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The Pound Sinks Further
Comments
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Bank of Tokyo is predicting $1.380
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Bank of Tokyo is predicting $1.38
UBS is predicting 1.34
Barclays are predicting 1.55
make your own minds up !!Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
14:23 13May10 - GBP buyers hard to find, even as new coalition gov meets
GBP is sliding across the board, decaying even faster and further than the always vulnerable EUR. The flight to safety, supported by ongoing US data that is not negative, has given USD a bid across the board. JPY is the only currency that is making significant gains vs USD. GBP traders are watching for developments from the new UK coalition government, where the first full cabinet meeting took place today. But, with the softish leaning employment data and the very cautious BoE inflation report still ringing in the ears of the market, euphoria is giving way to a search for GBP support and nothing convincing has appeared yet. GBP/USD is dropping and technical support comes next at 1.4685.Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
inspector_monkfish wrote: »UBS is predicting 1.34
Barclays are predicting 1.55
make your own minds up !!
So there is a good chance the £ is going to devalue further & the major players are clearly thinking this?
Good for exports? (shrug smiley)
edit - posted at the same time as the inspectors above posts. Still interested if anyone can shed a little light though...It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
On the positivie side this devaluation should help exports. On the negative side, judging by the balance of trade, all our customers are broke and can't afford to buy our exports.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
!!!!!! is an "attack dog" please? It's not a phrase I've come across before outside of war movies.
How things change
Meet Labour's attack dog; Vince Cable
http://conservativehome.blogs.com/leftwatch/2010/03/meet-labours-attack-dog-vince-cable.html'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
inspector_monkfish wrote: »14:23 13May10 - GBP buyers hard to find, even as new coalition gov meets
GBP is sliding across the board, decaying even faster and further than the always vulnerable EUR. The flight to safety, supported by ongoing US data that is not negative, has given USD a bid across the board. JPY is the only currency that is making significant gains vs USD. GBP traders are watching for developments from the new UK coalition government, where the first full cabinet meeting took place today. But, with the softish leaning employment data and the very cautious BoE inflation report still ringing in the ears of the market, euphoria is giving way to a search for GBP support and nothing convincing has appeared yet. GBP/USD is dropping and technical support comes next at 1.4685.
Put a muzzle on it Monkfish !US housing: it's not a bubble
Moneyweek, December 20050 -
15:10 13May10 Cable: Mid East demand noted, Prudential deal gets approval
14:10 [CABLE] is being driven off new day's lows of 1.4684 by Middle East
account led demand. However, we are not ruling out further declines to
the 1.4475 mark, last Fri's post election low. We are not overly
surprised to find Gbp over 1% lower than Europe's opening levels. A
coalition in its infancy, a shocking UK trade number of Gbp 7.5bln and
ongoing EU sovereign debt crisis worries have played their part today.
Looking for other possible negative impacters, New Yorkers are talking
possible UK downgrade ahead, but that sounds convenient. Worth noting,
however, and not getting too much airplay today is news that [PRUDENTIAL]
has received UK regulator approval (in principle) for its mega Usd 35.5bln
purchase of AIG's Asian unit. That could be proving a fresh psychological
weight.Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0 -
kennyboy66 wrote: »Put a muzzle on it Monkfish !
why, whats up kenneth?Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
(MSE Andrea says ok!)0
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