How come the pound is so strong?

[xoggoth]

Seem to recall that a decade or so back our invisibles were only a very small part of our exports. They can't have grown that much to compensate for the loss in manufacturing. Mailman is right to wonder. I think it's all slight of hand.

[DodgyAgent]

the chaff

your local grammar police

I meant "chuff"

[Fungus]

the chaff

your local grammar police

You mean spelling police?

HTH. Your local semantics police.

[Fungus]

And having agents who can sort the wheat from the chuff

You spend your day picking wheat out of a chuff? I always wondered what agents did during the day, between waking and going to the pub.

[Skeptical]

You spend your day picking wheat out of a chuff? I always wondered what agents did during the day, between waking and going to the pub.

someone has to do it to keep the pound strong

[Francko]

Actually...seeing as 90% of all things worth anything have already been outsourced to India its only a matter of time before the banks wake up and realise they can do the same job of creating money in India for a fraction of the cost of doing that here in Blighty

Mailman

I can't say what's your biggest lack of knowledge. Economics or finance?

Sure, Mailman has invented the recipe for creating wealth. Let's create money, it's cheaper here in South America or Africa and let's sell it to the UK.

[Mordac]

You spend your day picking wheat out of a chuff? I always wondered what agents did during the day, between waking and going to the pub.

Wanking.

HTH

[Fungus]

Wanking.

HTH

Thankyou. I must learn to type.

[Clog II The Avenger]

B-locks

There is only one reason for the UK Pound to be so high.

The pound is high , not because of the economy. The economy is near the bottom in Europe.

It is not our exports, one of the worst in Europe.

The reason is that the UK interest rates are higher than the USA and the Euro area. Therefore investors will keep their money in the UK and gain loads of interest.

WE will have to pay for this in the future. It is a way of the government making it’s thick electors think that they are well off when in fact they are living on their own credit.

If interest rates drop, or foreigners pull out money from the UK, the result will be no B&Q and Sundays with your credit card.

[Francko]

The pound is high , not because of the economy. The economy is near the bottom in Europe.

Can you provide some indicators in support of your theories?

Pls. Give indicators that are generally accepted, such as GDP, ROIs, Stock Exchange indexes or similars..