Luan Pra bang

Uk government bonds down, Sterling down against the dollar, more falls to come ?

Hung parliment means that Lib Dems and SNP etc will get made promises for their Policies in exchange for labour support, Is that really democratic ? small parties with massive control ?

Snazy

Pound v Dollar has been dropping for a few days now. Peaked at about 155-156 last week then slowly dropped. Went sub 150 before the polls closed last night.

Interesting to see how it all balances out over the coming days.

f1_fan

iTrader: (9)

.... so we have had an election and istead of things getting better we have the pound falling, the FTSE in freefall and what little confidence that had been built up in the last few months eroded overnight.

Wonderful isn't it?

J4CKO

iTrader: (1)

scud8

iTrader: (1)

Oh dear. Yields on 2027 gilts are now up to 4.32%, so Tuesday's auction of 2027 4.25% gilts will likely sell at a discount. The pound is down to $1.45. Investors clearly don't like what they see.

At least Clegg is behaving like a grown-up, so there is some hope.

Turbo2

Brown v. Cameron: Penalty Shootout at Wembley for the keys to No. 10.

Simples.

GC8

Id sooner see ten three minute rounds.

Leslie

Yes it is!

Les

alcazar

iTrader: (2)

Doesn't seem to matter WHAT we do, or what happens, it's bad for the £ against the €.

Greece in trouble? Bad for the £
Greece being bailed out? Bad for the £
Election? Bad for the £
Hung parliament? Bad for the £
Oil prices rise? Bad for the £
Oil prices FALL? Bad for the £

Can ANYONE tell me what would be GOOD for the £, apart from ditching it and joining the €?

Xx-IAN-xX

Or even better

Dingdongler

Brown would probably ask Mandelson to be his substitute

f1_fan

iTrader: (9)

A strong government prepared to do what is needed to start sorting out the economy i.e. cut spending and raise taxes.

Greece to stop pissing about, accept their fate and get on with it.

Leslie

I think the real answer is to get out of Europe, negotiate a free trade agreement and stick with the Pound above all.

Les

Henrik

iTrader: (5)

The pound isn't falling because Britain is in the EU.

It's getting shot because we've got a record deficit *and record debt* and nobody is trying to seriously sort it out. I'll give the conservatives the benefit of doubt for now, but even they weren't talking economic sense pre-election, so the hope is fading.

Banana republic style finances only work for so long!

r32

Some body with a little sense, at last.

David Lock

Yes it is a disaster in present circumstances.

With Tories ahead on their own they might actually have the ***** to do what is needed to sort out the economy i.e. raise tax substantially and reduce public sector to a sensible size. Brown or Millipede wouldn't support that and Clegg is too much of a "nice guy" to upset anyone.

dl

alcazar

iTrader: (2)

I don't think that is the answer. The £ is out there on a limb, and because of our debt, is vulnerable to traders, with no-one to back us up. The €, however, has the strength of the whole of Europe behind it.

Leslie

But you you really think that they are really as strong as all that Alcazar. And what do you think of everything else that comes with federation?

Les

alcazar

iTrader: (2)

Not bothered either way, Les. it seems to have worked for the USA, so why NOT Europe?

Editted to say: They may NOT be all that strong, but at least if one of them is in trouble, the rest WILL stand behind them, financially. They have to.

And that, in my eyes, makes them stronger than us. Plus we now have very little gold backing us, (cheers Gordon, you IDIOT), and NO-ONE to stand behind us

Leslie

Very different style of thinking between them and the USA though Alcazar. Depends whether you are happy under autocratic rule and very little if any democratic choice any more.

We know what is best for us much more effectively than they do over there too, as we have already seen.

Les

alcazar

iTrader: (2)

Not sure what you mean about autocratic rule: Europe, or the USA?

And why does it take 650 MPs to run this tiny island, and only a couple of hundred congressmen to run the whole USA?

Leslie

Yes your first suggestion.

Well in truth the running of the country as such is by the Civil Service I imagine. The MPs theoretically make the decisions.

I think you are right in what you say about the numbers, that comes from the number of constituencies we have to be represented of course. It is open to argument whether it is better to have that number so that the people may be effectively represented. How large a constituency can an MP cope with as well as his parliamentery duties?

Les

r32

Not quite so simple as that, there is a huge Governing infrastructure.
http://en.wikipedia.org/wiki/Federal..._United_States