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tommyboy

£ Down 1% Vs $

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You just witnessed the limited chance there was of a rate rise next year evaporate.

http://www.sky.com/skynews/article/0,,30400-13463806,00.html

The HPC bears will have trouble sleeping tonight.......

"It looks like Mervyn King is getting it wrong on UK growth, inflation and interest rate policy," said David Brown, chief European economist at Bear Stearns International.

"The only real debate for UK rates now is timing and whether the MPC will pre-empt market expectations for a February cut with an earlier move."

http://news.bbc.co.uk/1/hi/business/4442086.stm

:lol::lol::lol:

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You just witnessed the limited chance there was of a rate rise next year evaporate.

The HPC bears will have trouble sleeping tonight.......

Not at all, it should be interesting, the Fed is continuing to raise and yesterday Bernanke raised the spectre of a 0.5% rise in a single session, doing nothing and watching the pound tank may mean potentially higher BoE hikes later on as this translates as inflation on oil and imports, which will squeeze retailers even more.

The UK isn't an island when it comes to our currency.

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As long predicted in these hallowed columns.

The house price crash will be for houses priced in GOLD.

Pound sterling to be recognized as equivalent to Woolworth tokens

The process is now well underway.

GOLD gaps up this morning to £280

When GOLD is at $525 and GBP/USD is 1.5 GOLD in GBP will be £350.

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As long predicted in these hallowed columns.

The house price crash will be for houses priced in GOLD.

Pound sterling to be recognized as equivalent to Woolworth tokens

The process is now well underway.

GOLD gaps up this morning to £280

When GOLD is at $525 and GBP/USD is 1.5 GOLD in GBP will be £350.

That, Sir, is a slight on the value of my Woolworths tokens!

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You just witnessed the limited chance there was of a rate rise next year evaporate.

http://www.sky.com/skynews/article/0,,30400-13463806,00.html

The HPC bears will have trouble sleeping tonight.......

http://news.bbc.co.uk/1/hi/business/4442086.stm

:lol::lol::lol:

i thought that for every 10% your currency devalues you should be raising rates by 1% ?

if rates are lowered then we are heading into recession.

either way you lose.

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You just witnessed the limited chance there was of a rate rise next year evaporate.

http://www.sky.com/skynews/article/0,,30400-13463806,00.html

The HPC bears will have trouble sleeping tonight.......

http://news.bbc.co.uk/1/hi/business/4442086.stm

:lol::lol::lol:

Not all. Like any sane person I am looking for house prices to devalue significantly against other things other than Gordon's pounds.

My gold, palladium, silver, Swiss Francs, Canadian Stocks have had a fantastic day. I shall sleep very very very well.

Ciao

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You just witnessed the limited chance there was of a rate rise next year evaporate.

http://www.sky.com/skynews/article/0,,30400-13463806,00.html

The HPC bears will have trouble sleeping tonight.......

http://news.bbc.co.uk/1/hi/business/4442086.stm

:lol::lol::lol:

Look dude...

you laugh at rate cuts.... ha ha ha... as if our HPC is only going to happend with rate rises..

we are 1.5% below average.

we are tanking against the dollar..

Eventually it will go up..

Blah... Blah...

If it doesent tomorrow..

hell, I am not getting any older...

also.. all economists are saying it will rise..

The MPC said it will rise..

One article does not a recovery make..

Hell, as we have learnt... one article does not make a crash..

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You just witnessed the limited chance there was of a rate rise next year evaporate.

http://www.sky.com/skynews/article/0,,30400-13463806,00.html

The HPC bears will have trouble sleeping tonight.......

http://news.bbc.co.uk/1/hi/business/4442086.stm

:lol::lol::lol:

More expensive dollars = more expensive oil = inflation = rising interest rates

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Can I say.

The reason its not working anymore is that things have gone too far..

If rates drop, we enter recession.

If they rise house prices drop as people fail with debt.

The safest way forward is to protect the country..

forget the debt ridden few..

remember the country

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In itself what the £ does against the $ isn't necessarily relevant.

Its what the £ does aginst the weighted basket of currencies that matters. This reflects our trade with the rest of the world and this will reflect the impact on inflation.

Does anyone know about this ?

Does anyone know what % of the basket the $ makes up ?

Sounds like you are all going on a 'speculation' trip about the dollar ! Keep your feet on the ground and consider the bigger picture. There's a thread about knee jerk reactions kicking around !

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As long predicted in these hallowed columns.

The house price crash will be for houses priced in GOLD.

Pound sterling to be recognized as equivalent to Woolworth tokens

The process is now well underway.

GOLD gaps up this morning to £280

When GOLD is at $525 and GBP/USD is 1.5 GOLD in GBP will be £350.

The largest % drop shown by the GBP here BBC Market Data

is against the currency of the world's biggest GOLD producer!

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In itself what the £ does against the $ isn't necessarily relevant.

Its what the £ does aginst the weighted basket of currencies that matters. This reflects our trade with the rest of the world and this will reflect the impact on inflation.

Does anyone know about this ?

Does anyone know what % of the basket the $ makes up ?

Sounds like you are all going on a 'speculation' trip about the dollar ! Keep your feet on the ground and consider the bigger picture. There's a thread about knee jerk reactions kicking around !

I think you'll find it is highly relevant. If it were not for the pund previously rising against the dollar for and extended period of time we would have not seen the cheap import prices that we would have and such low apparent inflation. Riding on a debt bubble and strong £ we were masked to the real effects - surging internal inflation in nearly everything.

A hell of a lot of goods and commidites are priced in $ on the world market, the £'s standing against the $ is highly significant.

Got to take the rough with the smooth.

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It's hard to put a value on currencies backed with nothing.....

Would you use my currency if it was backed with nothing, I kept it secret how much I was printing of it, I was already in the red by $50 trillion of it and I lived beyond my means by $70 billion a month?

Welcome to the wonderful world of the dollar!

Edited by DEATH

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I think this is spin to try and get people into the shops before Christmas. The global inflationary pressures are enormous and there is no way the UK can avoid what is going on. FUD!

That sir, wins the cigar!

NDL

Edited by New Darker Law

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More expensive dollars = more expensive oil = inflation = rising interest rates

You seem to have touched on something there, but:

More expensive dollars = less expensive oil = deflation = lowering rates

Think about that for a moment. Oil is generally priced in $ & the $ is strengthening. Why wouldn't oil therefore fall in $ price?

Edited by Time to raise the rents.

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  • 302 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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