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!

Pound slides further on surprise Fed rate rise

Asheron
Asheron Posts: 1,229 Forumite
in Debate House Prices & the Economy
Sterling hit a nine-month low against the dollar on Friday as the US currency continued to gain broadly after the Federal Reserve raised its discount rate.

http://www.telegraph.co.uk/finance/currency/7269372/Pound-slides-further-on-surprise-Fed-rate-rise.html
As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
«1

Comments

  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Isn't a strengthening dollar bad for gold investors?
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • Asheron
    Asheron Posts: 1,229 Forumite
    Masomnia wrote: »
    Isn't a strengthening dollar bad for gold investors?

    Sure, but the dollar is going bankrupt within the next 2 years.
    As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Asheron wrote: »
    Sure, but the dollar is going bankrupt within the next 2 years.

    Sorry yes, illuminati and what not.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • RDB
    RDB Posts: 872 Forumite
    The temp strong $ is good for gold and silver investors because it pushes the price even lower for a little longer so we an by even more before the price goes up as the $ falls in the future.

    Im not sure about 2 yrs but before 2020.
  • ses6jwg
    ses6jwg Posts: 5,381 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    hmmmm may need to hedge my bets and buy half my dollars quite soon
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    These headlines always confuse me. "X slides", etc.... I am never sure which way round that means.

    Pound slides further.... does my brain in trying to work out if I should cash in my $$s now or hold onto them. It's a mental block I have over the whole raft of exchange news.
  • RDB
    RDB Posts: 872 Forumite
    PasturesNew wrote: »
    These headlines always confuse me. "X slides", etc.... I am never sure which way round that means.

    Pound slides further.... does my brain in trying to work out if I should cash in my $$s now or hold onto them. It's a mental block I have over the whole raft of exchange news.

    I`ll help you buy silver before there is a run on the pound.

    http://www.youtube.com/watch?v=uWX9GNSW8nk&feature=PlayList&p=7E3D78848D3BD5AB&index=14&playnext=15&playnext_from=PL
  • purch
    purch Posts: 9,865 Forumite
    Trying to pretend the Discount Rate move has anything much to do with the current 'marginal' strength of the USD is bordering on the ridiculous.

    GBP has weakened this week due to the extraordinary borrowing requirement for January.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Mr.Smith_6
    Mr.Smith_6 Posts: 91 Forumite
    I'll be brutally honest I only take any notice when it costs me more than 2 € for a pint of Estrella Dorada in Benidorm.
  • Asheron
    Asheron Posts: 1,229 Forumite
    Mr.Smith wrote: »
    I'll be brutally honest I only take any notice when it costs me more than 2 € for a pint of Estrella Dorada in Benidorm.

    That is exactly why we are in so much trouble.

    People just don't care as long as they have Beer, Apple Pie, and Eastenders :)
    As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture