Hmm, pound is looking a bit scary today!

worldtraveller

Generali wrote: »

That's the lowest since June 2012 when, IIRC, the sky also didn't fall in.

I hadn't thought that I gave any indication that I thought that it would Gen. Are you long in GBP?

We're now around USD1.53 which is lowest since July, 2010.

Harry_Boyle

Graham_Devon wrote: »

Yer alright, can't be bothered with your somewhat constant put downs anymore generali. I'm right in what I said on this thread, evidence by the price now at the pumps, backed up by the AA and the fuel association.

I'm not the only one concered, plenty of others are too.

That will do me. Whether you feel I am right or wrong I really couldn't care less about.

Generali is one of the most (if not the most) respected and moderate posters on this forum. If he is disagreeing with you, then instead of spitting your dummy out of the pram, you might want to actually listen to what he is saying.

Take a chill pill and try to remember that not everyone is out to get you, Graham.

Generali

worldtraveller wrote: »

I hadn't thought that I gave any indication that I thought that it would Gen. Are you long in GDP?

We're now around USD1.53 which is lowest since July, 2010.

Not according to the chart on Yahoo.

The trouble with FX is that there's no exchange that they trade on, it's all 'OTC' which means that there's no reference rate, nothing you can point at and say, "that is the number we all agree on".

I am flat GBP and indeed every other currency except AUD. I don't get involved with FX speculation as the banks will have your shirt every time!

Sorry, I didn't mean to give the impression that you were writing that. Other posters get a little hysterical about falls in the Pound.

As I say, Central Banks are where the currency action is at these days.

worldtraveller

sabretoothtigger wrote: »

Not sure why its down 0.75% as of 9.30am...

Prospect of further QE.

Generali

Graham_Devon wrote: »

Yer alright, can't be bothered with your somewhat constant put downs anymore generali. I'm right in what I said on this thread, evidence by the price now at the pumps, backed up by the AA and the fuel association.

I'm not the only one concered, plenty of others are too.

That will do me. Whether you feel I am right or wrong I really couldn't care less about.

If you re-read my post you will see that I was very careful not to throw any accusations at you despite you calling me defensive.

Generali

worldtraveller wrote: »

Prospect of further QE.

Plus the ECB has saved the Euro (perhaps).

Graham_Devon

Harry_Boyle wrote: »

Generali is one of the most (if not the most) respected and moderate posters on this forum. If he is disagreeing with you, then instead of spitting your dummy out of the pram, you might want to actually listen to what he is saying.

Take a chill pill and try to remember that not everyone is out to get you, Graham.

It's not disagreeing I take umbridge at.

It's the put downs.

Couldn't care one iota if someone is respected. They lose that respect IMO when they go to such lengths to put you down. Everything I have said on this thread has actually happened, so why should I keep respecting someone who A) told me it wouldn't happen and now starts getting personal and making out others are just thick if they don't agree?

I respect him too for his knowledge on several aspects of the economy, but not for the put downs.

No one has said the sky will fall in, and if he's not interested in discussing the rapidly (and accelrating it seems) falling pound, then no one is making him do so.

Harry_Boyle

Graham_Devon wrote: »

It's not disagreeing I take umbridge at.

It's the put downs.

I've never seen Gen get involved in anywhere near as many arguments, disagreements or spats that you, me and others get involved in. Indeed, I've not seen Generali get involved in any spats.

Again, perhaps you need to look at how you 'speak' to people or deal with people to see where the problem lies?

purch

Unfortunately the FX and Capital markets are far too complex and deep to easily be covered by the mainstream media. Exactly the same can be said for the Energy markets and the price charged to the consumer.

Easy and sensationalist headlines cannot do these issues any justice.

We have been here before, often and will be again.

By the way Dev, take a deep breath and look in the mirror.

Thrugelmir

Generali wrote: »

The early 80s recession was largely about those sorts of companies closing as they couldn't compete and were no longer being subsidised (insert Thatcher insult of choice).

With the Japanese who were at their peak at the time. With what was then a radical management approach along with the first of the robotic machine tools. Which revolutionised engineering. Days of guys using lathes were over.