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1.5370 Oh Dear......

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'Gorgeous Mark' Carney's film star smile, charm and wit don't seem to be working.

Not even his forward guidance and 9-0 concensus can keep sterling down.

What's the world's best central banker to do?

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Surely all he has to do is announce another round of QE in August and the Pound will be back in the 1.40s immediately?

+1

In a race to the bottom it's hard to come first. Benny and Abe are still pumping like Weimar loons. Carney will need to do the same.

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When the pound falls the media always trots out the old story about being good for exports.

But against the USD the pound has remained in a fairly narrow band since the dip in 2007. It's been pretty stable.

If the BOE was really interested in devaluing the pound I suspect they could make a much better job of it than they are at the moment.

Edit : I think that it would need to devalue by 30% or more for 6 months at least to have a significant effect on business. Of course in terms of inflation it makes its way through a lot quicker than that.

Edited by Gigantic Purple Slug

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If he allowed a housing crash the pound would devalue massively.

I'm sure someone on here said something about our whole economy/currency is now based on house prices?

Halifax house prices divided by 10,000 the pink line against GBP/USD since 2001

HalifaxUSD.jpg

post-15752-0-16585500-1374749322_thumb.jpg

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'Gorgeous Mark' Carney's film star smile, charm and wit don't seem to be working.

Not even his forward guidance and 9-0 concensus can keep sterling down.

What's the world's best central banker to do?

1.52818 now.

Markets thought hmm GDP, then hmm not so good.

If it can't go up, it will go down ;)

See how things fare with US unemployment claims later.

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If he allowed a housing crash the pound would devalue massively.

Agreed. The Krugmanite wrecker can delay a crash but he can't prevent one. Once the phantom housing equity has disappeared there'll be no point in holding sterling and no-one will want to do so.

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Cable reaching new highs this evening. Hit 1.53977 at one point. :lol::blink:

They can stab it with their steely knives but they just can't kill the beast

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They can stab it with their steely knives but they just can't kill the beast

AUDUSD and EURUSD etc have been very strong today. USDJPY has fallen to new lows this week.

No one wants to touch the dollar this evening. Think this SAC thing is really going to have some serious market repercussions too.

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  • 239 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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