WHY is the £ so weak?
05 August 2011, 09:52 AM
#1
WHY is the £ so weak?
Against the €? Every time there is a wobble in Euro-land, the £ tanks too.
And if the $ falls, so does the £. WHY? We aren't IN the EMS FFS
If oil prices rise, bad for the £. If oil prices fall: bad for the £. If the $ rises, :bad for the £, if the $ falls: bad for the £.
So, my question, WTF is GOOD for the £?
And if the $ falls, so does the £. WHY? We aren't IN the EMS FFS
If oil prices rise, bad for the £. If oil prices fall: bad for the £. If the $ rises, :bad for the £, if the $ falls: bad for the £.
So, my question, WTF is GOOD for the £?
05 August 2011, 09:56 AM
#2
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Nothing. We're ****ed. Haven't you noticed?
Still on a positive note, the Halifax says house prices are rising again.
http://www.bbc.co.uk/news/business-14416403
Still on a positive note, the Halifax says house prices are rising again.
http://www.bbc.co.uk/news/business-14416403
05 August 2011, 10:16 AM
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I could write an essay on this, but won't. The simplest answer is that the UK is in transition, we still have a fragile economy and as such, we're susceptible to world events more than domestic influences. We don't have the strength to stand up (currency wise) and call the shots, in the same way CHF has in recent weeks, for example. But recent events have made people appreciate the UK's autonomy from the Eurozone so as/when the economy shows real signs of recovering, you'll see a much bigger relative effect in the £ than you do today. Some might argue that the benign response of the £ is a good thing; we're not having to cut rates to protect exports in the same way as the Swiss National Bank, but others would like to see £ become a world currency again. Fuzzy answer i know, but hopefully that gives a jist of why we're just following trends rather than setting them.
05 August 2011, 10:28 AM
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The short answer is, the whole feckin' lot is about to come tumbling down. If not now, in the very near future. One interesting blog here ... http://golemxiv-credo.blogspot.com/2...what-next.html ... worth reading just for the last paragraph ...
Dave
Dave
05 August 2011, 10:36 AM
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The short answer is, the whole feckin' lot is about to come tumbling down. If not now, in the very near future. One interesting blog here ... http://golemxiv-credo.blogspot.com/2...what-next.html ... worth reading just for the last paragraph ...
Dave
Dave
05 August 2011, 10:42 AM
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The real simple answer is interest rates are rock bottom so no one wants to buy or invest in our quid.
Raising interest rates would make people own pounds and drive the value up but right now that would be worse for the economy so thinks the BoE.
5t.
Raising interest rates would make people own pounds and drive the value up but right now that would be worse for the economy so thinks the BoE.
5t.
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05 August 2011, 10:46 AM
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The real simple answer is interest rates are rock bottom so no one wants to buy or invest in our quid.
Raising interest rates would make people own pounds and drive the value up but right now that would be worse for the home owners who borrowed more than they could afford and the bankers who leant them the money, so thinks the BoE.
5t.
Raising interest rates would make people own pounds and drive the value up but right now that would be worse for the home owners who borrowed more than they could afford and the bankers who leant them the money, so thinks the BoE.
5t.
05 August 2011, 10:54 AM
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05 August 2011, 02:38 PM
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Really? Please explain why? And as for kids, the Daily Mash has it spot on ... http://www.thedailymash.co.uk/news/b...-201108054165/ ...
Dave
FOUR year-old Gemma Logan has been unveiled as the new chief executive of the Royal Bank of Scotland. .....
..... "But I'm not sure the Royal Bank of Scotland can actually withstand another 24 hours of being run by someone with a banking qualification.
"It is time for them to stand aside and make way for a spoon-wielding cat chaser who will at least read the papers and watch Newsround before deciding whether or not to buy hundreds of millions of pounds worth of debt from a country that does not have money.
"Even the fecking cat has worked that one out."
..... "But I'm not sure the Royal Bank of Scotland can actually withstand another 24 hours of being run by someone with a banking qualification.
"It is time for them to stand aside and make way for a spoon-wielding cat chaser who will at least read the papers and watch Newsround before deciding whether or not to buy hundreds of millions of pounds worth of debt from a country that does not have money.
"Even the fecking cat has worked that one out."
Dave
05 August 2011, 04:29 PM
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My bug bear with property is that the so called 'boom years' have ruined this country. We are now seeing the consequences of that property boom.
05 August 2011, 08:45 PM
#20
IMHO it's all hyped up by the media!! If you didn't hear about it all on the news then no one would panic!!
As an individual what can we do?????
Nothing!
But sit back & hold tight whilst we taken for mugs!!!!!
As for the house Market, I can't afford to move ( which I don't anyway) but even if I did. If I'd made 10k on my house the house I buy also has made 10k so surely it's all irrelevant ?????
Just my 10p worth !!!
As an individual what can we do?????
Nothing!
But sit back & hold tight whilst we taken for mugs!!!!!
As for the house Market, I can't afford to move ( which I don't anyway) but even if I did. If I'd made 10k on my house the house I buy also has made 10k so surely it's all irrelevant ?????
Just my 10p worth !!!
05 August 2011, 09:55 PM
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IMHO it's all hyped up by the media!! If you didn't hear about it all on the news then no one would panic!!
As an individual what can we do?????
Nothing!
But sit back & hold tight whilst we taken for mugs!!!!!
As for the house Market, I can't afford to move ( which I don't anyway) but even if I did. If I'd made 10k on my house the house I buy also has made 10k so surely it's all irrelevant ?????
Just my 10p worth !!!
As an individual what can we do?????
Nothing!
But sit back & hold tight whilst we taken for mugs!!!!!
As for the house Market, I can't afford to move ( which I don't anyway) but even if I did. If I'd made 10k on my house the house I buy also has made 10k so surely it's all irrelevant ?????
Just my 10p worth !!!
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