U.K. Inflation Jumps More Than Forecast to Match 4-Year High

[northernladyuk]

It was a quote that is perfect in so many of the arguments where facts are ignored in favour of religiously believing, or just burying heads in the sand and laughing.

Possibly your best post/find in a long time.

[motoukenin]

The pound rose on the news of inflation as markets priced in a possible interest rate rise.
Problem is that an interest rate rise will reduce consumer spending even more and slow down growth.
And that will cause the pound to fall.

Caught between a rock and a hard place - the classic conundrum of a moribund economy.

I have set my contract to be between 1st and 30th November 2018 with a 5% continuous increase from Feb 2017, by that time Brexit conditions will be known and pound I believe will rise as spending rises for Christmas period. With conditions of Brexit known either good or bad I believe that businesses knowing where they stand is a better situation than not knowing and pound always rises on business certainty.

With over 60K in this its a huge gamble agreed but you got to put a lot in to get a decent return. Long term I agree with you on inflation and possible national strikes levelling things out but from what I can see inflation is set to drop early 2019 and don't think the national strikes will be effective in Uk, is not a good place for JAMS and they need the cash.

[sasguru]

I have set my contract to be between 1st and 30th November 2018 with a 5% continuous increase from Feb 2017, by that time Brexit conditions will be known and pound I believe will rise as spending rises for Christmas period. With conditions of Brexit known either good or bad I believe that businesses knowing where they stand is a better situation than not knowing and pound always rises on business certainty.

With over 60K in this its a huge gamble agreed but you got to put a lot in to get a decent return. Long term I agree with you on inflation and possible national strikes levelling things out but from what I can see inflation is set to drop early 2019 and don't think the national strikes will be effective in Uk, is not a good place for JAMS and they need the cash.

You'd be barmy to bet 60K on the future of the pound - in either direction.
It's in the first stages of becoming a banana republic currency and wild swings are to be expected within the context of an accelerated long-term decline.

[WTFH]

U.K. Inflation Jumps More Than Forecast to Match 4-Year High

You'd be barmy to bet 60K...

Have you ever seen motoukenin and MF in the same room?
#JustSayin'

[motoukenin]

You'd be barmy to bet 60K on the future of the pound - in either direction.
It's in the first stages of becoming a banana republic currency and wild swings are to be expected within the context of an accelerated long-term decline.

You could be right in terms of Macro economics, but to quote yet another cat reference its the dead cat bounce that I look at. With many years of fintech experience I have met a few day traders and this is where a lot of the dealers are also putting their money, there has been a 35% increase in funds to this contract since 18 days ago so ever hopeful.

Any advice on where the dollar/euro is going ?

[northernladyuk]

You could be right in terms of Macro economics, but to quote yet another cat reference its the dead cat bounce that I look at. With many years of fintech experience I have met a few day traders and this is where a lot of the dealers are also putting their money, there has been a 35% increase in funds to this contract since 18 days ago so ever hopeful.

Any advice on where the dollar/euro is going ?

LMGTFY

[motoukenin]

LMGTFY

Ah but can you Google the accuracy of Google ?

https://www.thestreet.com/story/1292...h-results.html