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    • Glen Clark
    • By Glen Clark 18th May 17, 11:34 AM
    • 3,740Posts
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    Glen Clark
    Effect of election on pound
    • #1
    • 18th May 17, 11:34 AM
    Effect of election on pound 18th May 17 at 11:34 AM
    Some interesting graphs in the FT today. Basically shows the pound tends to rise on the prospect of a Tory victory (as it seems to be doing now). But then crash very soon after the Tory victory. Wheras when Labour look like winning, and do, the pound has stayed relatively constant.
    For society to function well, people generally need to feel that they have a fair chance of success through their ability and efforts. The more entrenched hereditary elites we have, the less likely people are to feel that way
Page 1
    • SalarySlave
    • By SalarySlave 18th May 17, 11:52 AM
    • 59 Posts
    • 40 Thanks
    • #2
    • 18th May 17, 11:52 AM
    • #2
    • 18th May 17, 11:52 AM
    I think the dollar is falling rather than the pound rising at the moment. The pound is down 3 cent against the euro since last week. Dollar is falling due to the Possibility of Trump being impeached at the minute, this is also reflected in the stock markets.
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