Pound falls to lowest level in a year as Brexit sell-off gathers pace

[sasguru]

https://www.bbc.com/news/business-45113862

Doh! and double Doh! No shit Sherlock!

And that's AFTER a rise in interest rates

[Zigenare]

https://www.bbc.com/news/business-45113862

Doh! and double Doh! No shit Sherlock!

And that's AFTER a rise in interest rates

Wrong.

What was the rate on 29/08/2017 and 30/08/2017?

[sasguru]

Wrong.

What was the rate on 29/08/2017 and 30/08/2017?

Click on the 1 year option on this graph. The BBC claim seems about right.
https://www.x-rates.com/graph/?from=GBP&to=USD&amount=1

But hey, let's wait for Brexit - perhaps the pound will rise hugely on the strength of the British economy, eh?

[Zigenare]

Click on the 1 year option on this graph. The BBC claim seems about right.
https://www.x-rates.com/graph/?from=GBP&to=USD&amount=1

But hey, let's wait for Brexit - perhaps the pound will rise hugely on the strength of the British economy, eh?

Amazing what speculation does to the Forex market.

Btw, they're still wrong. In the case of Sterling versus the Dollar, what was the rate 23/08/2017 and 24/08/2017?

[DimPrawn]

Trade exports hit a record high as ministers say it's good sign for the country's future post-Brexit | Daily Mail Online

Boomed™

Looking forward to Brexit, hope it's a no deal hardest of hard exits.

[AtW]

After Brexit exports will indeed grow big time, in Sterling.

[sasguru]

Trade exports hit a record high as ministers say it's good sign for the country's future post-Brexit | Daily Mail Online

Boomed™

Looking forward to Brexit, hope it's a no deal hardest of hard exits.

Me too!
I can't wait for the Brexit boom!

[darmstadt]

May 2018 main points:

The total UK trade deficit widened £5.0 billion to £8.3 billion in the three months to May 2018, mainly due to falling goods exports and rising goods imports.

Falling exports of cars and rising imports of unspecified goods were mostly responsible for the £5.0 billion widening of the total trade deficit in the three months to May 2018.

Removing the effect of inflation, the total trade deficit widened £4.7 billion in the three months to May 2018; falling goods export volumes was the main factor as prices generally increased.

Excluding erratic commodities (mainly unspecified goods), the deficit widened £2.9 billion to £8.7 billion in the three months to May 2018.

There was a small overall trade surplus on the month to February 2018, mainly due to falling goods imports; the last time there was an overall trade surplus on the month was in February 2011.

The UK imported 55% of its goods from the EU and exported 51% of its goods to countries outside of the EU in the 12 months to May 2018.

[Eirikur]

But, but, the Brexiteers wanted us to believe the pound had already recovered.

[NotAllThere]

As the pound collapses, so the FTSE100 will reach new heights. So everything is peachy.