Sterling weakness

Nebulous2

The perception given by the press is certainly that the pound is weak / weakening. 

https://www.bbc.co.uk/news/business-61809589

13 month lows against the euro is cited in the article, but in reality it appears to mean it is pretty much where it was a year ago..... 

https://www.bbc.co.uk/news/topics/cx250jmk4e7t/pound-sterling-gbp

One reason it has fallen against the dollar is that they have signalled and implemented higher rate rises than we have. 

Notepad_Phil

Nebulous2 said:

The perception given by the press is certainly that the pound is weak / weakening. 
...
13 month lows against the euro is cited in the article, but in reality it appears to mean it is pretty much where it was a year ago..... 
...

I'm sure that missing out that reality was completely accidental and has nothing to do with making it a better story for them.

Albermarle

Notepad_Phil said:

Nebulous2 said:

The perception given by the press is certainly that the pound is weak / weakening. 
...
13 month lows against the euro is cited in the article, but in reality it appears to mean it is pretty much where it was a year ago..... 
...

I'm sure that missing out that reality was completely accidental and has nothing to do with making it a better story for them.

There were a few headlines recently such as ' SHOCK OF MORE EXPENSIVE HOLIDAYS ABROAD AS POUND PLUMMETS'
As most Brits go to Europe for their foreign holidays, they may have been surprised to find that nothing of any great significance has changed with the exchange rate....

Andrewzy

Just logged in to find out whether others were discussing this. Had assumed that it was too risky for Joe public to attempt to trade currencies and this discussion confirms that. Truss is determined to cut taxes and push up the deficit and debt even further but perhaps the markets have already priced that in? Salutary to look at GBP/EUR over the last five years. 

jimjames

Andrewzy said:

Just logged in to find out whether others were discussing this. Had assumed that it was too risky for Joe public to attempt to trade currencies and this discussion confirms that. Truss is determined to cut taxes and push up the deficit and debt even further but perhaps the markets have already priced that in? Salutary to look at GBP/EUR over the last five years. 

It might help predictions if I post where I'm going on holiday as sterling seems to tank against the currency just as I'm about to travel abroad.

John464

Section62 said:

The subject experts.

How much confidence do you have in 'the subject experts' who are effectively hired by Boris Johnson?

Millyonare

GBP and EUR cannot compete with the mighty US dollar or Swiss franc. Wouldn't be a surprise to see the GBP dip under $1.00 before Xmas.

Dyor, etc.