Brian Kirby Posted December 6, 2019 Share Posted December 6, 2019 pelmetman - 2019-12-05 8:57 PM "Tory poll lead powers pound to 31-month high against euro Predictions of victory for Conservatives raise City hopes of end to Brexit uncertainty" https://www.theguardian.com/business/2019/dec/05/pound-euro-high-traders-conservatives-tories Even the Losers bible accepts a Tory win would be good for the economy (lol) (lol) (lol) ......... Sterling is not the economy, its value continually fluctuates against other currencies based on interest rates, government borrowing requirements, and foreign interpretation of government fiscal policy. If it rises it is good for currency speculators and UK citizens taking foreign holidays, but not so good for UK exporters. If it falls it is not good for currency speculators and UK citizens taking foreign holidays, but good for UK exporters. What it tells us is what Johnny Foreigner thinks about the future prospects for the UK economy - but not what the economy is actually doing at the time. In 2007, before the financial crash, £/€ was about 1.47, in 2015, before the referendum, it was more volatile, fluctuating between 1.27 and 1.42, for most of 2019 it has been hovering around 1.12. Go figure! :-D Link to comment Share on other sites More sharing options...
Birdbrain Posted December 6, 2019 Share Posted December 6, 2019 Brian Kirby - 2019-12-06 6:14 PM pelmetman - 2019-12-05 8:57 PM "Tory poll lead powers pound to 31-month high against euro Predictions of victory for Conservatives raise City hopes of end to Brexit uncertainty" https://www.theguardian.com/business/2019/dec/05/pound-euro-high-traders-conservatives-tories Even the Losers bible accepts a Tory win would be good for the economy (lol) (lol) (lol) ......... Sterling is not the economy, its value continually fluctuates against other currencies based on interest rates, government borrowing requirements, and foreign interpretation of government fiscal policy. If it rises it is good for currency speculators and UK citizens taking foreign holidays, but not so good for UK exporters. If it falls it is not good for currency speculators and UK citizens taking foreign holidays, but good for UK exporters. What it tells us is what Johnny Foreigner thinks about the future prospects for the UK economy - but not what the economy is actually doing at the time. In 2007, before the financial crash, £/€ was about 1.47, in 2015, before the referendum, it was more volatile, fluctuating between 1.27 and 1.42, for most of 2019 it has been hovering around 1.12. Go figure! :-D Euro against the Dollar princess ??? Link to comment Share on other sites More sharing options...
John52 Posted December 7, 2019 Share Posted December 7, 2019 *-) For the umpteenth time Brexit is bad for the Euro too - though obviously not as bad as it is for the pound because the EU has 27 countries to absorb the damage instead of one. Anything that restricts free trade like Brexit is obviously bad for business - so there will be a cost somewhere Link to comment Share on other sites More sharing options...
Guest pelmetman Posted December 7, 2019 Share Posted December 7, 2019 John52 - 2019-12-07 9:55 AM *-) For the umpteenth time Brexit is bad for the Euro too - though obviously not as bad as it is for the pound because the EU has 27 countries to absorb the damage instead of one. Anything that restricts free trade like Brexit is obviously bad for business - so there will be a cost somewhere So finally you admit they need us more than we need them (lol) (lol) (lol) ......... BTW how many of the remaining 27 are NET CONTRIBUTORS TO THE EU COFFERS? >:-) ......... Once they lose our BILLION + a MONTH you'll see the Euro plummet 8-) .......... Link to comment Share on other sites More sharing options...
John52 Posted December 7, 2019 Share Posted December 7, 2019 pelmetman - 2019-12-07 10:41 AM So finally you admit they need us more than we need them (lol) (lol) (lol) ......... .... By what Mad Hatter Baldrick logic did you work that one out *-) Link to comment Share on other sites More sharing options...
Brian Kirby Posted December 7, 2019 Share Posted December 7, 2019 Birdbrain - 2019-12-06 6:21 PM Brian Kirby - 2019-12-06 6:14 PM pelmetman - 2019-12-05 8:57 PM "Tory poll lead powers pound to 31-month high against euro Predictions of victory for Conservatives raise City hopes of end to Brexit uncertainty" https://www.theguardian.com/business/2019/dec/05/pound-euro-high-traders-conservatives-tories Even the Losers bible accepts a Tory win would be good for the economy (lol) (lol) (lol) ......... Sterling is not the economy, its value continually fluctuates against other currencies based on interest rates, government borrowing requirements, and foreign interpretation of government fiscal policy. If it rises it is good for currency speculators and UK citizens taking foreign holidays, but not so good for UK exporters. If it falls it is not good for currency speculators and UK citizens taking foreign holidays, but good for UK exporters. What it tells us is what Johnny Foreigner thinks about the future prospects for the UK economy - but not what the economy is actually doing at the time. In 2007, before the financial crash, £/€ was about 1.47, in 2015, before the referendum, it was more volatile, fluctuating between 1.27 and 1.42, for most of 2019 it has been hovering around 1.12. Go figure! :-D Euro against the Dollar princess ??? Answer's on the Bank of England web-site if you want it, also Yen, Renminbe, etc, etc. Why the $, and why ask me? Take the same years - and go compare! Link to comment Share on other sites More sharing options...
Bulletguy Posted December 7, 2019 Share Posted December 7, 2019 John52 - 2019-12-07 11:25 AM pelmetman - 2019-12-07 10:41 AM So finally you admit they need us more than we need them (lol) (lol) (lol) ......... .... By what Mad Hatter Baldrick logic did you work that one out *-) The same "logic" as some of this lot of Little Englanders in Spain applied who believed they were so important....they shot themselves in the foot. https://tinyurl.com/ukqbasp Link to comment Share on other sites More sharing options...
Guest pelmetman Posted December 7, 2019 Share Posted December 7, 2019 Bulletguy - 2019-12-07 2:13 PM John52 - 2019-12-07 11:25 AM pelmetman - 2019-12-07 10:41 AM So finally you admit they need us more than we need them (lol) (lol) (lol) ......... .... By what Mad Hatter Baldrick logic did you work that one out *-) The same "logic" as some of this lot of Little Englanders in Spain applied who believed they were so important....they shot themselves in the foot. https://tinyurl.com/ukqbasp https://www.dailymail.co.uk/news/article-7766633/Support-Scottish-independence-PLUMMETS-44-new-poll-suggests.html Looks to me like even the Scots realize who butters their Barnett Loaf :D ........... Link to comment Share on other sites More sharing options...
Bulletguy Posted December 7, 2019 Share Posted December 7, 2019 pelmetman - 2019-12-07 2:17 PM Bulletguy - 2019-12-07 2:13 PM John52 - 2019-12-07 11:25 AM pelmetman - 2019-12-07 10:41 AM So finally you admit they need us more than we need them (lol) (lol) (lol) ......... .... By what Mad Hatter Baldrick logic did you work that one out *-) The same "logic" as some of this lot of Little Englanders in Spain applied who believed they were so important....they shot themselves in the foot. https://tinyurl.com/ukqbasp https://www.dailymail.co.uk/news/article-7766633/Support-Scottish-independence-PLUMMETS-44-new-poll-suggests.html Looks to me like even the Scots realize who butters their Barnett Loaf :D ........... If you read the links you post instead of going off screechy headers you'd see the margin has actually narrowed so hardly a "plummet". The "yes" to independence has actually increased by 5% whilst the "no" has decreased by 5%. So overall the 2% margin between yes/no is way narrower than what it was five years ago. Ironic coming from you cock-a-hoop with glee over a marginal "win" of 3.78% despite the lies, deceit and corrupt activities to subvert democracy everyone now knows much more about. Sturgeon wouldn't need to stoop to such dubious activity. Quite why you posted that in response to my post i've no idea as it bears no relevance at all.....just deflection again as usual. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted December 9, 2019 Share Posted December 9, 2019 - Poll shows 14 point lead for Conservatives - Odds for Con. majority surge to 80% - Sterling rally extends - Late Labour surge looking increasingly unlikely The British Pound hit a fresh 31-month high against the Euro Monday after two polls showed gains for the Conservative Party and losses for Labour, confirming expectations that the party of Prime Minister Boris Johnson remains on track to secure a majority. A BMG poll for the Independent showed the Conservatives up two points to 41% and Labour down 1 point to 32%. A poll out from Survation for ITV's Good Morning Britain show had the Conservatives up 2 points to 45% and Labour down 2 points to 31%. Any lead of over 7 points suggests an outright majority, while a lead of 14 points would signify something close to a landslide. https://www.poundsterlinglive.com/gbp-live-today/12513-pound-to-euro-and-dollar-survation-poll B-) ................. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted December 9, 2019 Share Posted December 9, 2019 "Election: Pound hits highest level since April as Boris Johnson holds polling lead" https://www.ft.com/content/26ea7b91-aad6-39f9-acbf-c8b1f83584a8 Can anyone guess what'll happen to the pound if Corbyn gets in? 8-) ......... Link to comment Share on other sites More sharing options...
Guest pelmetman Posted December 9, 2019 Share Posted December 9, 2019 "Britain will be well positioned to carve out a global niche as a good location for business — irrespective of its future trading relationship with the EU." https://www.politico.eu/article/brexit-britain-finest-hour-united-kingdom-remain-eu/ Cool Britannia sails again B-) ......... Link to comment Share on other sites More sharing options...
John52 Posted December 10, 2019 Share Posted December 10, 2019 Its not as simple as that. Listen to the people who set the exchange rate by trading the currency... For instance a Tory majority would be better than what we have now in one way - They would no longer have to bribe the DUP with our money to buy votes. https://www.theguardian.com/business/2019/dec/09/will-the-pound-go-up-in-value-if-labour-wins-the-general-election Link to comment Share on other sites More sharing options...
Guest pelmetman Posted December 10, 2019 Share Posted December 10, 2019 John52 - 2019-12-10 7:36 AM Its not as simple as that. Listen to the people who set the exchange rate by trading the currency... For instance a Tory majority would be better than what we have now in one way - They would no longer have to bribe the DUP with our money to buy votes. https://www.theguardian.com/business/2019/dec/09/will-the-pound-go-up-in-value-if-labour-wins-the-general-election Yes it is ;-) ..............If Corbyn gets in the economy will go down the pan, and we WILL ENTER A DEEP RECESSION 8-) ............ Link to comment Share on other sites More sharing options...
John52 Posted December 10, 2019 Share Posted December 10, 2019 pelmetman - 2019-12-10 7:40 AM John52 - 2019-12-10 7:36 AM Its not as simple as that. Listen to the people who set the exchange rate by trading the currency... For instance a Tory majority would be better than what we have now in one way - They would no longer have to bribe the DUP with our money to buy votes. https://www.theguardian.com/business/2019/dec/09/will-the-pound-go-up-in-value-if-labour-wins-the-general-election Yes it is ;-) ..............If Corbyn gets in the economy will go down the pan, and we WILL ENTER A DEEP RECESSION 8-) ............ If you read the link you would see the pros and cons of JC getting in power. (I'm not impressed with JC's electioneering promise to borrow £49 billion to give to the Waspi women - which will only increase the biggest injustice of men having to work 5 years longer than women - despite averaging shorter lives - and leaving future generations to pay it back when their own pensions will be even worse. ) But I've given up the hope of you educating yourself so I'll try something simpler Is JC the only other one on the ballot paper? Link to comment Share on other sites More sharing options...
Bulletguy Posted December 10, 2019 Share Posted December 10, 2019 pelmetman - 2019-12-10 7:40 AM John52 - 2019-12-10 7:36 AM Its not as simple as that. Listen to the people who set the exchange rate by trading the currency... For instance a Tory majority would be better than what we have now in one way - They would no longer have to bribe the DUP with our money to buy votes. https://www.theguardian.com/business/2019/dec/09/will-the-pound-go-up-in-value-if-labour-wins-the-general-election Yes it is ;-) ..............If Corbyn gets in the economy will go down the pan, and we WILL ENTER A DEEP RECESSION 8-) ............ Another Potty Pelmet Prediction. Remember folks....this is where you heard this nugget of nonsense first, from the Mad Hatter stargazer. Link to comment Share on other sites More sharing options...
Barryd999 Posted December 10, 2019 Share Posted December 10, 2019 What sort of Ingeeerland supporter drinks Fosters FFS? Blergh :( Link to comment Share on other sites More sharing options...
Brian Kirby Posted December 10, 2019 Share Posted December 10, 2019 pelmetman - 2019-12-10 7:40 AM John52 - 2019-12-10 7:36 AM Its not as simple as that. Listen to the people who set the exchange rate by trading the currency... For instance a Tory majority would be better than what we have now in one way - They would no longer have to bribe the DUP with our money to buy votes. https://www.theguardian.com/business/2019/dec/09/will-the-pound-go-up-in-value-if-labour-wins-the-general-election Yes it is ;-) ..............If Corbyn gets in the economy will go down the pan, and we WILL ENTER A DEEP RECESSION 8-) ............ Says who, exactly? Link to comment Share on other sites More sharing options...
malc d Posted December 10, 2019 Share Posted December 10, 2019 Brian Kirby - 2019-12-10 1:22 PM pelmetman - 2019-12-10 7:40 AM John52 - 2019-12-10 7:36 AM Its not as simple as that. Listen to the people who set the exchange rate by trading the currency... For instance a Tory majority would be better than what we have now in one way - They would no longer have to bribe the DUP with our money to buy votes. https://www.theguardian.com/business/2019/dec/09/will-the-pound-go-up-in-value-if-labour-wins-the-general-election Yes it is ;-) ..............If Corbyn gets in the economy will go down the pan, and we WILL ENTER A DEEP RECESSION 8-) ............ Says who, exactly? Dave did. AND - he put it in capital letters, so it must be true. ;-) Link to comment Share on other sites More sharing options...
Brian Kirby Posted December 10, 2019 Share Posted December 10, 2019 malc d - 2019-12-10 1:47 PM Brian Kirby - 2019-12-10 1:22 PM pelmetman - 2019-12-10 7:40 AM John52 - 2019-12-10 7:36 AM Its not as simple as that. Listen to the people who set the exchange rate by trading the currency... For instance a Tory majority would be better than what we have now in one way - They would no longer have to bribe the DUP with our money to buy votes. https://www.theguardian.com/business/2019/dec/09/will-the-pound-go-up-in-value-if-labour-wins-the-general-election Yes it is ;-) ..............If Corbyn gets in the economy will go down the pan, and we WILL ENTER A DEEP RECESSION 8-) ............ Says who, exactly? Dave did. AND - he put it in capital letters, so it must be true. ;-) Indisputably! :-D Link to comment Share on other sites More sharing options...
Bulletguy Posted December 10, 2019 Share Posted December 10, 2019 malc d - 2019-12-10 1:47 PM Brian Kirby - 2019-12-10 1:22 PM pelmetman - 2019-12-10 7:40 AM John52 - 2019-12-10 7:36 AM Its not as simple as that. Listen to the people who set the exchange rate by trading the currency... For instance a Tory majority would be better than what we have now in one way - They would no longer have to bribe the DUP with our money to buy votes. https://www.theguardian.com/business/2019/dec/09/will-the-pound-go-up-in-value-if-labour-wins-the-general-election Yes it is ;-) ..............If Corbyn gets in the economy will go down the pan, and we WILL ENTER A DEEP RECESSION 8-) ............ Says who, exactly? Dave did. AND - he put it in capital letters, so it must be true. ;-) :D :D Link to comment Share on other sites More sharing options...
Fast Pat Posted December 10, 2019 Share Posted December 10, 2019 But, but Germany...... https://www.theguardian.com/business/2019/dec/10/uk-economy-general-election-gdp-figures-october Link to comment Share on other sites More sharing options...
Guest pelmetman Posted December 11, 2019 Share Posted December 11, 2019 Fast Pat - 2019-12-10 5:35 PM But, but Germany...... https://www.theguardian.com/business/2019/dec/10/uk-economy-general-election-gdp-figures-october So even after 3 years of Dither & Delay the Great British economy has refused to enter recession B-) ....... How that must annoy you LOSERS >:-) ............ Vote Boris and get the Brexit Bounce Bonus B-) ........... Link to comment Share on other sites More sharing options...
Guest pelmetman Posted December 11, 2019 Share Posted December 11, 2019 Brian Kirby - 2019-12-10 4:20 PM malc d - 2019-12-10 1:47 PM Brian Kirby - 2019-12-10 1:22 PM pelmetman - 2019-12-10 7:40 AM John52 - 2019-12-10 7:36 AM Its not as simple as that. Listen to the people who set the exchange rate by trading the currency... For instance a Tory majority would be better than what we have now in one way - They would no longer have to bribe the DUP with our money to buy votes. https://www.theguardian.com/business/2019/dec/09/will-the-pound-go-up-in-value-if-labour-wins-the-general-election Yes it is ;-) ..............If Corbyn gets in the economy will go down the pan, and we WILL ENTER A DEEP RECESSION 8-) ............ Says who, exactly? Dave did. AND - he put it in capital letters, so it must be true. ;-) Indisputably! :-D So if Corbyn gets in ;-) ............ What do YOU predict will happen to the economy? >:-) ......... Link to comment Share on other sites More sharing options...
Brian Kirby Posted December 11, 2019 Share Posted December 11, 2019 pelmetman - 2019-12-11 8:29 AM Brian Kirby - 2019-12-10 4:20 PM malc d - 2019-12-10 1:47 PM Brian Kirby - 2019-12-10 1:22 PM pelmetman - 2019-12-10 7:40 AM John52 - 2019-12-10 7:36 AM Its not as simple as that. Listen to the people who set the exchange rate by trading the currency... For instance a Tory majority would be better than what we have now in one way - They would no longer have to bribe the DUP with our money to buy votes. https://www.theguardian.com/business/2019/dec/09/will-the-pound-go-up-in-value-if-labour-wins-the-general-election Yes it is ;-) ..............If Corbyn gets in the economy will go down the pan, and we WILL ENTER A DEEP RECESSION 8-) ............ Says who, exactly? Dave did. AND - he put it in capital letters, so it must be true. ;-) Indisputably! :-D So if Corbyn gets in ;-) ............ What do YOU predict will happen to the economy? >:-) ......... Dave, it is normally considered impolite to answer a question with another question, and I asked first. :-) Who is the authority for your claim, in bold, above? Link to comment Share on other sites More sharing options...
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