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Towards the end of the week there is a ey US consumer spendingn report out. Over the weekend US media was suggesting that the report will show that US consumers have stopped spending.

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Towards the end of the week there is a ey US consumer spendingn report out. Over the weekend US media was suggesting that the report will show that US consumers have stopped spending.

Italy downgraded.

Individuals finally realising the inevitability of the failure of the common currency experiment in Europe.

Hang on to your hats.

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Shouldn't gold be rising in such a situation?

I dont know if it should be, but it is. Looks like gold has hit another all time high in GBP today.

Yields on UK Treasuries are falling to an unbelievable 3.3% on the ten year gilt. Clearly due to the excellent probity of the current government who are well on the way to balancing the budget and not wasting money on assisting deposits for FTB and SMI and other such nonsense.

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Anyone noticed the FTSE this morning? Down nearly 2% already...

FTSE should be able to attract a bit of buying when it reaches future fair value of "1 point"

Edited by georgia o'keeffe

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Dollar strength. Pound weakness.

Wouldnt that work the other way?

When the dollars weak, foreigners buy into the DOW.

Id have thought when the pound is weak, foreigners buy into the FTSE (get more for less)

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I dont know if it should be, but it is. Looks like gold has hit another all time high in GBP today.

Almost, it was about a quid off the all time highs. Sterling weakness driving this one, the last one was driven by Dollar weakness.

The whole system is now metastable. Massive swings in currencies and PM's is apparently a sign the end isn't far off...

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maybe prices are a bit too high for investors to invest.

we need market support by the Government otherwise some white shoe boys will be getting a trip to the barbers.

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Blackpool got relegated :ph34r:

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Dollar strength. Pound weakness.

But but but everyone (practically) on HPC said $ would always fall.

Some of us said it would rise sharply this year.

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Id have thought when the pound is weak, foreigners buy into the FTSE (get more for less)

Western / developed mkts move in tandem.

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But but but everyone (practically) on HPC said $ would always fall.

Some of us said it would rise sharply this year.

Rise and fall against what exactly? It has fallen sharply against oil for example, this year. Some would say that is the crucial measure, more so than gold even.

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Rise and fall against what exactly? It has fallen sharply against oil for example, this year. Some would say that is the crucial measure, more so than gold even.

I think most traders if asked would recognise the key cross rate for dollar watching is the Gabonese CFA Franc, and it too has been showing weakness versus the dollar of late despite Ali Bongo still commanding the complete loyalty of the Army

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It is. Check the sterling price.

gold_1d_o_GBP.png

Fair enough. I only have access to comex and $ spot price on my bloomberg app, both are down marginally.

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Dollar strength. Pound weakness.

I'm no trader.. but this looks like risk aversion more than currency exchange.

If the pound were weaker you would naturally expect stocks valued in it to rise. This looks like a move out of risky assets into (US) bonds.. hence the strength in the dollar.

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I'm no trader.. but this looks like risk aversion more than currency exchange.

If the pound were weaker you would naturally expect stocks valued in it to rise. This looks like a move out of risky assets into (US) bonds.. hence the strength in the dollar.

+1

Smart money is getting out of, or has already got out of, stocks.

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  • 312 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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