Euro v Pound

[SantaClaus]

Taking a longer term view, the Weekly EURGBP chart has formed a triangle since December 2008.
Based on the trend previous to the triangle, we could expect a breakout to the upside and a continuation of the move.

In other words, sterling could depreciate further against the euro.

[AtW]

the Weekly EURGBP chart has formed a triangle since December 2008.

And WTF does that supposed to mean?

[BlasterBates]

Hung parliament will be bad for the pound, if Nick Clegg pushes Labour to become left wing which is how I interpret him at the moment. He seems to be appealing to Labour defectors.

[HairyArsedBloke]

And WTF does that supposed to mean?

This

I can't comment either way. However, I see EURGBP as the crossfire between EURUSD and GBPUSD so don't track it seriously.

[HairyArsedBloke]

Hung parliament will be bad for the pound, if Nick Clegg pushes Labour to become left wing which is how I interpret him at the moment. He seems to be appealing to Labour defectors.

Any scent of Labour remaining in power in anyway is bad for the pound.

[suityou01]

What recovery? 'danger of a double dip'? Absolute certainty of a continued downward spiral is nearer the truth. The marginal halt in the plummet is due to the election. Post election the pound is toast, IRs are up, there will be no choice, and those that have over-stretched themselves and heavily into debt are in real trouble. Negative equity for 'recent' house purchasers, unemployment up, massive cuts in public services.

Id expect riots like in greece but doubt the great unwashed have either the motivation to get up off their arses and stop watching X Factor on ice in the jungle or the capacity to understand anything to do with money.

You need to be making plans to leave, you really do.

Top post. Although I believe there are enough EDL/Football Thugs/Bra burning types in this country to put together a reasonable display in the square mile. The establishment must be terrified of a civillian revolt, just based on the sheer numbers and likely disolving into anarchy that would be unstoppable.

Edit : I just sat hear day dreaming of Friday morning waking up to the news of Gordon getting back in. Felt my blood boil. Mr No-more-boom-and-bust, having left us with the greatest deficit since WW2. Of-ye-go Gordon, you've done enough. Pillock.

[DieScum]

Everything points to the pound going down if there is a hung parliament.

Not necessarily bad for the UK though.

One of the companies I invest in just published accounts in US dollars. The salary costs had gone down by about 10% last year, with no cut in head count, mainly due to some employees being paid in GBP.

Also makes contracting in Europe more attractive.

Having said that I reckon the conservatives will get a majority and it will strengthen.

[TimberWolf]

Our weakness is our strength and Greece's strength is its weakness.

[threaded]

Our weakness is our strength and Greece's strength is its weakness.

How apposite.