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"Hopefully lower. " You're wanting people to get less $ and Euro for their travels? Care to make a specific, calculated predictiond Mr F? | |||
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"With my shitty luck the pound will sink to buying only $1 " I'm thinking the same: I'm just booking my next trip atm - let's hope it picks up Courtney | |||
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"Hopefully lower. " Yup, Im buying GBP now. I dont think it will fall significantly lower OP. It's stabilising. mayb between 1.25 to 1.30? | |||
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"With my shitty luck the pound will sink to buying only $1 " I'm pretty certain I read that parity with the dollar is set to be on the cards. | |||
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"Hopefully lower. You're wanting people to get less $ and Euro for their travels? Care to make a specific, calculated predictiond Mr F? Needs to be lower to boost the economy." | |||
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"It effects my work so need pound to strengthen but I reckon 1.10 realistic as uncertainty continues " It affects my life as well! | |||
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"I'm going $1.18 and €1.05 " As for end of July 2016, I'll go for USD 1.26 and EUR 1.14. | |||
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"With my shitty luck the pound will sink to buying only $1 I'm pretty certain I read that parity with the dollar is set to be on the cards. " | |||
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"It will continue to drop at a slower rate while the country is leaderless and no brexit plans are made. I predict it will start to gain around xmas and back to pre brexit levels in years time. Bad for savers good for those new trade deals that need to be made with the common wealth /pan asia markets. Added that the labour party may well divide, and that the tories are in leadership battles with an unelected PM at the end of it, i predict a general election will be early, possible later this year. Short term prognosis not good, medium term 2-5 years recovery, long term Sterling will be seen to rival the dollar as the trading standard. First the austerity project has to admit failure and give the population more cash to play with and get economies at local level kick started. All the cash is tied up in too few areas and a redistribution will have to happen. Mystic Meg out. " Buy dollars we have been for a while | |||
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"End of July - 1 USD : 0.7903 GBP money to be made at the moment " Everyone's predicted the £1.00 conversion so far, so if you could switch it around, it would give a fair chance for you | |||
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"End of July - 1 USD : 0.7903 GBP money to be made at the moment Everyone's predicted the £1.00 conversion so far, so if you could switch it around, it would give a fair chance for you " 1 GBP : 1.2653 USD First way is glass half full and the above is glass half empty | |||
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"Hopefully lower. You're wanting people to get less $ and Euro for their travels? Care to make a specific, calculated predictiond Mr F? Needs to be lower to boost the economy." We will always be a net importer , glad you want to make a rich few richer | |||
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"It will stay pretty much where it is for a while. It has been artificially high for a couple of years due to the weakness of the Euro and the dollar" This is not true ? A good and accurate exchange rate means goods and services cost similar amounts in differing counties At about 1 40 the euro buys on average the same amount of beer in Europe as it does in the UK At 160 the same is true of the dollar on average for food and clothes Where we are now there is huge discrepancy Its way out of kilter just as when the pound was at parity which did not seem to help the UK much as imports went up cars went up profits went down bye the recession bit hard | |||
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"It will stay pretty much where it is for a while. It has been artificially high for a couple of years due to the weakness of the Euro and the dollar This is not true ? A good and accurate exchange rate means goods and services cost similar amounts in differing counties At about 1 40 the euro buys on average the same amount of beer in Europe as it does in the UK At 160 the same is true of the dollar on average for food and clothes Where we are now there is huge discrepancy Its way out of kilter just as when the pound was at parity which did not seem to help the UK much as imports went up cars went up profits went down bye the recession bit hard " it is not way out of kilter at all, it is slightly low but not far from where it should be | |||
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"It will probably be slightly lower as when the interest rate cut comes (and it will) investers will sell the pounds they have for other currencies... so i'll guess $1.245" weren't you telling us just 3 weeks ago that a Brexit would mean a rise in interest rates and people wouldn't be able to pay their mortgages? | |||
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"Hopefully lower. You're wanting people to get less $ and Euro for their travels? Care to make a specific, calculated predictiond Mr F? Needs to be lower to boost the economy." that only tells half a story... well not even half.... it will help exporters..... and in theory it helps tourism as people coming here will get better value for money.... everything else..... erm... not so good... petrol and diesel and fuel prices in general will go up (they are traded in dollars) imported stuff will go up...everything from food fruit and veg, clothing, electronics such as computers, TV's, cars, ect..... your overseas holiday just went up..... fuel prices, plus accomodation and all the pressies you bring back....... | |||
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"Pound to Euro averages for years - 2009 - 1.12 2010 - 1.16 2011 - 1.15 2012 - 1.23 2013 - 1.17 2014 - 1.24 People either have short memories or cannot help themselves in their search for negativity over Brexit" Yes, we've been in a recession (so it's been very low anyway). Hardly anything to shout about. The against the dollar: 2007 - 2.05 2008 - 1.97 2009 - 1.63 2010 - 1.55 2011 - 1.54 2012 - 1.61 2013 - 1.61 2014 - 1.58 2015 - 1.51 2016 - 1.21 I agree that it's hard to tell at the moment until things stabilise but I'm afraid I don't see us being as competitive as we were before the last recession for a long, long time (perhaps ever). It's realism, not negativity. | |||
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"It will probably be slightly lower as when the interest rate cut comes (and it will) investers will sell the pounds they have for other currencies... so i'll guess $1.245 weren't you telling us just 3 weeks ago that a Brexit would mean a rise in interest rates and people wouldn't be able to pay their mortgages?" yes i did... because in theory the next move in interest rates should have been up to combat the rise in inflation which should come with a decrease in the pound.... however the BoE are going to try and Play it differently... interestingly different they are going to try and use interest rates to combat the losses of jobs and disincentivise business's from hoarding money away..... that is why osbourne has gotten rid of the 2020 surplus target and when the cut does come the exchange rate will suffer i can see what carney and the BoE are trying to do... trying to stop a recession coming by making it almost useless for anyone to save money.... so you may as well spend it! japan tried the same thing where there interest rate at one point for business's was 0%... and to other banks it was -.25%..... | |||
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"[Removed by poster at 07/07/16 20:28:06]" Why did you remove that? It was utterly pertinent! | |||
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"Pound to Euro averages for years - 2009 - 1.12 2010 - 1.16 2011 - 1.15 2012 - 1.23 2013 - 1.17 2014 - 1.24 People either have short memories or cannot help themselves in their search for negativity over Brexit Yes, we've been in a recession (so it's been very low anyway). Hardly anything to shout about. The against the dollar: 2007 - 2.05 2008 - 1.97 2009 - 1.63 2010 - 1.55 2011 - 1.54 2012 - 1.61 2013 - 1.61 2014 - 1.58 2015 - 1.51 2016 - 1.21 I agree that it's hard to tell at the moment until things stabilise but I'm afraid I don't see us being as competitive as we were before the last recession for a long, long time (perhaps ever). It's realism, not negativity." Jesus Christ. You're really going to make me cry here. | |||
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"Pound to Euro averages for years - 2009 - 1.12 2010 - 1.16 2011 - 1.15 2012 - 1.23 2013 - 1.17 2014 - 1.24 People either have short memories or cannot help themselves in their search for negativity over Brexit Yes, we've been in a recession (so it's been very low anyway). Hardly anything to shout about. The against the dollar: 2007 - 2.05 2008 - 1.97 2009 - 1.63 2010 - 1.55 2011 - 1.54 2012 - 1.61 2013 - 1.61 2014 - 1.58 2015 - 1.51 2016 - 1.21 I agree that it's hard to tell at the moment until things stabilise but I'm afraid I don't see us being as competitive as we were before the last recession for a long, long time (perhaps ever). It's realism, not negativity." depends what you mean by competitive | |||
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"Pound to Euro averages for years - 2009 - 1.12 2010 - 1.16 2011 - 1.15 2012 - 1.23 2013 - 1.17 2014 - 1.24 " Then look from its inception until 2008 , some people have very selective statistics xxx | |||
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"Pound to Euro averages for years - 2009 - 1.12 2010 - 1.16 2011 - 1.15 2012 - 1.23 2013 - 1.17 2014 - 1.24 People either have short memories or cannot help themselves in their search for negativity over Brexit" So yes it's been low whist in recession lol Nice to know France has taken the UKs financial position in the world | |||
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"Pound to Euro averages for years - 2009 - 1.12 2010 - 1.16 2011 - 1.15 2012 - 1.23 2013 - 1.17 2014 - 1.24 People either have short memories or cannot help themselves in their search for negativity over Brexit Yes, we've been in a recession (so it's been very low anyway). Hardly anything to shout about. The against the dollar: 2007 - 2.05 2008 - 1.97 2009 - 1.63 2010 - 1.55 2011 - 1.54 2012 - 1.61 2013 - 1.61 2014 - 1.58 2015 - 1.51 2016 - 1.21 I agree that it's hard to tell at the moment until things stabilise but I'm afraid I don't see us being as competitive as we were before the last recession for a long, long time (perhaps ever). It's realism, not negativity. depends what you mean by competitive" I think that word is only subjective to the fiscally irresponsible. While I know what you probably want it to mean, it certainly doesn't mean we should hold it's position in the depths of a recession as a high target. | |||
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"Pound to Euro averages for years - 2009 - 1.12 2010 - 1.16 2011 - 1.15 2012 - 1.23 2013 - 1.17 2014 - 1.24 Then look from its inception until 2008 , some people have very selective statistics xxx " I know, that was my point with regard to now | |||
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"Pound to Euro averages for years - 2009 - 1.12 2010 - 1.16 2011 - 1.15 2012 - 1.23 2013 - 1.17 2014 - People either have short memories or cannot help themselves in their search for negativity over Brexit" ahahaha you have to seei t with the dollar lol euro went down as well for brexit lol u genius brexit economists | |||
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"From the independent France overtakes Britain as world’s fifth largest economy as Brexit fears hit markets Pound falls against the euro, putting France ahead of Britain for first time since 2014" Actually it didn't say that at all. here is the link: http://www.independent.co.uk/news/business/news/eu-referendum-result-has-the-french-economy-really-overtaken-the-uk-in-size-since-last-night-a7101361.html What it says is that the UK GDP is still bigger than that of France and gives the reasons why. | |||
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"Thought we could just have a simple game, to predict the end of July rates. Someone's copied and pasted the bible, or something earlier on." I did too but now my thumbs have got arthritis, my eyes are sore and my tum feels queasy scrolling through that lot... A SIMPLE FUCKING LINK WOULD HAVE BEEN SUFFICIENT!! Anyways, $1.22 €1.04 | |||
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"Good to see all the forex knowledge on display as befits a nation with the worlds biggest centre of trade of foreign exchange. Enjoy the next 5 years as it relocates to Frankfurt and we lose the tax revenues." . Do your actually fucking know why London is the centre for financial dealings?. I'll give you a clue, its got fuck all to do with the euro, fuck all to do with the EU and fuck all to do with the Frankfurt... You said forex!!!.... Now think libor and maybe HSBC trading with terrorists, Mexican drug gangs, rehypothacation.... Unless Frankfurt is gonna lower it's standards.... Like alot. It's got fuck all chance of actually deposing London because London is the place to be if your totally fucking bent.... And that's most of the financial world! | |||
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"To stabilise the economy they have to increase tax to reduce inflation." . What fucking inflation... We've been trying for 7 fucking years to induce inflation along with every country in the western world including the ecb..... Why the fuck do you think there at NIRP?. It's not inflation that's the worry, it's deflation | |||
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"Looks like a downward slide http://www.thetimes.co.uk/article/falling-pound-is-world-s-weakest-major-currency-3m59nwt0l Still we've a way to go yet Zimbabwean dollar 1 usd = 643,371,437,695,221,000 Zimbabwean dollars " Oh dear .... 2 days late and quoting from the Times? the paper that campaigned for 'Remain' and is still pushing out the 'Project Fear' shit? Yes the Pound dropped after brexit vote. It has stayed at about £1.30 to the $ since. But what you sort of forgot to mention is that the FTSE and every other stock exchange rose hugely last week and are all up about 1.5% on the day again today. The FTSE itself is at an 11 month high and well above where it was on June 23rd... Still, keep banging your crap out it makes us laugh ... | |||
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"Looks like a downward slide http://www.thetimes.co.uk/article/falling-pound-is-world-s-weakest-major-currency-3m59nwt0l Still we've a way to go yet Zimbabwean dollar 1 usd = 643,371,437,695,221,000 Zimbabwean dollars Oh dear .... 2 days late and quoting from the Times? the paper that campaigned for 'Remain' and is still pushing out the 'Project Fear' shit? Yes the Pound dropped after brexit vote. It has stayed at about £1.30 to the $ since. But what you sort of forgot to mention is that the FTSE and every other stock exchange rose hugely last week and are all up about 1.5% on the day again today. The FTSE itself is at an 11 month high and well above where it was on June 23rd... Still, keep banging your crap out it makes us laugh ..." Good Tha you can laugh in the face of adversity ..but less is still less pound down in pre brexit pound worst major currency ..still Nero fiddled whilst Rome burned ..maybe it works for you .. | |||
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"Looks like a downward slide http://www.thetimes.co.uk/article/falling-pound-is-world-s-weakest-major-currency-3m59nwt0l Still we've a way to go yet Zimbabwean dollar 1 usd = 643,371,437,695,221,000 Zimbabwean dollars Oh dear .... 2 days late and quoting from the Times? the paper that campaigned for 'Remain' and is still pushing out the 'Project Fear' shit? Yes the Pound dropped after brexit vote. It has stayed at about £1.30 to the $ since. But what you sort of forgot to mention is that the FTSE and every other stock exchange rose hugely last week and are all up about 1.5% on the day again today. The FTSE itself is at an 11 month high and well above where it was on June 23rd... Still, keep banging your crap out it makes us laugh ... Good Tha you can laugh in the face of adversity ..but less is still less pound down in pre brexit pound worst major currency ..still Nero fiddled whilst Rome burned ..maybe it works for you .." I've never been to Rome but I hear its quite nice. | |||
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"The FTSE itself is at an 11 month high and well above where it was on June 23rd..." Because the Bank of England are rumoured to be cutting interest rates. Not because everyone's suddenly decided Brexit is awesome. | |||
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"Being objective how is the Ftse 250 doing since the vote to leave?" It is about where it was on the 15th June (pre brexit), 600 higher than it was in February, 400 higher than it was in January, 1100 lower than it was in December 2015 and about the same as it was in September 2015. It is up 2.62% on the day at 16177.75 against a 52 week low of 14967.86. Oh and the FTSE350 is up 1.24% on the day and just shy of its 52 week high. http://www.bbc.co.uk/news/business/markets/europe/lse_ukx I do like some objectivity ... | |||
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"The FTSE itself is at an 11 month high and well above where it was on June 23rd... Because the Bank of England are rumoured to be cutting interest rates. Not because everyone's suddenly decided Brexit is awesome." Interest rates affect the Bond and currency markets far more .... | |||
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"Looks like a downward slide http://www.thetimes.co.uk/article/falling-pound-is-world-s-weakest-major-currency-3m59nwt0l Still we've a way to go yet Zimbabwean dollar 1 usd = 643,371,437,695,221,000 Zimbabwean dollars Oh dear .... 2 days late and quoting from the Times? the paper that campaigned for 'Remain' and is still pushing out the 'Project Fear' shit? Yes the Pound dropped after brexit vote. It has stayed at about £1.30 to the $ since. But what you sort of forgot to mention is that the FTSE and every other stock exchange rose hugely last week and are all up about 1.5% on the day again today. The FTSE itself is at an 11 month high and well above where it was on June 23rd... Still, keep banging your crap out it makes us laugh ... Good Tha you can laugh in the face of adversity ..but less is still less pound down in pre brexit pound worst major currency ..still Nero fiddled whilst Rome burned ..maybe it works for you .. I've never been to Rome but I hear its quite nice." Me neither rumoured to be expensive by family members that have been | |||
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"The FTSE itself is at an 11 month high and well above where it was on June 23rd... Because the Bank of England are rumoured to be cutting interest rates. Not because everyone's suddenly decided Brexit is awesome. Interest rates affect the Bond and currency markets far more ...." Wont we get a lower pound if interest rate drops? | |||
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"The FTSE itself is at an 11 month high and well above where it was on June 23rd... Because the Bank of England are rumoured to be cutting interest rates. Not because everyone's suddenly decided Brexit is awesome." . I belive they call it liquidity in the banking sector?. Deutsch bank won't have long left in it. You think the pounds getting hammering, watch their shares! | |||
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"Said it after the vote there are no remainer's and no leavers. There is just the now and the future for the UK in whatever form that will be outside of the Eu.." This... | |||
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"Said it after the vote there are no remainer's and no leavers. There is just the now and the future for the UK in whatever form that will be outside of the Eu.." In other words we are all Leavers. Let's make the best of it | |||
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"The FTSE itself is at an 11 month high and well above where it was on June 23rd... " the reason why this is is a fairly quirky one.... 70% of the FTSE 100 actually do all their accounting in Dollars..... and then for the purposes of reporting then gets turned into pound sterling... so when the pound loses strength against the dollar... it is basically akin to an instant profits boost..... | |||
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"Mr Kaeser said new trade barriers could make it uneconomical to export the blades to Denmark and Germany So brexit could still affect their business ..best hope Mrs may sorts out a Norway type deal for the UK then .to follow brexit ..." Its not Brexit that will cause trade barriers it will be the stupidity of the EU. For which it is renowned mind... but then about 175,000 German car workers will also be laid off as a result... A German company is seeing the folly of trade barriers just as the head of German trade industry said weeks ago. And Mrs Merkel knows only too well. | |||
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"More bad news for the Remainers predicting doom and gloom. Siemens have rowed back on their pre-Referendum statements and will continue investing in the UK. http://www.bbc.co.uk/news/business-36771595" another report on remainers who cant accept the outcome . https://www.youtube.com/watch?v=Bn_6sU7O43w&app=desktop . . | |||
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"As the pound continues to RISE today, what's the latest on the news front" All good on the news front http://www.cityam.com/245198/investor-confidence-index-drops-four-year-low-after-brexit | |||
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"As the pound continues to RISE today, what's the latest on the news front All good on the news front http://www.cityam.com/245198/investor-confidence-index-drops-four-year-low-after-brexit" Quote: "But he cautioned against “assigning too much significance to one month’s survey data, particularly so close to the EU referendum”. Hargreaves Lansdown surveyed 190 retail investors on 30 June for the index." Wow so 190 people represent the whole country? That is like the '90% of Economists' story when it was actually 1.1% of those asked. Stock exchanges on the up and FTSE at 11 month high. The Pound moving up. Government debt in great demand showing low 'yield'. House builders stock more than recovered from earlier hits. Countries lining up for Trade Deals. New PM making all the right noises after a very swift change of PM (makes the USA look archaic) I will follow where the money is going rather than one report about 190 people who are probably trying to 'make a market'.... | |||
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"As the pound continues to RISE today, what's the latest on the news front All good on the news front http://www.cityam.com/245198/investor-confidence-index-drops-four-year-low-after-brexit Quote: "But he cautioned against “assigning too much significance to one month’s survey data, particularly so close to the EU referendum”. Hargreaves Lansdown surveyed 190 retail investors on 30 June for the index." Wow so 190 people represent the whole country? That is like the '90% of Economists' story when it was actually 1.1% of those asked. Stock exchanges on the up and FTSE at 11 month high. The Pound moving up. Government debt in great demand showing low 'yield'. House builders stock more than recovered from earlier hits. Countries lining up for Trade Deals. New PM making all the right noises after a very swift change of PM (makes the USA look archaic) I will follow where the money is going rather than one report about 190 people who are probably trying to 'make a market'...." Still believing what you want to believe think you are cherry-picking.. | |||
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"As the pound continues to RISE today, what's the latest on the news front All good on the news front http://www.cityam.com/245198/investor-confidence-index-drops-four-year-low-after-brexit Quote: "But he cautioned against “assigning too much significance to one month’s survey data, particularly so close to the EU referendum”. Hargreaves Lansdown surveyed 190 retail investors on 30 June for the index." Wow so 190 people represent the whole country? That is like the '90% of Economists' story when it was actually 1.1% of those asked. Stock exchanges on the up and FTSE at 11 month high. The Pound moving up. Government debt in great demand showing low 'yield'. House builders stock more than recovered from earlier hits. Countries lining up for Trade Deals. New PM making all the right noises after a very swift change of PM (makes the USA look archaic) I will follow where the money is going rather than one report about 190 people who are probably trying to 'make a market'.... Still believing what you want to believe think you are cherry-picking.." In which case I have a basket full of cherries ... Oh wait .. another cherry: No interest cut deemed necessary by the B of E and the Pound rose substantially ... Pips anyone? | |||
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"Oh dear. Still moving back up guys " Stop cherry picking ... | |||
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"It will stay pretty much where it is for a while. It has been artificially high for a couple of years due to the weakness of the Euro and the dollar" this was my post at the start of the month when it was $1.30 and €1.17. Today, end of the month it is $1.32 and €1.18. Happy to help on exchange rate matters | |||
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"trump gets in the doller will collapse" | |||
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