| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD 13:12 - Sep 24 with 5810 views | itfcjoe |
Though you'd not know it from what the press report on....
More interested in whether Keir Starmer sits in a box at Arsenal. [Post edited 24 Sep 2024 13:22]
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| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 11:08 - Oct 3 with 1167 views | crouchendyachtclub |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 09:59 - Oct 3 by Zapers |
Currencies fluctuate for differing reasons. The USD being the currency of choice, when there is a world crisis, yes it gets stronger. Whether brexit had much significance in general, maybe. However what originally crashed the pound was the 2008/9 financial crisis. The pound nearly went to parity against the USD. |
This is the type of narrative crafting I expect from twitter bots. I have no idea what your views on brexit are but it definitely comes across like you're attempting to spuriously deflect about it's impact on the current strength of GBP.
Given how easily disprovable both of your statements have been, this is a pretty strange hill to die on. |  | | |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 11:09 - Oct 3 with 1165 views | Zapers |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 10:21 - Oct 3 by DJR |
I am not quite sure where you get your statistics from but the pound didn't nearly reach parity with the dollar in 2008/9: the lowest it reached was 1.37 in 2009.
The only time it did nearly reach parity was in the 80s and after the Truss budget.
https://www.ft.com/content/46efe36d-347b-427a-8d6f-908dccbc9431#:~:text=As%20the [Post edited 3 Oct 2024 10:21]
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My statistics come from personal experience.
I was in Singapore on route to Australia, the USD nearly hit parity, I should know, I was in a bad trade position.
Your figures are based on an average per month at best. During this period there was complete turmoil in the markets and some were predicting financial armageddon. | | | |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 11:18 - Oct 3 with 1108 views | Pinewoodblue |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 08:38 - Oct 3 by DJR |
Today’s fall means the pound has now lost all its gains against the dollar over the last two weeks, since the US Federal Reserve slashed its lending rate by half of a percent.
[Post edited 3 Oct 2024 8:43]
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Market opinion has changed following comments by Governor of BoE. Interest rate cut now expected in November and possibly another in December.
Hence the rate fall. |  |
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| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 11:23 - Oct 3 with 1089 views | Zapers |
I'm not missing any point, thank you. I said that the USD fluctuates because of geopolitical reasons as well as interest rates etc. It's still regarded as a safe haven, and still remains the most important currency in the world today. | | | |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 11:49 - Oct 3 with 1045 views | DJR |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 11:09 - Oct 3 by Zapers |
My statistics come from personal experience.
I was in Singapore on route to Australia, the USD nearly hit parity, I should know, I was in a bad trade position.
Your figures are based on an average per month at best. During this period there was complete turmoil in the markets and some were predicting financial armageddon. |
I base what I say on things like data from the Bank of England. If you look at the following ,you will see that I was right to say that the lowest the pound got down to in 2008/9 was 1.3733 dollars on 21 January 2009.
https://www.bankofengland.co.uk/boeapps/database/fromshowcolumns.asp?Travel=NIxR
Of course there was financial meltdown in 2008/9 but that is a different matter. [Post edited 3 Oct 2024 11:56]
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| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 12:51 - Oct 3 with 947 views | WeWereZombies |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 11:23 - Oct 3 by Zapers |
I'm not missing any point, thank you. I said that the USD fluctuates because of geopolitical reasons as well as interest rates etc. It's still regarded as a safe haven, and still remains the most important currency in the world today. |
Well this is certainly the thread to wait for a penny to drop... [Post edited 3 Oct 2024 12:52]
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| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 13:42 - Oct 3 with 847 views | portmanking |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 11:23 - Oct 3 by Zapers |
I'm not missing any point, thank you. I said that the USD fluctuates because of geopolitical reasons as well as interest rates etc. It's still regarded as a safe haven, and still remains the most important currency in the world today. |
It's not going to be much of a safe haven in the next decade IMO. US government debt is at eye-watering levels. The *real* US economy is creaking at best and, at worst, already in a recession. Add in the threat of war and it's easy to see why so many are piling into gold right now.
EDIT: That's the real reason why central banks are pivoting fast IMO. If interest on government debt gets out of control, we could see multiple western economies go under. [Post edited 3 Oct 2024 13:56]
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| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 14:47 - Oct 3 with 776 views | CoachRob |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 13:42 - Oct 3 by portmanking |
It's not going to be much of a safe haven in the next decade IMO. US government debt is at eye-watering levels. The *real* US economy is creaking at best and, at worst, already in a recession. Add in the threat of war and it's easy to see why so many are piling into gold right now.
EDIT: That's the real reason why central banks are pivoting fast IMO. If interest on government debt gets out of control, we could see multiple western economies go under. [Post edited 3 Oct 2024 13:56]
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Government debt scare stories are one the main reasons I'm given for not being able to tackle the climate and ecological crisis. We essentially have to wait for markets to give the right signals before we can act and this will also govern how much we can act (hugely undemocratic nonsense). Japan has a debt/GDP of over 250%, twice that of the US, why has it not collapsed? What is the upper bound for the stocks and flows of government debt?
We are trillions short of any meaningful move away from fossil fuels and if this sort of circular reasoning continues to prevail then Earth system physics will give you a collapse. |  | | |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 15:05 - Oct 3 with 757 views | portmanking |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 14:47 - Oct 3 by CoachRob |
Government debt scare stories are one the main reasons I'm given for not being able to tackle the climate and ecological crisis. We essentially have to wait for markets to give the right signals before we can act and this will also govern how much we can act (hugely undemocratic nonsense). Japan has a debt/GDP of over 250%, twice that of the US, why has it not collapsed? What is the upper bound for the stocks and flows of government debt?
We are trillions short of any meaningful move away from fossil fuels and if this sort of circular reasoning continues to prevail then Earth system physics will give you a collapse. |
Japan didn't collapse because it's fortunate in being a net exporter. Its deflationary spiral would've seen the country go under without that.
Re. fossil fuels, Britain has made *huge*strides in moving away from fossil fuels in comparison with many developed nations. The finger should be pointed elsewhere on that front. | | | |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 18:01 - Oct 3 with 678 views | flykickingbybgunn |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 13:28 - Sep 24 by Zx1988 |
You hit the nail on the head.
Perhaps I should, but I couldn't care less who donates clothes/football tickets etc., to government ministers, nor how much Sue Gray gets paid, if the Government is making a decent fist of running the country, and getting a handle on the cost of living, NHS, public services etc.,
Kroenke and Co could let Starmer pick the team and sit on the bench, for all I care, if I'm able to get a doctor's appointment in a decent time frame. |
But I have tried every day this week to get a Dr appointment for my Mrs and have so far only been told to go to A&E ! |  | | |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 09:48 - Oct 4 with 532 views | Crawfordsboot |
| Pound reaches 2 year high vs the Euro, and 2.5 year high vs the USD on 18:08 - Sep 24 by mutters |
Is that due to the ground work laid by the Tories?
Or will Labour claim it as their own achievement? |
The markets price forward not back! |  | | |
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