Will the £ rise or fall against the Euro?

Every country that has a Central Bank is basically bankrupt. The UK is no different.
It is impossible for any of these countries to ever get out of the perpetual debt to banks under the current monetary policies.
There is a planned Global currency reset that is going to effect everyone.
The Pound will be devalued as will other currencies, as this is the only way that bank debts can be paid.

Hopefully the value of the pound will fall Britain is the only country in the industrial world that has pursued  an high value currency, everyone else including the USA and the EU take the opposite view.
It always makes me laugh when those wanted to remain in the EU complain about the drop in value of the pound, yet if Britain had been in the EU proper, we would have had the euro a currency that has always been of less value than the pound.

The pound is going to lose value. What you can purchase for £10 today, will see that halved very very soon.

Most of the EU has the euro and that is worth less than the pound at one stage it was only worth 60p and nobody in France or Germany was complaining at the time, Britain on the other hand lost over 1.5 million manufacturing jobs

There will be a GLOBAL recession in the first half of this year.

I can imagine that our Government were hoping for one before now in order to blame it on Brexit.
But here's the thing. People are being blindsided by Brexit while other things are being put in place behind the scenes.
Look at Europe that wants to build its own Army.
The US are fully aware of the threat that poses. So does Russia.
Why then would this Government want to leave the protection of the EU?
We don't have an army and would be in no position to defend ourselves.
The power of this country resides in banking & finance alone.

Never heard of NATO cranky? Or Trident? And as for no army well all I can do is

I presume you are looking at a mirror.

Will depend what happens. If Britain actually left the EU with no deal it would tank massively but the markets are working on the premise that is unlikely to happen.

Given most likely is by March 31st nothing will have happened, the can will have been kicked down the road with some kind of extension, it will probably most likely be similar to today where it's still a guessing game over what will actually happen.

Feb 5, 2019 -- 3:44AM, macarony wrote:

Hopefully the value of the pound will fall Britain is the only country in the industrial world that has pursued  an high value currency, everyone else including the USA and the EU take the opposite view.It always makes me laugh when those wanted to remain in the EU complain about the drop in value of the pound, yet if Britain had been in the EU proper, we would have had the euro a currency that has always been of less value than the pound.

What happened to Brexit being about the working class? Because guess who gets screwed over massively by the £ devaluing, the working class.

The last part is just crap, because a currency alone doesn't dictate how strong it is. Purchasing power is what is relevant here. Goods aren't sold at a 1:1 rate around the world.

All currencies are currently over valued due to all the QE being imposed by the Banks in order to prop the markets up. It is unsustainable.
It is about being able to honour debt which is why currencies will probably be devalued in order to do so.
Should Trump back up his promise of returning to a gold backed currency, that would mean the end of the Fed.
Which would have a knock on effect with the Bank of England.
It will happen this year.
I myself have begun stocking up with tinned goods and other items with an extended shelf life.
I asked a very good source if I should buy gold.
You can't eat gold was the response.

The EU are the kings of quantitive easing, its the only thing holding up their weak Eurozone.

The Eurozone is in decline. Crumbling away. Can't happen soon enough for many millions

crankyhead • February 5, 2019 1:04 PM GMT
All currencies are currently over valued

probably the stupidest comment about currencies I have ever read

Again 1357, you show your ignorance to the facts. Go away, be a good boy and do your homework. Then come back and tell me your findings

Doesn't realise yet how silly the comment is.

Claims to have a genius IQ rofl

Obviously you don't realise that QE has been implemented to prevent the crashing of economies. Without it, we would already be in a recession.
Currencies are over valued

As you will find very shortly to your detriment

Rofl still doesn't get it

140 IQ and states All currencies are currently over valued

As I said, you will very shortly see that to be so. But in the meantime haven't you a doll to play with

The OP asks will the £ fall or rise against the euro and crankyhead says

All currencies are currently over valued

He doesn't realise how idiotic that statement is.

Prove me otherwise. Show me how clever you are.
A currency reset is planned. That means currencies being devalued. Based on that, wouldn't you agree then that currencies are overvalued in light of what is down the road. Please enlighten

how the f-ck can all currencies be devalued?  Do you know what devalued means?

A global reset is going to take place. Please allow for that single cell to take that in.
To be able to fulfil bank debt, a currency has to devalue otherwise the debt continues to grow. Savvy

Obvs. Currency A is overvalued relative to currency B and currency B is overvalued to currency A. Perfect sense.

I take this back

"probably the stupidest comment about currencies I have ever read"

This is now the stupidest comment


Currency A is overvalued relative to currency B and currency B is overvalued to currency A

LOL. and I thought you’d get it.

A masterclass.

sorry racingcert I actually thought that crankhead made the comment, but prob best to include a smiley when being ironic. 

OK. Let’s say there are 10 currencies in the world.
If 9 are overvalued then the other one must be undervalued.
Are we getting warm?

wat you weren't being ironic?

No probs, Dave.
I found the thread very amusing.
Maybe cranky head was just playing to type though.

Dave, you’ve got me worried now.
The first post was ironic and the 3:17 post serious.
(I think)

yes lol

All this thread needs is akabula telling us it doesn't count til you make a withdrawal and Insider Trader linking £ to low-wage immigration and we have a limit-case analysis imo.

the eu and money will be the last things to be worrying about in the future.  Imports and demography will be the issue.