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Realistbear

Euphoric H P I News Sends Sterling Soaring Vs Euro And $

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1 GBP $1.56281 Euro 1.16712

All the time world markets have confidence in UK Plc the party will continue. FX is giving us a HUGE vote of confidence today after the Natiowide and Halifax reports (LR ignored).

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1 GBP $1.56281 Euro 1.16712

All the time world markets have confidence in UK Plc the party will continue. FX is giving us a HUGE vote of confidence today after the Natiowide and Halifax reports (LR ignored).

Was it only sterling that strengthened against the dollar? Or did every other currency too?

I'd say it's more to do with general dollar weakness rather than the price of houses in the UK.

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Slightly related - my GF has a cheque in dollars made out to her. We are going to the US on holiday in 3 months, and it would be useful to cash the cheque in dollars.

Is there any way of withdrawing the amount in dollars without having it converted to sterling first? (this would lose a percentage "in translation")

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Was it only sterling that strengthened against the dollar? Or did every other currency too?

I'd say it's more to do with general dollar weakness rather than the price of houses in the UK.

http://www.bloomberg.com/news/2010-12-31/asia-stocks-currencies-rise-set-for-second-annual-gain-copper-at-record.html

The dollar weakened for a third day against the euro, while stocks and currencies in emerging markets climbed
as confidence in the economic recovery prompted investors to purchase riskier assets
. Copper and cotton soared.
The Dollar Index, which tracks the U.S. currency against those of six trading partners, fell 0.7 percent today, dropping for the seventh straight day. The pound appreciated 1 percent against the dollar, paring an annual loss,
as a Nationwide Building Society report showed an unexpected gain in U.K. house prices.

UK Plc is heavily dependent on HPI and the FX obviously believed NW. True or not, perception is what counts. The Koalishon are pulling out all the stops to keep the perception going. Even to the point of relaxing lending rules for a Gordonesque "lite touch."

They also appear to think the recovereh is locked in. Or, its "contained" in the Eurozone this week.

IMO, 2011 will be sheer hell for the Eurozone and Sterling. Tallyman has got to be paid for Gordon's excesses.

Edited by Realistbear

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UK Plc is heavily dependent on HPI and the FX obviously believed NW. True or not, perception is what counts. The Koalishon are pulling out all the stops to keep the perception going. Even to the point of relaxing lending rules for a Gordonesque "lite touch."

Housing is the UK economy so hopefully with a little bit of magic inflationary fairy dust we can somehow have our cake and eat it. The trouble is the cake is spiked with cockroaches. Big Dave and his glove puppet Little Nicky may find the whole house of cards comes crashing down around them in 2011 as they try and keep 56 juggling balls in the air.

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http://www.bloomberg.com/news/2010-12-31/asia-stocks-currencies-rise-set-for-second-annual-gain-copper-at-record.html

The dollar weakened for a third day against the euro, while stocks and currencies in emerging markets climbed
as confidence in the economic recovery prompted investors to purchase riskier assets
. Copper and cotton soared.
The Dollar Index, which tracks the U.S. currency against those of six trading partners, fell 0.7 percent today, dropping for the seventh straight day. The pound appreciated 1 percent against the dollar, paring an annual loss,
as a Nationwide Building Society report showed an unexpected gain in U.K. house prices.

UK Plc is heavily dependent on HPI and the FX obviously believed NW. True or not, perception is what counts. The Koalishon are pulling out all the stops to keep the perception going. Even to the point of relaxing lending rules for a Gordonesque "lite touch."

They also appear to think the recovereh is locked in. Or, its "contained" in the Eurozone this week.

IMO, 2011 will be sheer hell for the Eurozone and Sterling. Tallyman has got to be paid for Gordon's excesses.

First whiff of a stockmarket correction and Sterling will be on it's merry way down again.

Edited by Xurbia

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1 GBP $1.56281 Euro 1.16712

All the time world markets have confidence in UK Plc the party will continue. FX is giving us a HUGE vote of confidence today after the Natiowide and Halifax reports (LR ignored).

Hardly a huge vote of confidence RB - the £ rose slightly from many new 52 week lows that's all. Metals up sharply on dollar weakness.

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1 GBP $1.56281 Euro 1.16712

All the time world markets have confidence in UK Plc the party will continue. FX is giving us a HUGE vote of confidence today after the Natiowide and Halifax reports (LR ignored).

Come on RB, give it up you are sounding more and more desperate by the day and have no lost all credibility IMO.

Sterling SOARED by +0.28% vs EUR today and it is HUGE?

What was it then yesterday when Sterling fell by 1.08% vs EUR? Did it BURST and it was HUMONGOUS?

Could it simply be that after losing 1% it rose a bit (0.3%) on profit taking? Could it be the same thing that has been happening every other day for the past 2 years?

Could it be that no one really gives a sh!t about Haliwide, as any primary school kid can tell that when an price is falling by 1kGBP it is not a positive increase?

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Housing is the UK economy so hopefully with a little bit of magic inflationary fairy dust we can somehow have our cake and eat it. The trouble is the cake is spiked with cockroaches. Big Dave and his glove puppet Little Nicky may find the whole house of cards comes crashing down around them in 2011 as they try and keep 56 juggling balls in the air.

It's illegal to mix that many metaphors in one post.

Where are the damn cops?

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  • 317 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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