onlyme2 Posted January 7, 2016 Share Posted January 7, 2016 (edited) The trend is really bad. Within a week it has dropped a lot. Will this impact the crap CPI? It will impact interest rates. Currencies all around the globe have collapsed compared to USD over recent months/years. Once the rout is on the scale of funny/loose money injected into the system guarantees overshoots and collapses well beyond fundamentals. Also, once currencies are the "game" all the sharks are out there looking for th next one. The bankrupt of england have a shit record when it comes to fighting currency speculators. Edited January 7, 2016 by onlyme2 Quote Link to comment Share on other sites More sharing options...
TeutonicKnight Posted January 7, 2016 Share Posted January 7, 2016 Below 1.34 Euros now Quote Link to comment Share on other sites More sharing options...
@contradevian Posted January 7, 2016 Share Posted January 7, 2016 (edited) Think we'll see a bounce soon. Demand going back to 2009/2010 Plus HPC contrary indicator more or less dictates it. Edited January 7, 2016 by RentierParadisio Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted January 7, 2016 Share Posted January 7, 2016 Euro strengthening generally. $ weakening generally. So £ ought to strengthen v $ and weaken v Euro over weeks/months Quote Link to comment Share on other sites More sharing options...
brunobald Posted January 8, 2016 Share Posted January 8, 2016 Only last month 'experts' were saying the pound will buy over 1.5 euros. Mainly due to the ecb printing more money to boost inflation. Sentiment changed when the head of the ecb said the eurozone is expanding and doesn't need increased QE. Add in brexit and the uks delayed intrest rate rise and the pound started tanking. I think the Euro country's are still more ******ed than the uk and the pound should come back against the euro. Mainland Europe needs China more than us, plus they have serious problems with a lot of their single currency partners. I think the Euro is doing well as it has become a reserve currency Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 8, 2016 Share Posted January 8, 2016 Only last month 'experts' were saying the pound will buy over 1.5 euros. Mainly due to the ecb printing more money to boost inflation. Sentiment changed when the head of the ecb said the eurozone is expanding and doesn't need increased QE. Add in brexit and the uks delayed intrest rate rise and the pound started tanking. I think the Euro country's are still more ******ed than the uk and the pound should come back against the euro. Mainland Europe needs China more than us, plus they have serious problems with a lot of their single currency partners. I think the Euro is doing well as it has become a reserve currency When all this stuff is based on heresay and what night happen you have to think...what a load of s**te Quote Link to comment Share on other sites More sharing options...
brunobald Posted January 8, 2016 Share Posted January 8, 2016 Exactly it changes like the wind, it's comedy to read some experts confident opinion one day only to seen them make a 180 the next. It's all very knee jerk and unpredictable. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted January 8, 2016 Share Posted January 8, 2016 Pundits are there to make you look the wrong way. Markets howver are not fixed in one direction. Price tells. Not pundits, forecasters, economists etc Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted January 8, 2016 Share Posted January 8, 2016 I think the Pound got to 102 in 1985. I met a couple of blokes who put their shirts on it going to 99......the gamble of a lifetime. It was still hurting years later! The Yen/£ is now at 173......just thought I`d mention it. Almost $2.50 only four years before that descent to a dollar. $2 as recently as 2007. Seems to show there is usually a decent play on getting your money to the States once the pounds gets toppy, a dream play in case of 1980-1985. http://www.miketodd.net/encyc/dollhist-graph2.htm Quote Link to comment Share on other sites More sharing options...
reddog Posted January 8, 2016 Share Posted January 8, 2016 (edited) 1.45 and going in the down direction, presumably due to relatively good us job figures. Many commentators describe the pound as being too strong (presumably against currencies other than the dollar). With amount of stuff we important, they don't discuss what effect a weak pound would have on inflation!! Edited January 8, 2016 by reddog Quote Link to comment Share on other sites More sharing options...
TeutonicKnight Posted January 8, 2016 Share Posted January 8, 2016 About 1.33 Euro as we speak Quote Link to comment Share on other sites More sharing options...
zugzwang Posted January 8, 2016 Share Posted January 8, 2016 1.45 and going in the down direction, presumably due to relatively good us job figures. Many commentators describe the pound as being too strong (presumably against currencies other than the dollar). With amount of stuff we important, they don't discuss what effect a weak pound would have on inflation!! +1 The current account deficit doesn't matter... until it does! The last time it mattered for the UK was the 1970s. A repeat of that era's stagflationary woes appears imminent. Quote Link to comment Share on other sites More sharing options...
council dweller Posted January 8, 2016 Share Posted January 8, 2016 Yes, as we speak then Yen seems to be heading through 170 ... the rally didn't last long. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted January 8, 2016 Share Posted January 8, 2016 Euro strengthening generally. $ weakening generally. So £ ought to strengthen v $ and weaken v Euro over weeks/months Oh, and Yen strengthening too. Quote Link to comment Share on other sites More sharing options...
TeutonicKnight Posted January 8, 2016 Share Posted January 8, 2016 Under 1.33 Euro now (1.329) Quote Link to comment Share on other sites More sharing options...
frederico Posted January 8, 2016 Share Posted January 8, 2016 This is all so out of control its amazing. I can see them putting rates up just to strengthen the pound which in itself would be stupid considering they want exporters to be more competitive. They want to win in the short and the long term, but that is impossible and the longer they try to win in the short term the deeper they dig their hole. Quote Link to comment Share on other sites More sharing options...
TeutonicKnight Posted January 8, 2016 Share Posted January 8, 2016 Mark my words - it wil go down to below 1.2 this year and prob around 1.1. (wrt Euro). For thiose with savings get a BoS Euro account Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted January 8, 2016 Share Posted January 8, 2016 They will not raise rates to save the Pound. Quote Link to comment Share on other sites More sharing options...
Barnsey Posted January 8, 2016 Share Posted January 8, 2016 Other half has a little chunk sitting in a Euro account so rather hoping it does drop back to near parity like the previous recession, think 1.2 would be our trigger to transfer which may be sooner than we expected. Quote Link to comment Share on other sites More sharing options...
AC44 Posted January 9, 2016 Author Share Posted January 9, 2016 This is all so out of control its amazing. I can see them putting rates up just to strengthen the pound which in itself would be stupid considering they want exporters to be more competitive. They want to win in the short and the long term, but that is impossible and the longer they try to win in the short term the deeper they dig their hole. UK exports are not pound dependent. Last time they tried depreciating the pound exports did not increase at all. We mostly export med/high tech products which exports do not increase if the £ goes down. The opposite a depreciated pound is increasing the costs of the raw materials we import. (We all remember the hyperinflation during 2008-2013). Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted January 9, 2016 Share Posted January 9, 2016 (edited) Eh? Since when was highest at 5% and lowest at -1% 'hyperinflation'??? Edited January 9, 2016 by Killer Bunny Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 12, 2016 Share Posted January 12, 2016 $1.44 / Y170 today Quote Link to comment Share on other sites More sharing options...
TeutonicKnight Posted January 12, 2016 Share Posted January 12, 2016 Absolutely dire manufacturing and industrial production figures out today. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 12, 2016 Share Posted January 12, 2016 Absolutely dire manufacturing and industrial production figures out today.FTSE up strongly in the last hour - anyone know why? Quote Link to comment Share on other sites More sharing options...
TeutonicKnight Posted January 12, 2016 Share Posted January 12, 2016 Yes because people realise £ will have to be trashed. Equity prices rise on that expectation. Quote Link to comment Share on other sites More sharing options...
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