How the pound fell on ONS inflation figures

[doodab]

You can't talk of a trend using like 24 hours worth of data, especially when it is presented in a more or less fraudlent way with base fixed at non-zero thus totally misleading people who won't pay attention to axis Y's values - anyone who uses charts in such a way deserves to get fired very quickly.

Anyone who can't read a graph with axis that don't start at zero ought to leave thinking to the grown ups.

[AtW]

Over a 20 day ******* average!!!!!!!!

And you think it's a trend for currency to drop 1% at start of trading when overnight there were some bad news?

Below is total eur/gbp trading history:



What do you reckon is the trend from this one?

[Incognito]

I've provided link to last years data - it shows clearly that EUR/GBP can go up and down 3-4%, that's normal volatility.

There is no trend in it.

Over a 20 day ******* average!!!!!!!!

[AtW]

I wonder if that downward spiral is going to indicate anything.

I've provided link to last years data - it shows clearly that EUR/GBP can go up and down 3-4%, that's normal volatility.

There is no trend in it.

[Incognito]

You see monthly changs of +/- 3% every month? Nothing to write home about.

You see, that is what a trend signifies.

Oh look, the Pounds been rumbling along quite nicely against the Euro last couple of months, oh wait a minute, it's just lost half a cent in the space of an hour and a half, I wonder if that downward spiral is going to indicate anything.

[AtW]

Trend is measured with the rate of change not time, i.e. "a general direction in which something is developing or changing"

Trend is change over time - there is no trend to speak of in currency/stock market if you look at a few hours of trading.

[AtW]

You are kidding right?

No, I am not kidding - that drop means tulip (macroeconomically) when food inflation is in double digits.

It certainly means a lot to those who make bets on movements of currency, but it is totally and utterly stupid to present pathetic 1% drop in currency value as some kind of disaster or even response to inflation figures which are far far higher than 1%.

Here is data for last year: Monthly Exchange Rate Average (Euro, British Pound) 2010 - x-rates

You see monthly changs of +/- 3% every month? Nothing to write home about.

I think a market movement of half a cent in decline in that space of time is quite important.

It was market opening - of course change would be "significant" if present in the chart on top, but if you look
at a big picture like I posted you will see that it's nothing to write home about - only dirty spekulants would care much about it.

HTH

[Incognito]

Well, it's gone down by 1% if you look at the number but it's typical to see people misrepresent stats by showing charts with base not fixed to 0.

If it was then you'd struggle to see the difference.

You are kidding right? This is Forex where a drop in a cent in a day on the Pound against the Euro makes the headlines of the BBC.

When we crashed out of the ERM we were still talking about US cents and pfennigs in the single digits.

I think a market movement of half a cent in decline in that space of time is quite important.

[scooterscot]

You can't talk of a trend using like 24 hours worth of data, especially when it is presented in a more or less fraudlent way with base fixed at non-zero thus totally misleading people who won't pay attention to axis Y's values - anyone who uses charts in such a way deserves to get fired very quickly.

fraudulent

Trend is measured with the rate of change not time, i.e. "a general direction in which something is developing or changing"

What are we teaching the youngsters these days...

[AtW]

Same drop on proper chart:



Fooking scary crash innit?

[Incognito]

And another thing, how is it Spain and Portugal have not printed a penny yet we're in 3rd place?

Thirteen years of New Labour.

HTH.

[AtW]

I'm showing a trend not a chart, no base required.

You can't talk of a trend using like 24 hours worth of data, especially when it is presented in a more or less fraudlent way with base fixed at non-zero thus totally misleading people who won't pay attention to axis Y's values - anyone who uses charts in such a way deserves to get fired very quickly.

[scooterscot]

Well, it's gone down by 1% if you look at the number but it's typical to see people misrepresent stats by showing charts with base not fixed to 0.

If it was then you'd struggle to see the difference.

I'm showing a trend not a chart, no base required.

[AtW]

Well, it's gone down by 1% if you look at the number but it's typical to see people misrepresent stats by showing charts with base not fixed to 0.

If it was then you'd struggle to see the difference.

[scooterscot]

And earlier last week we're gloating about retail sales rebounding! We're saved! They shouted.

We're so full of it.



EU states with the biggest deficits and debts - in graphs

And another thing, how is it Spain and Portugal have not printed a penny yet we're in 3rd place? What happens if the euro disney project is not scrapped, does the UK become the poor man of Europe?

The Eurostat figures show the EU countries in 2010 with the largest government deficits as a percentage of GDP. They were: Ireland (-32.4pc), Greece (-10.5pc), the United Kingdom (-10.4pc), Spain (-9.2pc), Portugal (-9.1pc), Poland (-7.9pc), Slovakia (-7.9pc), Latvia (-7.7pc), Lithuania (-7.1pc) and France (-7pc).
The lowest deficits were recorded in Luxembourg (-1.7pc), Finland (-2.5pc) and Denmark (-2.7pc). Estonia (0.1pc) registered a slight government surplus in 2010 and Sweden (0pc) was in balance.