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Hmm, pound is looking a bit scary today!
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Graham_Devon wrote: »Dunno if we will see on Monday. Will be difficult to quantify if something else in the world happens that has an effect on sterling.
Yes, day to day market movements are usually noise.
However, if this downgrade is a complete surprise to the markets then sterling will fall.0 -
sabretoothtigger wrote: »USA is definitely the most screwed out of the lot I reckon.
That saying of to big to fail springs to mind. Maybe the US is finally running out of options to service its never ending consumption of debt.
Maybe a wake up call to those in the UK that believe there's an easy way out if the US did tremor.0 -
Looks like the downgrade didn't make much of a difference to the $/£ exchange rate - can't have been that much of a shock.
Against the Euro it looks more interesting. Surprisingly the markets were more surprised that the Italian electorate vote in surprising ways than they were surprised by the downgrade.0 -
Looks like the downgrade didn't make much of a difference to the $/£ exchange rate - can't have been that much of a shock.
Against the Euro it looks more interesting. Surprisingly the markets were more surprised that the Italian electorate vote in surprising ways than they were surprised by the downgrade.
The elite in the EU are always surprised that when given the opportunity to make their own minds up. People will choose to vote how they want not the way the EU expect or want them to.[FONT="]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT="][/FONT]0 -
Against the Euro it looks more interesting. Surprisingly the markets were more surprised that the Italian electorate vote in surprising ways than they were surprised by the downgrade.
Seems the bribe worked.........
Worry for the markets is the anti Eurozone and anti austerity message coming through.0 -
Could it be because of Osbornes exuberance in counting what he thought he'd get for the sale of 4G in to the figures he used in his Autumn Statement. It fell rather short of what he expected this week and sent those figures out of the window. Is it really a coincidence that our rating has been downgraded the same week as the sales figures were realised?
Since the shortfall amounts to ~0.1% of the national debt I imagine it is a coincidence, yes.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
Stronghands wrote: »Lots of action in the main currencies at the moment, Gaps up and down.
Looking at the charts, bit scary what's going on to cause such volatility right now?
Italy..............0 -
Italy..............
I do wonder it should be causing so much havoc.
It has been abasket case for years with irrational government.
A bit of sticking plaster was applied when the Stormtroopers came in, but the wound was still ther, on the verge of going septic.
I wonder why the markets are so shallow or are they just manipulating things for their own ends and make ashort term gain?
These are long term issues and always will be."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Stronghands wrote: »Grizly1911 you have the same picture as Tixy who has been helping me in the other thread, are you the same person?
The person who logs on as Grizzly1911 has a few other usernames, hence why this one is on my ignore list.0
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