English Pound set to Rocket
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Re: English Pound set to Rocket
No doubt, but usually such market moves are based on inside information.
I suspect that someone, not remotely connected to a Hedge Fund will make a lot of money, while the cannon fodder that voted for Brexit will lose.
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Re: English Pound set to Rocket
Entirely agree. Moggsy will be one of them and I bet he will be gambling on a deal of some sort as well.
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Re: English Pound set to Rocket
Up to 1.32 against the dollar. Pretty slow rocket, as rockets go.
Yeah well that's just, like, your opinion, man.
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Re: English Pound set to Rocket
And looking at the bigger picture the pound has done nothing since it tanked between December 2015 and September 2016. The most precipitous drop occurred in the fortnight following the brexit referendum. Compared to that, it has pretty much remained stationary against the Euro ever since.
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Re: English Pound set to Rocket
With gearing, hedge funds can make a great deal of money on a relatively small movement. Of course when you're betting with someone else's money, there is no risk on the downside, but you can pay yourself a hefty bonus it it goes the 'right' way.
A zero sum game, so whatever they gain somebody else will lose.
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Re: English Pound set to Rocket
nice drop, a little effort and my euro will be worth more than it's number in pounds...
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Re: English Pound set to Rocket
Well, it's up from 1.103 three months ago. The lowest point since the massive drop during the days following the Brexit referendum in July 2016 was 1.079 late in August 2017 and the highest 1.197 in April of the same year. So, not really much of a range.
ETA: I can't see any rocketing in either direction between the fallout from the referendum and now.
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Re: English Pound set to Rocket
It's funny, you can pinpoint the exact moment the Lib Dems left government...Hermit wrote: ↑Sat Mar 02, 2019 2:39 amAnd looking at the bigger picture the pound has done nothing since it tanked between December 2015 and September 2016. The most precipitous drop occurred in the fortnight following the brexit referendum. Compared to that, it has pretty much remained stationary against the Euro ever since.
Screenshot from 2019-03-02 13-06-17.png
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Re: English Pound set to Rocket
7th of May 2015?Strontium Dog wrote: ↑Fri Mar 15, 2019 1:55 amIt's funny, you can pinpoint the exact moment the Lib Dems left government...Hermit wrote: ↑Sat Mar 02, 2019 2:39 amAnd looking at the bigger picture the pound has done nothing since it tanked between December 2015 and September 2016. The most precipitous drop occurred in the fortnight following the brexit referendum. Compared to that, it has pretty much remained stationary against the Euro ever since.
Screenshot from 2019-03-02 13-06-17.png
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Re: English Pound set to Rocket
Ah, cherry-picking of data, that never gets old.
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"I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue!" - Barry Goldwater
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Re: English Pound set to Rocket
Let's see now. You quoted the screenshot of the British pound/euro exchange rate and wrote "you can pinpoint the exact moment the Lib Dems left government..." The exact moment the Lib Dems left government is outside the range of that screenshot, so I looked it up and posted another screenshot, which does pinpoint the exact moment the Lib Dems left government, plus the two days on either side of it. You have a definition of either "cherry-picking" or of "pinpoint the exact moment" or both that I am not familiar with, and I doubt that anyone else is either.
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Re: English Pound set to Rocket
The ref is counting that as a major take-down - Hermit is ahead on points...
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Re: English Pound set to Rocket
The screenshot I was quoting goes back to May 2014, the Lib Dems left government in May 2015, so, no, it wasn't outside the range.Hermit wrote: ↑Fri Mar 15, 2019 11:45 pmLet's see now. You quoted the screenshot of the British pound/euro exchange rate and wrote "you can pinpoint the exact moment the Lib Dems left government..." The exact moment the Lib Dems left government is outside the range of that screenshot, so I looked it up and posted another screenshot, which does pinpoint the exact moment the Lib Dems left government, plus the two days on either side of it. You have a definition of either "cherry-picking" or of "pinpoint the exact moment" or both that I am not familiar with, and I doubt that anyone else is either.
You then picked a week of data around the election where the pound fluctuated around 1.35-1.38, which obviously does not show the longer-term effects of the Lib Dems exiting government. A better indication of this is the fact the exchange rate was around 1.10 a mere 18 months after the Lib Dems left government. Of course, when the Lib Dems went into coalition, the rate was also a lot lower at 1.16, which is what it hovers around today.
100% verifiable facts or your money back. Anti-fascist. Enemy of woo - theistic or otherwise. Cloth is not an antiviral. Imagination and fantasy is no substitute for tangible reality. Wishing doesn't make it real.
"If liberty means anything at all, it means the right to tell people what they do not want to hear" - George Orwell
"I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue!" - Barry Goldwater
"If liberty means anything at all, it means the right to tell people what they do not want to hear" - George Orwell
"I would remind you that extremism in the defense of liberty is no vice! And let me remind you also that moderation in the pursuit of justice is no virtue!" - Barry Goldwater
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