We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The pound
Comments
-
Currently US$1.489 = £1.00 after the budget.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
-
worldtraveller wrote: »Currently US$1.489 = £1.00 after the budget.
Dropped slightly, but recovered a bit.
Little change in the markets, in fact. Pretty uncontroversial budget all around.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
That is because everyone knows this is a phoney budget. There will be an emergency one soon after the election. And possibly another one later in the year if a hung parliament collapses and the markets have started to lose the faith.HAMISH_MCTAVISH wrote: »Dropped slightly, but recovered a bit.
Little change in the markets, in fact. Pretty uncontroversial budget all around.
Six months max Hamish before the real picture starts to emerge.0 -
HAMISH_MCTAVISH wrote: »Dropped slightly, but recovered a bit.
Generally agree. I won't argue over the odd cent. It will be more the currency markets reaction over the next few days, rather than the immediate, that will tell!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 -
Little change in the markets, in fact
I take it the Gilt market has escaped your notice :eek:'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
-
I take it the Gilt market has escaped your notice :eek:
Yes, perhaps you could update us on todays reaction in the gilt market, between 1pm and 5pm, exactly what was the reaction?;)
Never mind, found the answer already.....In a Budget that was relatively neutral for markets, gilt prices eased and consequently sent yields a little higher after Alistair Darling, chancellor of the exchequer, lowered his forecasts for public borrowing by more than expected.
Like I said, broadly unchanged.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
It was as expected by those of us privy to the wider picture. To tell the truth it has been pointing the same way for a while and while there is money to be made on the short sides, I am not easy with currency and CDS swap trades in such a volatile market. I'm inclined to take some profits and short sterling, but maybe take the high end of gilts while the long term yields are preferential.HAMISH_MCTAVISH wrote: »Yes, perhaps you could update us on todays reaction in the gilt market, between 1pm and 5pm, exactly what was the reaction?;)
It all depends Hamish, it all depends. As we say in the city.. many a mickle makes a muckle.0 -
It's now 1.637 Aussie Dollars per Great British Peso.
Rubbish.
0 -
GBP down to US$ 1.4856 right now, just slightly above hitting a 12 month low against the Dollar. Seems to be mainly due to a weakened outlook for UK growth and inflation, with more QE looking likely from the BOE soon.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards