barclays Please let it happen. A nice strong pound so I can exchange for lots of dollars when I get the f*** out of here. Quote Link to comment Share on other sites More sharing options...
Flatdog Posted December 9, 2010 Share Posted December 9, 2010 In relation to the tuition fees fiasco.. some front bench dude on 'the other side' of the house let slip today that £21K would be 'worth' £15K in 2015.. Bigtime inflation is dialled in, get used to it Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted December 9, 2010 Share Posted December 9, 2010 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. 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. Quote Link to comment Share on other sites More sharing options...
neil324 Posted December 9, 2010 Share Posted December 9, 2010 Didn't Barclays predict £1.90 to the $ by Q4 2010 earlier this year? Quote Link to comment Share on other sites More sharing options...
Errol Posted December 9, 2010 Share Posted December 9, 2010 Gold will be the strongest currency in 2011. It's been the strongest currency for the past 10 years. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted December 9, 2010 Share Posted December 9, 2010 (edited) Is Barclays muscling in on GS 'say one thing do the opposites' turf? Edited December 9, 2010 by Sadman Quote Link to comment Share on other sites More sharing options...
Toto deVeer Posted December 9, 2010 Share Posted December 9, 2010 Currency strengthening in the face of an increasing trade deficit always works... Isn't this the "We don't need no bailout 2008" Barclays that received $235 billion via the back door of the Fed? Quote Link to comment Share on other sites More sharing options...
Toto deVeer Posted December 9, 2010 Share Posted December 9, 2010 Gold will be the strongest currency in 2011. It's been the strongest currency for the past 10 years. Gold isn't a currency. It might be money, but it's not a currency. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted December 9, 2010 Share Posted December 9, 2010 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. Quote Link to comment Share on other sites More sharing options...
indirectapproach Posted December 9, 2010 Share Posted December 9, 2010 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. Quote Link to comment Share on other sites More sharing options...
okaycuckoo Posted December 9, 2010 Share Posted December 9, 2010 He's been on the booze again methinks.... I think he's referring to RBS and HBOS - Scots screwing with everyone. Quote Link to comment Share on other sites More sharing options...
indirectapproach Posted December 9, 2010 Share Posted December 9, 2010 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. Quote Link to comment Share on other sites More sharing options...
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