Sound as a Pound

[AlfredJPruffock]

I see that the BoE made a mistake on some 20p coins and they are now worth 50 quid.

Surely the solution to all our debt problems is obvious? the BoE only has to print a billion pounds worth of notes with errors on them and it will instantly be worth £250 bn, enough to pay off the national debt.

Brialliant Xoggoth.

You ought to be the next Chancellor.

The other financial 'stimulus' would be to issue each adult with a high qauality copier which can reproduce passable EuroNotes thereby allowing every British citizen to have unlimited spending binges in the European location of their chosing.

I think the above would be a vote winner.

[xoggoth]

I see that the BoE made a mistake on some 20p coins and they are now worth 50 quid.

Surely the solution to all our debt problems is obvious? the BoE only has to print a billion pounds worth of notes with errors on them and it will instantly be worth £250 bn, enough to pay off the national debt.

[Gonzo]

Some days I think the markets are just ignoring the situation in the UK because they are waiting until the nuLieBore government has gone in a year’s time. If they believed there was any prospect of them continuing in power then all hell would be happening. S&P would have downgraded the UK ages ago.

I agree on this.

The markets are treading water and waiting to see what the next government do.

I have read several press articles in recent weeks where Labour losing the next General Election has been taken for granted. Private Eye has been like that for a few months now and have the best political radar IMO.

[HairyArsedBloke]

That is a really badly written article. The threat to sterling is not cuts and taxes hikes...but the lack of them. If the markets see that the UK government has no reliable plan to get the public finances under control, that's when sterling will suffer. If there is a substantive and achievable plan in place (hardly likely with the current lot in power claiming they are going to carry on spending), I think sterling will rise against the dollar and the euro. Both the dollar and the euro have pressures on them that sterling doesn't.

True.

Some days I think the markets are just ignoring the situation in the UK because they are waiting until the nuLieBore government has gone in a year’s time. If they believed there was any prospect of them continuing in power then all hell would be happening. S&P would have downgraded the UK ages ago.

[pzz76077]

...so your contribution and value to this thread is slightly less than zero then?

Pretty much like all your posts in fact.

Take it as you please.

PZZ

[PM-Junkie]

On the other hand ....

Bloomberg: Sterling Crisis Looms as U.K. Unraveling Points to Budget Cuts

That is a really badly written article. The threat to sterling is not cuts and taxes hikes...but the lack of them. If the markets see that the UK government has no reliable plan to get the public finances under control, that's when sterling will suffer. If there is a substantive and achievable plan in place (hardly likely with the current lot in power claiming they are going to carry on spending), I think sterling will rise against the dollar and the euro. Both the dollar and the euro have pressures on them that sterling doesn't.

[The Lone Gunman]

http://www.telegraph.co.uk/finance/c...rice-data.html

The pound was up more than a cent against the dollar at $1.6720 in early morning trading and was also firmer against the euro.

“The pound blows the doors off this year’s highs as UK house-price data surges ahead,” said Neil Jones, head of European hedge-fund sales at Mizuho Corporate Bank. “There is more to come.”


Boomed!

Thank god we have the Pound!

££££££££££££££££££££££££££££££££££££££££

Was that before the report that the economy is tanking?

[PM-Junkie]

Not used the pound for quite a few years now and dont need to convert any of my money into it either.

PZZ

...so your contribution and value to this thread is slightly less than zero then?

Pretty much like all your posts in fact.

[pzz76077]

Not used the pound for quite a few years now and dont need to convert any of my money into it either.

PZZ

[BlackenedBiker]

On the other hand

[Platypus]

Sterling Crisis Looms as U.K. Unraveling Points to Budget Cuts

Lord I hope so, the exchange rate is killing me

[HairyArsedBloke]

On the other hand ....

Bloomberg: Sterling Crisis Looms as U.K. Unraveling Points to Budget Cuts

[DimPrawn]

http://www.telegraph.co.uk/finance/c...rice-data.html

The pound was up more than a cent against the dollar at $1.6720 in early morning trading and was also firmer against the euro.

“The pound blows the doors off this year’s highs as UK house-price data surges ahead,” said Neil Jones, head of European hedge-fund sales at Mizuho Corporate Bank. “There is more to come.”


Boomed!

Thank god we have the Pound!

££££££££££££££££££££££££££££££££££££££££