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By *uddy lane OP   Man
over a year ago

dudley

Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works.

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By (user no longer on site)
over a year ago

Would be better to revisit your post in a few months time and see if the pound actually does recover against the dollar or Euro long term. The outlook from JP Morgan is that it will not.

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By (user no longer on site)
over a year ago

"despite Brexit".

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By *ohnnyTwoNotesMan
over a year ago

golden fields


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works. "

The Telegraph says.....

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By *ohnnyTwoNotesMan
over a year ago

golden fields

[Removed by poster at 10/05/23 08:48:34]

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By *ohnnyTwoNotesMan
over a year ago

golden fields


""despite Brexit"."

Always banging on about Brexit. Give it a rest.

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By *otMe66Man
over a year ago

Terra Firma

What do these analysts actually contribute to the world other than guess work?

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By (user no longer on site)
over a year ago


""despite Brexit".

Always banging on about Brexit. Give it a rest.

"

Shouldn't you be scouring the internet looking for some bad news that you can blame on Brexit today?

I hear fox numbers are down.

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By *uddy lane OP   Man
over a year ago

dudley


"Would be better to revisit your post in a few months time and see if the pound actually does recover against the dollar or Euro long term. The outlook from JP Morgan is that it will not.

"

Of course they would have a opposite outlook if they have hedged themself against the pound, but dishy rishi is a goldman Sachs boy and is encouraging growth in the pound and investment.

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By *ohnnyTwoNotesMan
over a year ago

golden fields


""despite Brexit".

Always banging on about Brexit. Give it a rest.

Shouldn't you be scouring the internet looking for some bad news that you can blame on Brexit today?

I hear fox numbers are down. "

Brexit brexit brexit. Not everything is always to do with brexit.

Give it a break.

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By *uddy lane OP   Man
over a year ago

dudley


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works.

The Telegraph says....."

I am sure other media outlets will pick up on it.

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By *ohnnyTwoNotesMan
over a year ago

golden fields


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works.

The Telegraph says.....

I am sure other media outlets will pick up on it."

I'm sure. I was poking fun.

Sure they change their predictions all the time. And present them out of context to make things look better or worse than they are.

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By *I TwoCouple
over a year ago

PDI 12-26th Nov 24


""despite Brexit".

Always banging on about Brexit. Give it a rest.

Shouldn't you be scouring the internet looking for some bad news that you can blame on Brexit today?

I hear fox numbers are down.

Brexit brexit brexit. Not everything is always to do with brexit.

Give it a break."

Just the bad stuff, but hey ho.

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By *deepdiveMan
over a year ago

France / Birmingham


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works. "

I will believe it when I see it but see no data to support that wet dream.

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By *ohnnyTwoNotesMan
over a year ago

golden fields


""despite Brexit".

Always banging on about Brexit. Give it a rest.

Shouldn't you be scouring the internet looking for some bad news that you can blame on Brexit today?

I hear fox numbers are down.

Brexit brexit brexit. Not everything is always to do with brexit.

Give it a break.

Just the bad stuff, but hey ho."

I think you're mistaken. There is no downside to Brexit, only a considerable upside.

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By (user no longer on site)
over a year ago

The 'experts' the establishment media tend to parrot are the ones getting it wrong, not 'the bankers'.

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By *oo hotCouple
over a year ago

North West


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works. "

Do you see the irony in your post?

A forecast by a newspaper is questioning another forecast by another institution. One could be right and one could be wrong, or one could be more right than the other.

They are both simply forecasts and yet you choose to believe before either forecast has played out that one is definitely wrong.

As others have said. Maybe best to see how things pan out in the coming months.

The only thing on the horizon that “could” spark a strengthening of the GBP as I can see would be another couple of rounds of interest rate rises though I doubt that will provide anyone with much cause to celebrate.

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By *uddy lane OP   Man
over a year ago

dudley


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works.

Do you see the irony in your post?

A forecast by a newspaper is questioning another forecast by another institution. One could be right and one could be wrong, or one could be more right than the other.

They are both simply forecasts and yet you choose to believe before either forecast has played out that one is definitely wrong.

As others have said. Maybe best to see how things pan out in the coming months.

The only thing on the horizon that “could” spark a strengthening of the GBP as I can see would be another couple of rounds of interest rate rises though I doubt that will provide anyone with much cause to celebrate."

Are you suggesting I would be making a big mistake trading pounds for dollars, the pip value us going up though.

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By *eroy1000Man
over a year ago

milton keynes


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works. "

Did they say why the pound will gain against the dollar? I know UK interest rates have b going up but US rates have been going up even longer

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By *uddy lane OP   Man
over a year ago

dudley


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works.

Did they say why the pound will gain against the dollar? I know UK interest rates have b going up but US rates have been going up even longer"

The Fed expected inflation to be at 2% from their stimulus and rate rises but it's hanging around 4 to 5, they will have to repeat and carry on with the feds fiscal plan and print, print print.

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By *anes HubbyCouple
over a year ago

Babbacombe Torquay


""despite Brexit".

Always banging on about Brexit. Give it a rest.

Shouldn't you be scouring the internet looking for some bad news that you can blame on Brexit today?

I hear fox numbers are down.

Brexit brexit brexit. Not everything is always to do with brexit.

Give it a break.

Just the bad stuff, but hey ho.

I think you're mistaken. There is no downside to Brexit, only a considerable upside."

Unless you have a small business that imports solely from within the EU.....there is no upside.

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By *ohnnyTwoNotesMan
over a year ago

golden fields


""despite Brexit".

Always banging on about Brexit. Give it a rest.

Shouldn't you be scouring the internet looking for some bad news that you can blame on Brexit today?

I hear fox numbers are down.

Brexit brexit brexit. Not everything is always to do with brexit.

Give it a break.

Just the bad stuff, but hey ho.

I think you're mistaken. There is no downside to Brexit, only a considerable upside.

Unless you have a small business that imports solely from within the EU.....there is no upside."

Are you saying that David Davis was telling porkie pies during the leave campaign? Surely not.

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By *eroy1000Man
over a year ago

milton keynes


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works. "

I see also today that the BOE have yet again changed the forecast for the UK 2023 economy. 6 months ago it was going to be the worst recession for ages, then it was going to be a recession but not maybe not as bad as first thought. Then it was going to be not a technical recession but still have negative growth over the year. Now it's no recession and some small amount of growth. All this in 6 months

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By *abioMan
over a year ago

Newcastle and Gateshead


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works.

Did they say why the pound will gain against the dollar? I know UK interest rates have b going up but US rates have been going up even longer

The Fed expected inflation to be at 2% from their stimulus and rate rises but it's hanging around 4 to 5, they will have to repeat and carry on with the feds fiscal plan and print, print print.

"

Erm… you do know that the uk has both a higher inflation rate (10% to 8%) and a higher interest rate (4.5% to 3.75%) than the us…

The only way you will really see the pound rise against the dollar is if us republicans do really play chicken with the president over the us debt ceiling and if they were to default…

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By *otMe66Man
over a year ago

Terra Firma


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works.

Did they say why the pound will gain against the dollar? I know UK interest rates have b going up but US rates have been going up even longer

The Fed expected inflation to be at 2% from their stimulus and rate rises but it's hanging around 4 to 5, they will have to repeat and carry on with the feds fiscal plan and print, print print.

Erm… you do know that the uk has both a higher inflation rate (10% to 8%) and a higher interest rate (4.5% to 3.75%) than the us…

The only way you will really see the pound rise against the dollar is if us republicans do really play chicken with the president over the us debt ceiling and if they were to default…"

As this happened before? I seem to remember a situation were there was no money to pay government employees

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By *abioMan
over a year ago

Newcastle and Gateshead


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works.

Did they say why the pound will gain against the dollar? I know UK interest rates have b going up but US rates have been going up even longer

The Fed expected inflation to be at 2% from their stimulus and rate rises but it's hanging around 4 to 5, they will have to repeat and carry on with the feds fiscal plan and print, print print.

Erm… you do know that the uk has both a higher inflation rate (10% to 8%) and a higher interest rate (4.5% to 3.75%) than the us…

The only way you will really see the pound rise against the dollar is if us republicans do really play chicken with the president over the us debt ceiling and if they were to default…

As this happened before? I seem to remember a situation were there was no money to pay government employees"

No.. that is different.. that is a shutdown because the parties cannot get a budget passed.. hence only spending on necessities and everything else gets shut down

The debt ceiling they normally just kick down the road but passing a clean bill meaning the government can spend what they want… but once they hit the debt ceiling limit they default on everything and they can spend nothing!

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By *otMe66Man
over a year ago

Terra Firma


"Bankers admit they got it wrong on the uk economy, this is from a telegraph article, the uk pound is expected to surge against the us dollar and euro in the coming months, this is contrary to the rhetoric of the financial bankers and doom and gloomers, why do bankers get it wrong so much or is it by design.

does this prove al Murray's interpretation of how the global financial system works.

Did they say why the pound will gain against the dollar? I know UK interest rates have b going up but US rates have been going up even longer

The Fed expected inflation to be at 2% from their stimulus and rate rises but it's hanging around 4 to 5, they will have to repeat and carry on with the feds fiscal plan and print, print print.

Erm… you do know that the uk has both a higher inflation rate (10% to 8%) and a higher interest rate (4.5% to 3.75%) than the us…

The only way you will really see the pound rise against the dollar is if us republicans do really play chicken with the president over the us debt ceiling and if they were to default…

As this happened before? I seem to remember a situation were there was no money to pay government employees

No.. that is different.. that is a shutdown because the parties cannot get a budget passed.. hence only spending on necessities and everything else gets shut down

The debt ceiling they normally just kick down the road but passing a clean bill meaning the government can spend what they want… but once they hit the debt ceiling limit they default on everything and they can spend nothing! "

Your card has been declined

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