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Cyprus Eastern Forum Index » Exchange Money & Rates » More Good News on Sterling - DespiteBrexit Goto page Previous  1, 2
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Post: #21   PostPosted: Mon Jan 08, 2018 10:00 am Reply with quote
romatarot
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Mr Tibbs wrote:

It isn’t going to move, however much some might wish it. Paris and Hamburg trying to leach from the World’s premier financial centre is nothing new. They’ve been at it for years - jointly - and it hasn’t happened for reasons which have nothing to do with Brexit that remain extant.


The reason they won't get any of the gangs of the City of London to move probably has something to do with this:
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Re: More Good News on Sterling - DespiteBrexit 
Post: #22   PostPosted: Mon Jan 08, 2018 1:07 pm Reply with quote
sugarray1955
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Mr Tibbs wrote:
sugarray1955 wrote:
On a more negative note the car industry has reported that new car sales have fallen and by the biggest rate since 2009 and expect a further drop this year.


I haven’t checked but seem to recall reading (somewhere between Lisbon and Lanzarote Cool ) that the drop was primarily to do with a big fall in consumer confidence brought about by HMG’s actions wrt diesel vehicles. Sales of that class dropped by about a third. Petrol vehicles dropping by next to nothing. Haven’t car sales also rocketed in recent years? If so, any current drop would look bad, I imagine. Think


The actual quote I read was from the motor manufacturing body and whilst it did mention the drop of diesel cars it also stated that the uncertainty of brexit was a contributing factor as well.
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Re: More Good News on Sterling - DespiteBrexit 
Post: #23   PostPosted: Mon Jan 08, 2018 1:10 pm Reply with quote
sugarray1955
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Mr Tibbs wrote:
sugarray1955 wrote:
This is one I found in the FT and reading the report it is not as rosy as the OP suggests.


Your picture took ages to download (20 mbs) and came up as a blank square here.

What Clive posted is a matter of ONS fact, embellished at the end with a small sprinkling of financial sector forecasting. There were no outrageous views in it.

Here’s a take on it by the Guardian, which, along with the Observer, tends to be the most anti-Brexit (trying not to say “rabid” Very Happy ) of the quality news sheets. I’ve learned to take any article on the subject by either of them with a pinch of salt.

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There’s stuff like this cropping up quite regularly, which doesn’t tend to get aired in here (like this one, it gets its share of hassle).

Off the top - I can’t be bothered on a tablet linking it - I read a business news article recently which reported Goldman Sachs as saying they had now decided to hold back on their threatened mass move to the continent for the moment. This, from a casino bank that’s been intimating the City of London becoming a post-apocalyptic wasteland since the referendum.............For example.

I view events like Clive’s OP in the light of the pre-referendum predictions made in the event of a Leave outcome. An immediate deep recession. An emergency budget, resulting in eye-watering increases in interest and tax rates. Deep cuts in NHS, other public sector spending and pensions. The whole lot now proven to be blatant, scaremongering lies. Which is why the continuing campaign (succinctly named Project Fear) is treated with the lack of credibility it’s well earned. Wolf! Wink


I opened this image on my tablet and it took less than a second to completely D/L so Christ knows why it took you so long? Also opens exactly as I posted it... I tried to link directly to the FT article but for some reason when clicked it took you to the FT`s registration page. All the details from the ONS were clearly there but I just took a small screenshot of the article.
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Re: More Good News on Sterling - DespiteBrexit 
Post: #24   PostPosted: Mon Jan 08, 2018 2:07 pm Reply with quote
Mr Tibbs
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sugarray1955 wrote:
I opened this image on my tablet and it took less than a second to completely D/L so Christ knows why it took you so long? Also opens exactly as I posted it... I tried to link directly to the FT article but for some reason when clicked it took you to the FT`s registration page. All the details from the ONS were clearly there but I just took a small screenshot of the article.


The FT’s normally behind a pay wall. Think

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Post: #25   PostPosted: Mon Jan 08, 2018 5:37 pm Reply with quote
Kwacka
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jeba wrote:
Mr Tibbs wrote:

Interesting to read the recent interviews with Macron (Merkel being too absorbed in the collapse of Germany’s government due to - funny ole fing - EU related stuff).

Where did you get the idea from that Merkel´s administration collapsed due to "EU related stuff"? The election results had very little to do with the EU, which wasn´t even discussed much in the run-up to the election (nor has it been much thereafter). It was a result of internal policies which caused quite some discontent (e. g. pensions, which have taken a dive following reunification) and her migration policies which gave rise to a nationalist party being represented in parliament.


Germany's migration policies are the same as all other EU countries (including the UK at this time).

There was a period where some of the readers of some papers (comics rather than newspapers) held the ridiculous belief that Merkel had thrown open Germany's orders for unlimited immigration.

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Post: #26   PostPosted: Mon Jan 08, 2018 6:02 pm Reply with quote
madmum
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Dont even pretend to understand all this but if its good news on sterling why has the exchange rate dropped?? not a lot but from 1.11 to 1.10
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Post: #27   PostPosted: Mon Jan 08, 2018 6:14 pm Reply with quote
Woodrow Why?at
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madmum wrote:
Dont even pretend to understand all this but if its good news on sterling why has the exchange rate dropped?? not a lot but from 1.11 to 1.10


I think the deluded, rose tinted be-leavers are taking more of a long term view so, possibly, in a hundred years or so the Pound will have recovered some of it's lost value!! Rolling Eyes Laughing

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Post: #28   PostPosted: Tue Jan 09, 2018 2:32 pm Reply with quote
sugarray1955
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madmum wrote:
Dont even pretend to understand all this but if its good news on sterling why has the exchange rate dropped?? not a lot but from 1.11 to 1.10

I transferred some over yesterday using Transferwise and got a rate of 1.128. At the time of posting it is 1.1338
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Re: More Good News on Sterling - DespiteBrexit 
Post: #29   PostPosted: Tue Jan 09, 2018 2:36 pm Reply with quote
sugarray1955
Joined: 25 Jan 2017
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Mr Tibbs wrote:
sugarray1955 wrote:
I opened this image on my tablet and it took less than a second to completely D/L so Christ knows why it took you so long? Also opens exactly as I posted it... I tried to link directly to the FT article but for some reason when clicked it took you to the FT`s registration page. All the details from the ONS were clearly there but I just took a small screenshot of the article.


The FT’s normally behind a pay wall. Think

Your`e right, went to the article no problem but when trying to navigate to another article it results in being asked to subscribe.
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Post: #30   PostPosted: Wed Jan 24, 2018 10:59 am Reply with quote
clive of payia
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Pound Sterling hit the $1.40 mark against the dollar yesterday, before easing back one point. A new low in unemployment. Will Remoaners now complain its too high?

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Post: #31   PostPosted: Wed Jan 24, 2018 12:07 pm Reply with quote
Woodrow Why?at
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clive of payia wrote:
Pound Sterling hit the $1.40 mark against the dollar yesterday, before easing back one point. A new low in unemployment. Will Remoaners now complain its too high?


What's "too high", the Pound against the dollar, or the unemployment rate? Confused

You really must learn to explain your points better, clive!! Rolling Eyes

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Post: #32   PostPosted: Wed Jan 24, 2018 12:27 pm Reply with quote
Mr Tibbs
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clive of payia wrote:
Pound Sterling hit the $1.40 mark against the dollar yesterday, before easing back one point. A new low in unemployment. Will Remoaners now complain its too high?


Sterling appears to be increasing of late because of good news on the jobs front. Wages have started to grow and are catching up with the rate of inflation and 102,000 jobs were added in November.

There's never been a lot of excitement about the £/$ here of course. Understandably, it's concentrated on the €. Today at about €1.14.

There also seems to be some movement due to "sentiment" about what's coming out of Davos. AFAIUI ( Wink ) there appear to be two opinions prevaling. One is that things are going just fine. The other is that things are going too fine! Laughing

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