r00lish67
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Post by r00lish67 on Mar 18, 2020 15:59:33 GMT
Isn't this more a flight to USD, so USD is up vs everything, rather than a GBP-specific pounding (pun intended).
It's both. edit: To expand, as of now EURUSD is roughly -1.5%, GBPEUR is -1% and putting those together GBPUSD is -2.5%. Gnarly.
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Post by dan1 on Mar 18, 2020 16:11:09 GMT
Isn't this more a flight to USD, so USD is up vs everything, rather than a GBP-specific pounding (pun intended).
You can track the progress of GBP against a basket of currencies, e.g. the Bloomberg British Pound Index... www.bloomberg.com/quote/GBP:CURWhichever way you look at it GBP is being hammered.
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registerme
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Post by registerme on Mar 18, 2020 16:24:13 GMT
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IFISAcava
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Post by IFISAcava on Mar 18, 2020 16:55:50 GMT
Pound is being hammered It was a REALLY bad time to be playing silly buggers with our economy (I won't mention the word). and still lower...pushing 2.5% down now. This is horrendous. Down 4% now - under $1.16
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Post by dan1 on Mar 18, 2020 17:01:58 GMT
Bailey's 3rd day in the job Think he's going to be in desperate need of all of the toilet paper he can get today.
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Post by Harland Kearney on Mar 18, 2020 17:02:45 GMT
This one didn't age well.
I for one are for a weaker pound for personal motivations of course due to my business, and to a extent investments.
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Post by Deleted on Mar 18, 2020 17:08:04 GMT
UK can't feed itself, must import food
GBP falls, imported food prices rise at a time of severe economic stress -> money printing -> further GBP falls -> further imported food price rises etc...
This could get nasty fast. Be careful what you wish for.
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IFISAcava
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Post by IFISAcava on Mar 18, 2020 17:17:29 GMT
and still lower...pushing 2.5% down now. This is horrendous. Down 4% now - under $1.16 $1.15 in sight
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IFISAcava
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Post by IFISAcava on Mar 18, 2020 17:18:17 GMT
It's all a bit moot now the US travel ban since no one could afford to go there
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r00lish67
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Post by r00lish67 on Mar 18, 2020 17:20:58 GMT
So, what is going to happen when we're going into this having started at GBPEUR 1.2 and GBPUSD 1.3? Anyone have some reassuring technical words as to why we're not going to see below parity on both? Just because no-one knows a good reason why not, doesn't mean it has to happen today.(GBPEUR 1.065 and falling)
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Post by Deleted on Mar 18, 2020 17:26:23 GMT
The UKs enemies knew it very well in WWI and WWII - cut off trade and the UK starves.
The irony is, this time (coronavirus and other recent history), the UK wants to cut off its own trade.
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Post by Deleted on Mar 19, 2020 9:32:07 GMT
If only, I don't know call me crazy, we were part of some sort of regional trading group who would act to support us and ensure our easy access to food. Mad I know but hey every black swan has a beak.
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