£ & €

[HairyArsedBloke]

As always, I have to be very careful what I say and how I say it.

I can only guess that the recent trend for weakening ones currency is pushing the euro up because the ECB aren't joining in.

Yes. There has been an absence of much talk of stimulus (i.e. printing money/QE) on the part of the ECB.

Are the BoE actively pursuing a weaker pound?

Yes, or at least they were.


NB. This is not financial advise ...... yada, yada, yada (as the septic say).

 

[suityou01]

As always, I have to be very careful what I say and how I say it.



Yes. There has been an absence of much talk of stimulus (i.e. printing money/QE) on the part of the ECB.




Yes, or at least they were.


NB. This is not financial advise ...... yada, yada, yada (as the septic say).

Why, do we still export stuff?

 

[HairyArsedBloke]

Why, do we still export stuff?

A few things now and again. Sminki

 

[suityou01]

A few things now and again. Sminki

Got it. Come 20 years our currency will be worth the same as a rupee is today, the rupee will be replaced with the yuan and we will all be working in call centres in Swindon or on a fast track visa scheme to undercut the Indian IT contractors.

WE WILL BE THE NEW BOBS

 

[HairyArsedBloke]

There will be no call centres anymore - they are for mass market consumers and that will disappear. In not too many years, 95%+ of the population of the world will have the same standard of living which will be slightly higher than that of the urban poor in SE Asia today.

It's not going to be nice.