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The pound
Comments
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it probably has something to do with the suggestion that more than the £200bn cash is needed to be dropped into the economy via QElemonjelly wrote: »It's a valid query. General consensus appeared to be (a short time ago) that the euro may be doomed!
However, the £ continues to fall in value. I can't figure out why this is the case?
& it is annoying, as there are a couple of items I have thought about purchasing from the US, however the exchange rate puts me off. & I'm more put off this week than lst week!
What's going on?
Where's the inspector?
i'll let the inspector put his £0.02p's knowledge on this one0 -
graham_devon wrote: »1.5268 now.
New 9 month low!
1.5197...:)There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
New low today, around 1.5155
And 1.1176 against the euro.0 -
Now 1.4978
What's going on?!?!0 -
worldtraveller wrote: ».. 1.4823.
Latest fall is likely to be largely due to the higher probability of a hung Parliament (after the latest poll this weekend showing only a 2% difference between the Tories & Labour).
Ahhh, fair enough!
The world likes us then eh
1.47840 -
"A weak currency arises from a weak economy, which in turn is the result of a weak government."
Gordon Brown 1992There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
Could they be factoring in some QE for Thursday?0
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From BBC news.The pound has tumbled to a 10-month low as fears grow the UK will have a hung parliament in the upcoming election.
The currency fell 1.6% to drop below the $1.50 level against the dollar for the first time since May. It has lost 7% against the dollar this year.
The pound also fell against the euro and most other major currencies.
Separately, the world's biggest bond fund manager Pimco told the BBC he is concerned about UK government debt unless drastic action is taken.0 -
Gilts much lower today too :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0
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And here we go. The bankers broke the economy, the bankers now want to make ordinary people pay the bill. So vote Tory or we'll crash the pound.
Except that crash the pound and people still have jobs, and homes, and services. The bankers can bluster all they like, Turkeys still don't vote for Christmas.0
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