TeutonicKnight Posted January 12, 2016 Share Posted January 12, 2016 In other words when a currency goes down, the share price of a company denominating in it rises to compensate Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 12, 2016 Share Posted January 12, 2016 Y169 now. Not seen much MSM coverage of the £'s decline... Quote Link to comment Share on other sites More sharing options...
council dweller Posted January 12, 2016 Share Posted January 12, 2016 "Market turmoil (in China) has sent investors hurrying back to the Yen". Stab me vitals .... Quote Link to comment Share on other sites More sharing options...
zugzwang Posted January 12, 2016 Share Posted January 12, 2016 Y169 now. Not seen much MSM coverage of the £'s decline... Carney's flapping his stupid gums later today. The least capable central banker of his generation will surely revise public expectations of a rate rise this year. Has he ever got anything right? Quote Link to comment Share on other sites More sharing options...
ccc Posted January 12, 2016 Share Posted January 12, 2016 FTSE up strongly in the last hour - anyone know why? Someone in China bought a sandwich ? Quote Link to comment Share on other sites More sharing options...
papag Posted January 12, 2016 Share Posted January 12, 2016 FTSE up strongly in the last hour - anyone know why? According to BBg a spike in Oil futures of nearly 2% higher due to the killings in Istanbul sent stock prices surging. How they figure that as a buy signal is beyond me but its a mad world we all live in now Quote Link to comment Share on other sites More sharing options...
Uncle_Kenny Posted January 12, 2016 Share Posted January 12, 2016 Yes because people realise £ will have to be trashed. Equity prices rise on that expectation. In other words when a currency goes down, the share price of a company denominating in it rises to compensate The Caracas (Venezuela) stock exchange may point the way to the future. http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2015/12/caracas%20unadjusted.jpg Quote Link to comment Share on other sites More sharing options...
AC44 Posted January 12, 2016 Author Share Posted January 12, 2016 Eh? Since when was highest at 5% and lowest at -1% 'hyperinflation'??? CPI is useless.. ONS low income average at 10 year is averaging near 4%. http://www.ons.gov.uk/ons/rel/elmr/variation-in-the-inflation-experience-of-uk-households/2003-2014/sty-variation-in-the-inflation-experience-of-uk-households.html Essential inflation calculation much higher than CPI (needs registration to ft) http://ftalphaville.ft.com/2013/02/20/1393672/the-real-rate-of-british-inflation/ Quote Link to comment Share on other sites More sharing options...
council dweller Posted January 12, 2016 Share Posted January 12, 2016 Don't worry folks, the £ is up against the Dong. Quote Link to comment Share on other sites More sharing options...
AC44 Posted January 12, 2016 Author Share Posted January 12, 2016 Looks like for the £, the only question is how low it will drop compared to the $. Quote Link to comment Share on other sites More sharing options...
richc Posted January 12, 2016 Share Posted January 12, 2016 Don't worry folks, the £ is up against the Dong. Time to go long dong? Quote Link to comment Share on other sites More sharing options...
Inoperational Bumblebee Posted January 12, 2016 Share Posted January 12, 2016 Long Dong & silver? Quote Link to comment Share on other sites More sharing options...
council dweller Posted January 12, 2016 Share Posted January 12, 2016 The Dong!? Come on...get Real ! Quote Link to comment Share on other sites More sharing options...
frederico Posted January 12, 2016 Share Posted January 12, 2016 They'll put up rates if drops much further, its their precious. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 12, 2016 Share Posted January 12, 2016 Some MSM coverage atlast. £ at five year low v $ http://www.telegraph.co.uk/finance/economics/12094473/Pound-plunges-to-five-year-low-as-manufacturing-performance-worse-than-anyone-expected.html Quote Link to comment Share on other sites More sharing options...
mattyboy1973 Posted January 12, 2016 Share Posted January 12, 2016 They'll put up rates if drops much further, its their precious. I doubt it, frankly, but you never know. I wonder if there even is a point at which they would step in to defend the £ with rate hikes and, if so, what it is? Much lower than now I would guess. I wonder if such a triggering level is something they even think about in advance? Quote Link to comment Share on other sites More sharing options...
reddog Posted January 12, 2016 Share Posted January 12, 2016 (edited) This article made me laugh. The title is "pound plunges": http://www.telegraph.co.uk/finance/economics/12094473/Pound-plunges-to-five-year-low-as-manufacturing-performance-worse-than-anyone-expected.html Yet the contents of the article say the manufacturing data was week "due to a historically strong exchange rate" !! Edited January 12, 2016 by reddog Quote Link to comment Share on other sites More sharing options...
rantnrave Posted January 12, 2016 Share Posted January 12, 2016 I doubt it, frankly, but you never know. I wonder if there even is a point at which they would step in to defend the £ with rate hikes and, if so, what it is? Much lower than now I would guess. I wonder if such a triggering level is something they even think about in advance?Wasn't CPI at 5% for a couple of months when QE was all the rage in 2011 / 12? They sat on the bums through that. Quote Link to comment Share on other sites More sharing options...
spyguy Posted January 12, 2016 Share Posted January 12, 2016 I wonder if Gidiot had some prelim figures before he did 'We are in sht1' speech? The pounds has been propped up as we sold large chunks of London to corrupt hardworking Chinese + Russians. Without that inflow - and i was huge - the current account deficit is a bit of a problem. Quote Link to comment Share on other sites More sharing options...
Nabby81 Posted January 12, 2016 Share Posted January 12, 2016 Dipped under 1.44 now Quote Link to comment Share on other sites More sharing options...
AC44 Posted January 12, 2016 Author Share Posted January 12, 2016 Wasn't CPI at 5% for a couple of months when QE was all the rage in 2011 / 12? They sat on the bums through that. They seem to always ignore outside pressure when it is about above target inflation.. They have no reason to do so now, since unemployement has dropped below target. Only excuse they have for not raising now is that the supposed inflation is low (see crappy CPI). if now inflation increases, Flip-Flopper will have to find a new target (excuse) to use. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted January 12, 2016 Share Posted January 12, 2016 (edited) Yes long run magnet has been 1.60. I see that now as more likely the peak than the magnet. Largest twin deficits in developed world. Needs to break 1.45 then 1.42 before serious crash. Look for it later in 2016 into 2017. Broken 1.45 so 1.42 is line in the sand.I'd expect a major £v$ bounce from this 1.42/44 area. Major. It is more likely than to break 1.42 sustainably. Edited January 12, 2016 by Killer Bunny Quote Link to comment Share on other sites More sharing options...
reddog Posted January 14, 2016 Share Posted January 14, 2016 Oh dear, now at 1.43 to the dollar. To me the resistance point is 1.40, obviously if that breaks thinks could get interesting!! Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted January 14, 2016 Share Posted January 14, 2016 IIRC the pound went to near parity with the Euro end of 2008/start 2009. BoE IR didn't move upward. Quote Link to comment Share on other sites More sharing options...
onlyme2 Posted January 14, 2016 Share Posted January 14, 2016 Would be most unlike the bankrupt of england to miss a runaway train right in from too their faces. Economies around the world are being wrecked thanks to adverse currency trends against the USD. We might be joining them. Quote Link to comment Share on other sites More sharing options...
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