English Pound set to Rocket
- rainbow
- Posts: 13544
- Joined: Fri Jun 08, 2012 8:10 am
- About me: Egal wie dicht du bist, Goethe war Dichter
- Location: Africa
- Contact:
English Pound set to Rocket
...so I heard that some hedge funds are betting on an improvement in Sterling.
Do they know something, or are they just taking a punt with other people's money?
Do they know something, or are they just taking a punt with other people's money?
I call bullshit - Alfred E Einstein
BArF−4
BArF−4
- Rum
- Absent Minded Processor
- Posts: 37285
- Joined: Wed Mar 11, 2009 9:25 pm
- Location: South of the border..though not down Mexico way..
- Contact:
Re: English Pound set to Rocket
The consensus seems to be that when we leave, depending on the final deal, our GDP might drop by as much as 8% - a recession in fact.
Unless this guy knows something the rest of us don't it is hard to see how the Pound is going to benefit from the shitstorm that will envelop the country after we leave.
Unless this guy knows something the rest of us don't it is hard to see how the Pound is going to benefit from the shitstorm that will envelop the country after we leave.
- Brian Peacock
- Tipping cows since 1946
- Posts: 38180
- Joined: Thu Mar 05, 2009 11:44 am
- About me: Ablate me:
- Location: Location: Location:
- Contact:
Re: English Pound set to Rocket
They're betting on a bit of a post-Brexit investor scrummage - medical insurers, agricultural chemicals, nuclear waste, outsourcing infrastructure to China, you know the sort of thing.
Rationalia relies on voluntary donations. There is no obligation of course, but if you value this place and want to see it continue please consider making a small donation towards the forum's running costs.
Details on how to do that can be found here.
.
"It isn't necessary to imagine the world ending in fire or ice.
There are two other possibilities: one is paperwork, and the other is nostalgia."
Frank Zappa
"This is how humanity ends; bickering over the irrelevant."
Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
.
Details on how to do that can be found here.
.
"It isn't necessary to imagine the world ending in fire or ice.
There are two other possibilities: one is paperwork, and the other is nostalgia."
Frank Zappa
"This is how humanity ends; bickering over the irrelevant."
Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
- rainbow
- Posts: 13544
- Joined: Fri Jun 08, 2012 8:10 am
- About me: Egal wie dicht du bist, Goethe war Dichter
- Location: Africa
- Contact:
Re: English Pound set to Rocket
https://www.bloomberg.com/opinion/artic ... ey-see-oneOdey said that he has turned bullish on sterling. He reckons it could rise to $1.32 or $1.35, from about $1.28 today, because he thinks Brexit will be scrapped entirely.
https://www.ft.com/content/f73264f6-159 ... f78404524eUK gilts market shows investors are bracing for pound sell-off
Inflation-linked government bonds suggest markets anticipate chaotic EU exit
I call bullshit - Alfred E Einstein
BArF−4
BArF−4
- rainbow
- Posts: 13544
- Joined: Fri Jun 08, 2012 8:10 am
- About me: Egal wie dicht du bist, Goethe war Dichter
- Location: Africa
- Contact:
Re: English Pound set to Rocket
https://www.exchangerates.org.uk/news/2 ... stage.htmlPound To Euro Exchange Rates Close To 2019 Best Ahead Of The Brexit Vote
It appears that the prospect of the government falling is good for the Pound.
Strange
I call bullshit - Alfred E Einstein
BArF−4
BArF−4
- Scot Dutchy
- Posts: 19000
- Joined: Tue Feb 23, 2010 2:07 pm
- About me: Dijkbeschermer
- Location: 's-Gravenhage, Nederland
- Contact:
Re: English Pound set to Rocket
What is wrong with the British Pound or has Scotland gone independent?
"Wat is het een gezellig boel hier".
- Scot Dutchy
- Posts: 19000
- Joined: Tue Feb 23, 2010 2:07 pm
- About me: Dijkbeschermer
- Location: 's-Gravenhage, Nederland
- Contact:
- rainbow
- Posts: 13544
- Joined: Fri Jun 08, 2012 8:10 am
- About me: Egal wie dicht du bist, Goethe war Dichter
- Location: Africa
- Contact:
Re: English Pound set to Rocket
I once had a Scottish Pound, but nobody in England would accept it. Weird country.Scot Dutchy wrote: ↑Tue Jan 15, 2019 12:10 pmWhat is wrong with the British Pound or has Scotland gone independent?
I call bullshit - Alfred E Einstein
BArF−4
BArF−4
- Scot Dutchy
- Posts: 19000
- Joined: Tue Feb 23, 2010 2:07 pm
- About me: Dijkbeschermer
- Location: 's-Gravenhage, Nederland
- Contact:
Re: English Pound set to Rocket
When I was a kid a Scottish pound was worth 19/6 in England. Six pence was bank charges for changing it. We had so many small banks and all different sizes of notes. They were not legal tender. I forget the correct legal term.rainbow wrote: ↑Tue Jan 15, 2019 1:45 pmI once had a Scottish Pound, but nobody in England would accept it. Weird country.Scot Dutchy wrote: ↑Tue Jan 15, 2019 12:10 pmWhat is wrong with the British Pound or has Scotland gone independent?
"Wat is het een gezellig boel hier".
- Svartalf
- Offensive Grail Keeper
- Posts: 40421
- Joined: Wed Feb 24, 2010 12:42 pm
- Location: Paris France
- Contact:
Re: English Pound set to Rocket
what's the point of letting certain banks print money if it's not legal tender?
Embrace the Darkness, it needs a hug
PC stands for "Patronizing Cocksucker" Randy Ping
PC stands for "Patronizing Cocksucker" Randy Ping
- Scot Dutchy
- Posts: 19000
- Joined: Tue Feb 23, 2010 2:07 pm
- About me: Dijkbeschermer
- Location: 's-Gravenhage, Nederland
- Contact:
Re: English Pound set to Rocket
It was an agreement. They were a type of bond. It is in the wording on the bank notes.
This will clear it up: Legal Position
Weird but true.
"Wat is het een gezellig boel hier".
- BarnettNewman
- extemporaneous
- Posts: 552
- Joined: Sat Feb 27, 2010 3:29 am
- Contact:
Re: English Pound set to Rocket
UK was starting to climb out of the hole when the Brexit trigger was pulled.
- Scot Dutchy
- Posts: 19000
- Joined: Tue Feb 23, 2010 2:07 pm
- About me: Dijkbeschermer
- Location: 's-Gravenhage, Nederland
- Contact:
Re: English Pound set to Rocket
It actually went up tonight after the vote. A business BBC correspondent said the business world does not know how to react. Who does?
"Wat is het een gezellig boel hier".
- JimC
- The sentimental bloke
- Posts: 73206
- Joined: Thu Feb 26, 2009 7:58 am
- About me: To be serious about gin requires years of dedicated research.
- Location: Melbourne, Australia
- Contact:
Re: English Pound set to Rocket
Rocket is too bitter for me...
Nurse, where the fuck's my cardigan?
And my gin!
And my gin!
Who is online
Users browsing this forum: No registered users and 31 guests