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The £
The £
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the dollar fell against every major currency during that period
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Well A_T if you can't compare the Pound to the Dollar then what can you compare it to?
The Dollar is the World's standard unit of currency. Okay try the pound against the Euro. Dec 2017 1.08 March 2019 1.17. That's a gain of over 8% How could the pound rise against the Euro and the Dollar at the same time if Brexit is making the pound weaker? |
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Most respondents on this thread have been on betfair long enough to familiarise themselves with graphs.
It is not for Dr Crippen to pick a point on a graph and start counting from there; it is for him, as a Leave supporter, to sink to his knees and humbly apologise for making your family poorer in the world. |
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I've bought some Zimbabwe dollars as a hedge
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I've shown many times here how Quantitative Easing devalued the Pound since it was implemented. And explained in detail, so that even a woodenhead like UB might understand.
For what else was QE implemented to do? Yet UB stubbornly refuses to acknowledge the effect of QE on the Pound, when it's been falling since 2015. Which shows how far he's out of his depth. Remember when he said he hoped for the very worst outcome for the UK over leaving? That explains a lot about UB and his anti-Brexit stance. |
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I still want to know where all the money has come from to pay for all these immigrants .when we've been told for the last 30years at least that there's no money for public service increases and the countries upto its neck in debt
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I still want to know where all the money has come from to pay for all these immigrants .when we've been told for the last 30years at least that there's no money for public service increases and the countries upto its neck in debt
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When a country is in debt, one thing it can do is devalue its currency.
Firstly it reduces debt in real terms. Secondly it stimulates exports. Which is why our government started QE - usually called printing money. That's why the pound has gone down since 2015, if QE hadn't done the trick, they'd simply do it until it did. |
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The value of £ any given day depends almost entirely on Brexit.
It goes up when the Brexit-headbangers are quiet. But that never lasts long, a brexit-screamer opens his mouth and sterling falls. The EU have been using QE too, that has been a common factor since the referendum while £ has declined 17%; making your family poorer and blowing Dr Crippen's bogus dummy out of the water. |
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The value of £ any given day depends almost entirely on Brexit.
So why is the pound higher against the Dollar this week than it was at the end of last week? Even more so against the Euro. |
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The Pound goes up and the Pound comes down.
UB pops up when it's falling and spouts his anti-Brexit tripe. But disapears when it's rising. Until it starts to fall, and then he's off again. Check it out, he's been doing the same ever since the Pound bottomed a few years ago. |
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Of course it goes up and down daily but the trend is one way.
In twenty years the £ has lost around 30% (!!!) against the "failing Euro" (that's our tabloid-speak). The euro is the world's second most important currency and when launched one pound was worth about 1.48 euro (or something like that) its now in and around 1.07. Despite the problems with Greece It clear its sterling that is "failing", not the euro. We should have joined it which would have strengthened both us and the euro - if we had joined there is an argument the euro would now be the world's leading reserve currency. If Brexit has a silver lining it will be that when England re-joins the EU in about 10-15 years time it will adopt the euro - which will be handy as that will be the currency used in Scotland and N.Ireland anyway  |
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When the euro was worth 60p against the pound our producers and manufactures add no chance and many either went bankrupt or moved production out of the UK.
The UK is isolated in believing that an over expensive currency is good for the economy. The rest of the world take a different view, so unless they wrong and we are right? Then a pound that we can trade with on equal terms is essential |
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I said earlier if QE hadn't weakened the Pound then we would have implemented more QE until it did weaken sufficiently.
You can blame a weakening Pound on anything you find convenient to blame it on, but when the government sets out with very good reasons to weaken the Pound like they did with QE, well that's good enough for me. To propose any other reason is simply politics or failure to look at the facts. |
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Of course it goes up and down daily but the trend is one way.
The Pound is no lower now than it was nearly three years ago. So the trend for almost three years is sideways. |
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I am looking at the 1-minute chart and everytime you make a post Crippen, the pound goes down.
I am still trying to work out what that means though but I have a trend and i'm trying to find a way to pin it on the malaysian plane crash. |
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qe has happened all around the world, i looked at the dates qe happened in the uk and even allowing for lags it doesnt explain the movements in sterling at all. i think i found a grand total of one paper making the claim it did and that was from one of qe's proponents.
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To propose any other reason is simply politics or failure to look at the facts. Crippen is having a nightmare here. UK and EU both have QE, therefore QE cannot be the reason for the relative decline of sterling vs EUR QE..D Dr.  |
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Depends on how much QE you intend doing, and how much you want to weaken your currency.
UB is dreaming as usual. He writes what he wants people to believe, because he's never recovered from losing the referendum vote. 274 anti-Brexit threads on Politics is proof of that. Brexit has driven him round the bend. |
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Dr Crippen,if the UK treasuary was so confident in the £ why did they buy so many Euros since brexit was announced?
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Ok,i'll answer it for you,your politicians view the euro as being a "success" after brexit,you really cannot make this up
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Dr Crippen 14 Aug 19 15:47
Of course it goes up and down daily but the trend is one way. The Pound is no lower now than it was nearly three years ago. So the trend for almost three years is sideways. ------------------------------------------------------------------- This is just plain wrong - sideways my ar3e. Look it up yourself, least you can do. Highest was 90, was down at 79 in 2016. There are advantages / disadvantages for a weaker currency (but predominantly disadvantages for an open economy like UK). But don't come on here, or any forum and say sterling has performed well against the euro since its inception - because it hasn't. You lose credibility. This is not a pro- or anti- Brexit point. In fact over the period of euro's inception the pound has taking a kicking against it historically. Its just a fact. The perception in this country thanks to our deluded press is that the euro is "failing" is laughable. The tragedy is people believe it - and it actually costs them a lot of money but they dont see it. |
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Ten years ago the £ was even weaker against the Euro than it is today (under 1.05 Eur/£). So you could say that it has gone sideways for the last ten years – long before Brexit was a gleam in “call me Dave”’s eye………
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The £ weakness is due to Brexit uncertainty not Brexit itself. Once Brexit has been resolved, (whatever happens) the £ will strengthen again.
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Thank you Gin - a picture's worth a thousand words.
Or in the case of unitedbiscuits - 274 threads on the Politics forum. |