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karhu

Ha! Mpc Stick This In Your Pipe & Smoke It!

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http://today.reuters.co.uk/investing/finan...RSUS-DOLLAR.XML

Sterling hits five-week low versus dollar

LONDON, Feb 8 (Reuters) - Sterling fell to a five-week low against the dollar on Wednesday after mixed manufacturing sector data and ahead of a decision on Thursday on UK interest rates.

By 1530 GMT, sterling stood at $1.7412, having slipped to a five-week low of 1.7397 <GBP=>

The Bank of England looks set to keep interest rates on hold for the sixth month running this week but analysts are divided over when and what the next move in policy will be.

Word's starting to get around....

Edited by karhu

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The markets are making sure as hell they don't put them down!!!

Read a brief article by David Smith today, making the case for lower IRs so that a weaker pound will help exports. Said that sterling was over valued and could do with falling!

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Read a brief article by David Smith today, making the case for lower IRs so that a weaker pound will help exports. Said that sterling was over valued and could do with falling!

Well maybe. But there's a lot of inflation between now and then :o

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Read a brief article by David Smith today, making the case for lower IRs so that a weaker pound will help exports. Said that sterling was over valued and could do with falling!

If he thinks that trashing the pound will be beneficial, then he's an idiot. We're an importing economy, not an exporting economy, so trashing the pound will just increase our expenses.

Why oh why do we have to live in a country run by morons?

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Read a brief article by David Smith today, making the case for lower IRs so that a weaker pound will help exports. Said that sterling was over valued and could do with falling!

That doesn't make any sense whilst were trading at a deficit and net importing fuel.

I could understand this strategy if we had a French style energy industry where 70-80% of power came from nuclear. But we burn gas, gas that is piped in from overseas, gas that is rocketing in price as it is.

Is he involved with exporting goods also mass produced abroad?

Land and wages coming down would be a more viable option, although unpopular.

Edited by ?...!

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If he thinks that trashing the pound will be beneficial, then he's an idiot. We're an importing economy, not an exporting economy, so trashing the pound will just increase our expenses.

Why oh why do we have to live in a country run by morons?

MarkG, exactly. The HUGE trade deficit doesn't mean a thing until you start thinking about the possible consequences of lowering interest rates and further devaluing the pound.

No chance in my opinion. Either get the trade defecit down or start putting interest rates up real soon!

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Yeah, it's just insane. Pretty much every other country in the world is at least thinking of raising rates, and we get talk about reducing them. Absolutely mad.

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Yeah, it's just insane. Pretty much every other country in the world is at least thinking of raising rates, and we get talk about reducing them. Absolutely mad.

The policy of UK of late has been a strong pound and a consequent trade defecit and higher than average interest rates. I can't see that changing overnight.

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Its Gordon's dilemma. He is dammed if he does and dammed if he doesn't. The price for the miracle economy. The smoke has cleared and the mirrors are all broken and Gordon stands there a sad and dishevelled wreck of a Scot who once had pretensions of becoming Prime Minister. :(

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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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