Sterling Weakens Against Euro

StevieJ

DecentLivingWage wrote: »

When the poor battling motorists get to the pump, then we ll see what the mood is on the forecourt and how the polls reflect that. Osborne has been reprimanded now by almost all the experts and devalui8ng the pound wont work in this new economic age.

Seems that the economy is doing about as well as the Osbourne business empire

As Osborne & Little was founded in 1968, if this clause goes forward designs that the company produced between 1968 and 1987 will come back into copyright for the life of the designer plus 70 years beyond that, meaning a potential increase in profits.
Osborne & Little could do with a turn in fortunes. The company recorded a loss of £301,000 last year.

http://www.telegraph.co.uk/news/politics/9830316/George-Osbornes-family-business-to-benefit-from-planned-wallpaper-law.html

GeorgeHowell

robmatic wrote: »

Labour only having a 6 point lead is fairly significant given that we should be at the peak of mid-term dissatisfaction with the Coalition.

It must be squeaky bum time at Labour HQ, eh DecentLivingWage?

Mid term poll results mean very little.

But the government of the day always has the advantage of being able to time its run. Everything will be done to make the picture look as rosy as possible by May 2015. Labour on the other hand will have a leader who looks increasingly lightweight and out of his depth, and a shadow chancellor who frankly you would not let through your front door if you had any sense. It will continue to flounder over benefits and it will continue to flounder over the EU because on both issues it is a divided party and any firm policy declaration will reveal that.

The arguments will be on the one hand Labour's characteristic lure of return to the promised land of an easier life, and more "social justice" for everyone if it gets in. The Conservatives will say that they have made a lot of progress do we want to risk returning to the Gordon Brown type days with a weak and indecisive leader who is out of his depth and a party which would borrow more money and lose control of public spending again. Oh and by the way you'll be stuck with the EU forever.

Where it will all come out who knows. But it's for sure completely open and all to play for.

Conrad

robmatic wrote: »

Labour only having a 6 point lead is fairly significant given that we should be at the peak of mid-term dissatisfaction with the Coalition.

Similarly, Obama and Reagan had dreadful mid-term numbers and yet went onto to win the election 2 years later.

Thrugelmir

Conrad wrote: »

Similarly, Obama and Reagan had dreadful mid-term numbers and yet went onto to win the election 2 years later.

Obama failed to delivery on the economy in his first term in office. Likewise in the USA the opposition failed to put up credible alternative plans during the election. The fiscal cliff debate suggests that the electorate made the right call.

All of which sounds rather familiar at the current time.

robmatic

Agent-47 wrote: »

No one believes a recovery is possible now. Its just a matter of time before the collapse comes. The longer they postpone the worse it will be.

Yeah, 'everyone' is convinced of the inevitable collapse. That'll be why the US is looking bullish and funds are rotating out of your beloved precious metals.

Thrugelmir

Agent-47 wrote: »

No one believes a recovery is possible now. Its just a matter of time before the collapse comes. The longer they postpone the worse it will be.

I think contingency plans are already being put in place. Knowing the way America works. Quite possibly draconian.

DecentLivingWage

Graham_Devon wrote: »

It has. That's raw reality.

Go to Yougov.co.uk and click on results. You can map the changes. It's easy to do...hence why it was being done when they were gaining a further lead.

Sorry, says Lab n/c (No Change) - thought i'd better double check!

BobQ

http://www.telegraph.co.uk/finance/personalfinance/investing/9827477/How-to-profit-from-a-plummeting-pound.html

The Telegraph seems to be predicting an even bigger fall in the pound, with recent performance attributed to the stance on the EU and underlying failure to maintain growth.

"With the Government struggling to meet their deficit reduction target and the economy failing to maintain any growth, the economic situation remains a huge concern and this is manifesting itself in a weaker pound," said Andy Scott of foreign exchange brokers HiFX

Of course the Telegraph is yet again propounding left wing propaganda......

Thrugelmir

BobQ wrote: »

The Telegraph seems to be predicting an even bigger fall in the pound, with recent performance attributed to the stance on the EU and underlying failure to maintain growth.

Nothing in the news on Europe for the markets to chew on.

Another month and the fiscal cliff will dominate again.

What's changed in the UK? Growth was always going to be patchy. A report by the IMF said that the "austerity" measures would have a negible effect on the UK's growth. Possibly only .5% a year higher at best . Problem for the UK is still the banks.

BobQ

Thrugelmir wrote: »

Nothing in the news on Europe for the markets to chew on.

Another month and the fiscal cliff will dominate again.

What's changed in the UK? Growth was always going to be patchy. A report by the IMF said that the "austerity" measures would have a negible effect on the UK's growth. Possibly only .5% a year higher at best . Problem for the UK is still the banks.

Fair comment. I was just obvserving that those above who dismissed this as another leftie party political broadcast were being unfair.