Pound in freefall against dollar

justpurchased

epz wrote: »

the option is either take decisive action now to accelerate the market correction or a longer drawn out one and incur debt and inflation.

it may surprise people but not every industry in this country is dependant upon the housing market, I would bet industry would prefer a slightly higher rate for 6-12 months followed by a lower one vs the current rate and eventually being forced to raise it due to wage inflation.

Realy, you obviously don't run a business then. Belive it or not interest rates are set for the economy not just for houses! Recent inflation is due to oil (which is dropping)prices. Are you insecure that a drop in interest rates would cause a housing boom again! Belive it or not there is more to life than houses

WTF?_2

justpurchased wrote: »

Realy, you obviously don't run a business then. Belive it or not interest rates are set for the economy not just for houses! Recent inflation is due to oil (which is dropping)prices. Are you insecure that a drop in interest rates would cause a housing boom again! Belive it or not there is more to life than houses

Says the person who can't quite grasp why joint salary mortgage multiples are lower than single persons salary multiples :rotfl:

justpurchased

!!!!!!? wrote: »

Says the person who can't quite grasp why joint salary mortgage multiples are lower than single persons salary multiples :rotfl:

I do grasp it I just dont agree with it, obviously suits single you (i do wonder why you are single!:rotfl: ) and neither do banks come to think of it! (why I reply to you I never know)
Did you read the article on oil and inflation dropping! No beacuse you are scared of that:rolleyes:

ad44downey

Another good reason to increase interest rates. Lets just hope the BoE do the right thing.

WTF?_2

justpurchased wrote: »

I do grasp it I just dont agree with it, obviously suits single you (i do wonder why you are single!:rotfl: )

Given that you don't have a clue about my personal life that statement is even more of an obvious personal attack than usual.

I guess inventing a 'real life' persona for me and throwing insults online based on that imaginary image of me in your head substitutes for intellect when it comes to debating the point, which you have miserably failed to do.

ad44downey

Don't rise to the bait. justpurchased must feel like a right mug now having just bought property on the eve of the first property crash of the 21st century.

justpurchased

!!!!!!? wrote: »

Given that you don't have a clue about my personal life that statement is even more of an obvious personal attack than usual.

I guess inventing a 'real life' persona for me and throwing insults online based on that imaginary image of me in your head substitutes for intellect when it comes to debating the point, which you have miserably failed to do.

What a short memory you have, mmm who insulted who first! Stop diverting attention from the point you are wrong!!!!
Look last time i will post it for you
http://afp.google.com/article/ALeqM5hsuH6IqBKcg82fIc77hpyKm14HtQ

OTHERWISE TYPE OIL, PRICE, INFLATION, UK in to google news there is plenty there which should help you.
(After all you love news headlines.:rotfl: )

justpurchased

ad44downey wrote: »

Don't rise to the bait. justpurchased must feel like a right mug now having just bought property on the eve of the first property crash of the 21st century.

Yes. lets play tick.
Please surly we can debate rarther than it becoming playgound level.!

StevieJ

ad44downey wrote: »

Another good reason to increase interest rates. Lets just hope the BoE do the right thing.

Cloud Cuckoo Land.

WTF?_2

justpurchased wrote: »

What a short memory you have, mmm who insulted who first! Stop diverting attention from the point you are wrong!!!!
Look last time i will post it for you
http://afp.google.com/article/ALeqM5hsuH6IqBKcg82fIc77hpyKm14HtQ

OTHERWISE TYPE OIL, PRICE, INFLATION, UK in to google news there is plenty there which should help you.
(After all you love news headlines.:rotfl: )

Get it into your skull that the value of the dollar is just ONE input into oil prices. :rolleyes:

Oil goes up and down independent of how well the dollar is doing. A generally weak dollar puts upward pressure on oil, a strong dollar puts downward pressure but the spike we just saw was a lot more than dollar weakness:supply and demand worries are a generally greater driver.

You seem to think that oil remains more or less the same price and just jiggles up and down inversely to how the pound trades against the dollar.

If that were the case, then oil would cost in real terms what is did in April 2006 - the last time the pound was at this level against the greenback.

http://news.bbc.co.uk/1/hi/business/7595518.stm


It's worth noting that whereas the Pound has dropped to a 29 month low against the dollar whereas your own link shows that the Euro is at an 8 month low. That should tell you that the pound is actually weakening of its own accord (it's hitting record lows against the Euro too) and this weakness is reducing the benefit of a falling oil price as speculators back off in the face of oncoming recession.


But don't let fact cloud your laser like obsession with exchange rates and oil prices.