Euro v Pound

[scooterscot]

With all this trouble in Greece can something explain why the pound is loosing ground against the euro these last few days?


Markets I'll never understand them...

[Green Mango]

With all this trouble in Greece can something explain why the pound is loosing ground against the euro these last few days?


Markets I'll never understand them...

Markets hate uncertainty, hung parliament = uncertainty.

[HairyArsedBloke]

Actually, EUR/GBP has been range bound for week between 0.8600 and 0.8700 after strengthen from 0.91 about a month ago. It's toward the stronger side of it's where it has been in 18 months.

However, the prospects for GBP are not that Rosy. It faces the stated danger of a hung Parliament, but also the contagion fears that UK could be facing the same prospects as Greece.

[Green Mango]

Actually, EUR/GBP has been range bound for week between 0.8600 and 0.8700 after strengthen from 0.91 about a month ago. It's toward the stronger side of it's where it has been in 18 months.

However, the prospects for GBP are not that Rosy. It faces the stated danger of a hung Parliament, but also the contagion fears that UK could be facing the same prospects as Greece.

I must admit I've been thinking of investing this year's ISA money on the Australian ASX to get some more money out of sterling.

[scooterscot]

However, the prospects for GBP are not that Rosy. It faces the stated danger of a hung Parliament, but also the contagion fears that UK could be facing the same prospects as Greece.

Struggling to see why this should have such an impact, the UK is no where near Greece, that's what I'm led to believe, but imagine when a new government goes over the books to reveal a larger hole than was expected - that leaves a hole in my stomach about the prospects for future years.

Labour say don't risk the recovery - by lying about the truth as it is? Surely that shall only result in the danger of a double dip, i hate this....

[Green Mango]

Struggling to see why this should have such an impact, the UK is no where near Greece, that's what I'm led to believe, but imagine when a new government goes over the books to reveal a larger hole than was expected - that leaves a hole in my stomach about the prospects for future years.

Labour say don't risk the recovery - by lying about the truth as it is? Surely that shall only result in the danger of a double dip, i hate this....

Labour don't really understand the economy as in their anti-business stance with taxes.

Not to mention we'll be paying off their debt for a generation or two.

Remember no more Tory boom and bust.

[AtW]

the UK is no where near Greece

No it's not - climate is nicer there apparently.

[HairyArsedBloke]

Struggling to see why this should have such an impact, the UK is no where near Greece, that's what I'm led to believe, but imagine when a new government goes over the books to reveal a larger hole than was expected - that leaves a hole in my stomach about the prospects for future years.

Labour say don't risk the recovery - by lying about the truth as it is? Surely that shall only result in the danger of a double dip, i hate this....

FFS.

Labour don't really understand the economy as in their anti-business stance with taxes.

Not to mention we'll be paying off their debt for a generation or two.

Remember no more Tory boom and bust.

Labour and their followers have no concept of reality.

[shoes]

Labour say don't risk the recovery - by lying about the truth as it is? Surely that shall only result in the danger of a double dip, i hate this....

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.

[scooterscot]

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

I have left, I'm working in Berlin... it's lovely out here