Reply to: The pound seems rather poorly

[seanraaron]

I saw everyone on the high street selling US$1.38 for the £ - are we about to re-start the industrial sector and start making toys for kids in the States or something?

[northernladuk]

maybe I should have put some sarcasm smiley in my post, but I assumed it wouldn't be necessary. Clearly I was wrong

Sarcasm??? You? Nevaaaaa

[TestMangler]

maybe I should have put some sarcasm smiley in my post, but I assumed it wouldn't be necessary. Clearly I was wrong

[DimPrawn]

Yeah, the charge is doing so well that GBP lost good 10% since Osborne got elected.

They probably measure the debt in $$$ globally, so instant 10% debt reduction compared to the G8 or whatever.

[scooterscot]

Genuine question. What do you mean by that?

Well it seems to, according to the media, like lemmings we're gathering on mass to the edge of a cliff for the final big push.

[PurpleGorilla]

Everything about the UK economy is great. Osborne is leading the charge to eliminating the deficit and 'paying down the debt' I'm sure that's what Dave would tell you if you asked him.

[AtW]

Everything about the UK economy is great. Osborne is leading the charge to eliminating the deficit and 'paying down the debt' I'm sure that's what Dave would tell you if you asked him.

Yeah, the charge is doing so well that GBP lost good 10% since Osborne got elected.

[TestMangler]

No word from Carnage and Gideot on the state of the pound and the UK economy?

Everything about the UK economy is great. Osborne is leading the charge to eliminating the deficit and 'paying down the debt' I'm sure that's what Dave would tell you if you asked him.

[clearedforlanding]

In fact what's more worrying, and I say this genuinely, the euro currency is considered by investors as the buyers choice during the turmoil because of it's flexibility.

Genuine question. What do you mean by that?

[scooterscot]

Seems like it's a race to the bottom ..

2016-01-21 George Soros: "Europe Is On The Verge Of Collapse"

(Sorry AtW - I know you'd prefer a ZeroHedge link advance warning, and I bowled that one out of the blue a bit )

The blogger (like others) seems to focus on the one big negative whopper the German leader has made yet ignores all the positive steps made during the crisis. He could at least try a little to hide his agenda.

If Europe were on the verge of collapse investors would not be buying up the currency in favour of sterling on the news growth in China is slowing down.

In fact what's more worrying, and I say this genuinely, the euro currency is considered by investors as the buyers choice during the turmoil because of it's flexibility.

If there's going to be a collapse of significant proportions in the near future it's overinflated assets.

[AtW]

No word from Carnage and Gideot on the state of the pound and the UK economy?

They'll say it's good for exporters.

Which it is, however it's also a sign that their policies are tulip - USD/GBP was at 1.46 just before elections when it seemed that "oh so awful Labour" would win, and now it's 1.42, seen it close to 1.40.

Considering how much I am going to get hammered on tax in new year this is a very small insufficient consolation

[clearedforlanding]

Firesale going on at currencyfair, the peer2peer FX sites on pounds.

[seanraaron]

Seems like it's a race to the bottom ..

2016-01-21 George Soros: "Europe Is On The Verge Of Collapse"

(Sorry AtW - I know you'd prefer a ZeroHedge link advance warning, and I bowled that one out of the blue a bit )

Hard to argue with him. The lack of solidarity in dealing with the refugee crisis could be called surprising, but honestly the unity shown during the past forty-fifty years is more of an anomaly. As far as the Eastern European attitudes go, the Second World War might just as well have ended.

[MrMarkyMark]

No word from Carnage and Gideot on the state of the pound and the UK economy?

These must be those turbulent times that Gideot was prattling about, then

[DimPrawn]

No word from Carnage and Gideot on the state of the pound and the UK economy?