james100
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Post by james100 on Aug 21, 2019 13:50:35 GMT
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Post by mrclondon on Aug 21, 2019 14:24:17 GMT
An interesting value for Barclays to have plucked out of thin air. Technical chartists would no doubt argue that automated trading algorithms based on their theories will trigger significant (buying) support for sterling as it approaches its February/March 1985 low of 1.04-1.09.
But the flip side of their theory is that if the 1985 low is clearly breached (essesntially GBP:USD reaches parity) the support will vanish completely.
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Post by bracknellboy on Aug 21, 2019 14:33:48 GMT
I am way too heavy in sterling assets (cash and equities; way too heavy in that equation as well).
I should have taken precautionary action before the ref.
I should have taken greater precautionary action than I did since the referendum.
Since the Tory party now seem hell bent on ditching any last remnants of being the party of economic prudence / financial rectitude, and potentially even blindly undermining the Unionist bit of their full name (words are not the same as actions), what the hell should I be doing now ? Do I take a risk and move out of UK equities (where I hold) and if so where and what the hell to ?
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hazellend
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Sterling
Aug 21, 2019 14:37:52 GMT
via mobile
Post by hazellend on Aug 21, 2019 14:37:52 GMT
I am way too heavy in sterling assets (cash and equities; way too heavy in that equation as well).
I should have taken precautionary action before the ref.
I should have taken greater precautionary action than I did since the referendum.
Since the Tory party now seem hell bent on ditching any last remnants of being the party of economic prudence / financial rectitude, and potentially even blindly undermining the Unionist bit of their full name (words are not the same as actions), what the hell should I be doing now ? Do I take a risk and move out of UK equities (where I hold) and if so where and what the hell to ?
Go for a market weight, cheap, global equities tracker. My favourite is vanguard all world ETF. Determine your willingness, need and ability to take risk and buy a hedged global high quality bond tracker/cash/premium bonds to smooth the ride.
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Sterling
Aug 21, 2019 21:33:32 GMT
via mobile
Post by dan1 on Aug 21, 2019 21:33:32 GMT
On whether we educate to a high enough standard - I doubt it but then that responsibility falls on Govt and employers.
The ageing demographic will lead to reduced expenditure on education Vs NHS, for example, so I wouldn't rely on Govt. Politicians chase votes understandably and besides parents of children in education are too busy working several part time jobs to have time to vote. You see (Segway intended) our labour market being as flexible as it is there is little incentive for employers to educate (in whatever form that may take). There's a strong correlation between median job tenure and workers rights, we are more dog eat dog in the workplace than some of our EU friends. No doubt productivity suffers as a result but now we're here there seems no escape.
Well, it sounds more plausible than my "UK senior managers are just ****" theory😁
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Post by bracknellboy on Aug 22, 2019 5:55:02 GMT
...There's a strong correlation between median job tenure and workers rights, we are more dog eat dog in the workplace than some of our EU friends. No doubt productivity suffers as a result but now we're here there seems no escape. Well, it sounds more plausible than my "UK senior managers are just ****" theory😁 Agree the first part is true, but the second part isn't an obvious consequence, and doesn't really stand the evidence test. If US productivity is held up as a marker, job security there is lower than it is here.
While employers might have less incentive to train, employees have more incentive to self-educate when jobs are less secure.
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Post by propman on Aug 22, 2019 10:15:32 GMT
personally I think UK attitudes are a severe issue. Plenty of people I come across have a great deal to say about "rights" but little acceptance of "duty". It has been a vicious circle for some time. Employers do not generally feel a responsibility to their employees beyond trying to keep them happy enough so that a portion of the better ones stay. Employees realise that the employer doesn't have their best interests at heart and so has no loyalty and will not as a rule go the extra mile. Real sustained improvement requires everyone to buy in to the requirement to go beyond the basics, here it seems too often a middle manager is tasked with making improvements with little support from above or below and then is held accountable if they fail to achieve it. As a result only quick fixes are generally implemented.
Today people are not expected to stay in a job long and employers don't give meaningful references so the payback for the extra mile is poor.
JMHO
PM
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Sterling
Aug 22, 2019 14:47:20 GMT
via mobile
Post by Deleted on Aug 22, 2019 14:47:20 GMT
I agree blaming it on government is a lady excuse. I blame parents and children for lack of drive.
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james100
Member of DD Central
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Post by james100 on Aug 22, 2019 15:11:03 GMT
This makes for interesting, albeit damning, reading on the areas of skills gap, motivation gap etc (especially relative to other nations): www.newstatesman.com/politics/education/2019/08/great-university-con-how-british-degree-lost-its-value Last para: "The future health of the British economy is now, in no small part, in the hands of the magnificents. But in no meaningful way have they been prepared for that burden. In the name of social mobility, an elite university education has been sold to successive generations of students. An emaciated, grossly expanded education has been delivered. “The real tragedy,” says Derbyshire, “is we’re wasting the money, and worst of all, the time, of young people. That is unconscionable.”"
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Post by dan1 on Sept 27, 2019 7:53:23 GMT
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Post by dan1 on Dec 23, 2019 13:36:30 GMT
GBP/USD has fallen back down to 1.29 ish today - I guess because of the announcement by China to reduce tariffs?
Anyway, I've taken the opportunity to rebalance my tracker developed world holdings, specifically VWRL and VEVE. They're at all time levels and have recently (12th Dec) gone ex-dividend. I'm sure they'll go much higher but my rebalance was long over due, time to take some risk off the table. As always please DYOR.
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Post by dan1 on Jan 17, 2020 11:49:06 GMT
Sterling has fallen today because of weaker than expected retail sales figures increasing the probability of a rate cut by the BoE.
Probably worth factoring in should you be considering fixed term accounts.
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r00lish67
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Post by r00lish67 on Jan 17, 2020 12:18:06 GMT
Sterling has fallen today because of weaker than expected retail sales figures increasing the probability of a rate cut by the BoE. Probably worth factoring in should you be considering fixed term accounts. Yes I thought the same thing. Never thought I'd feel happy to have opened a 1.8% 2 year fix the other day. Bizarre. It's a shame that Marcus is variable, so if/when the cut hits it'll only be 1.25% (maximum) falling to 1.10% shortly after. Ouch. ..Or just put your life savings in the stock market for 2 days. It only goes up now it seems.
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Jan 17, 2020 14:16:29 GMT
I have some dollar based shares and funds I day trade with .5%-1% min change after fees where apropriate. (same criteria as my uk stock trades)
That way $/£ exchange as well as profitability give greater volatility that allows overall a small but consistant profit.
I have fairfx cards that allow me to buy foreign goods in local currency without exchange fees and top up when rates are good.
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Post by dan1 on Sept 12, 2020 9:38:58 GMT
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