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A SHORT LIVED RECOVERY ?

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A SHORT LIVED RECOVERY ?

Postby miltiades » Wed Dec 18, 2019 1:17 pm

I have been an ardent watcher of financial markets for half a century now. The one thing I have learned is the volatility of markets be it the currency one or stocks.
I was extremely pleased when at just after the election exit polls predicted a Tory majority, at least in financial terms, Sterling shot up by 2 cents on the euro touching 1.205 . The markets reacted promptly in the knowledge that stability was returning to the political scene at last. In fact tge markets were reacting prior to Thursday 12th of January on the strength of election polls. Well it didn't last long, by yestetday Tuesday 17th Stg was traded below the pre election news and it seems that the current downward trend is continuing. Brexit looming, uncertainty in the UK economy will continue for some time yet. I can not predict the level that Stg will be at by the end of this month, suffice to say I have today converted my Stg to euros. I have always believed that Brexit is bad for the UK economy and apparently so does the financial world. I see no viable reason as to why would Stg strengthen in the forthcoming months. I even believe that come Brexit day, January 31st 2020, the pound will be below 1.10 euro.
Time will tell....
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Re: A SHORT LIVED RECOVERY ?

Postby Londonrake » Wed Dec 18, 2019 1:40 pm

It was doing OK on a relief wave that McDonnell hadn't managed to get his hands on the economy. Had that happened I suspect it would have resulted in a spectacular drop.

I think what's brought it back down in the past few days is Johnson's declaration that he will put the one year transitional period into law, qualified by it being illegal to extend that date. My understanding is that any request for such an extension has a deadline of 1st July, due to EU treaty provisions.

I've always believed that sterling volatility will only abate after the Brexit issue is finally settled.
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Re: A SHORT LIVED RECOVERY ?

Postby Kikapu » Wed Dec 18, 2019 2:48 pm

For Boris and Farage, Brexit is not Brexit unless it is a no deal Brexit. The sterling does not like a no deal Brexit. Lets see how many monkeys will vote on Friday to make it illegal to extend the agreements talks beyond end of next year. Is Boris going to expel any Tory not voting the way he wants them to vote?
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Re: A SHORT LIVED RECOVERY ?

Postby MR-from-NG » Wed Dec 18, 2019 3:00 pm

Kikapu wrote:For Boris and Farage, Brexit is not Brexit unless it is a no deal Brexit. The sterling does not like a no deal Brexit. Lets see how many monkeys will vote on Friday to make it illegal to extend the agreements talks beyond end of next year. Is Boris going to expel any Tory not voting the way he wants them to vote?

His Turkish genes are evident in everything he says and does. We now have Erdogan the 2nd as our prime minister. Trump, Boris and Erdoagan, different countries same shit :? :?
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Re: A SHORT LIVED RECOVERY ?

Postby miltiades » Wed Dec 18, 2019 3:12 pm

Sterling volatility, mostly downward, undoubtedly will continue for some time. The markets are driven not by sentiments but hard cash. The prospects of the UK economy following Brexit do not induce confidence in the markets.
As for having a Clown at the helm , well its another factor to take into account. He is no statesmen, neither is he an honourable " politician" on the contrary he is an opportunist who cares exclusively for him self. Some idiot earlier said that a statue of the Clown will be erected next to that of Churchill. Yes, and Gerry Adams next !!
The pound is on the downward journey, perhaps a journey of no return. Brexit will cause immeasurable damage to our economy but at least the ....peasants will gave their .....country back !!
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Re: A SHORT LIVED RECOVERY ?

Postby Londonrake » Wed Dec 18, 2019 3:24 pm

Kikapu wrote:For Boris and Farage, Brexit is not Brexit unless it is a no deal Brexit. The sterling does not like a no deal Brexit. Lets see how many monkeys will vote on Friday to make it illegal to extend the agreements talks beyond end of next year. Is Boris going to expel any Tory not voting the way he wants them to vote?


Milti’s OP’s about Sterling.

FWIW (little to you, I suspect). The main problem is your posts are boring. You have an aversion to facts. Most of what you generate consists of nothing more than highly prejudiced, ranting, personal opinion. You do a lot of ridiculous hyperbole “Dictator in the making” stuff, with the occasional “cunt” thrown in, presumably for what you regard as effect. Although, it just makes you look like another shrieking ignoramus of the left.

You just lost an election in a spectacular way. The worst performance Labour’s had for 85 years. That’s because a lot of Corbyn’s ideas were transparently crap and people from all walks of life saw through them. Corbyn and Co were clearly the most inappropriate group of government contenders in my lifetime and competition for that is pretty stiff. Consigned to history now, with years I suspect, of internecine war over Labour’s future to look forward to.

Labour’s views are now effectively reduced to voices in the political wilderness for at least 5 years. Hard earned.

At least Lordo had a little humility, at the end of the day.
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Re: A SHORT LIVED RECOVERY ?

Postby Kikapu » Wed Dec 18, 2019 3:33 pm

MR-from-NG wrote:
Kikapu wrote:For Boris and Farage, Brexit is not Brexit unless it is a no deal Brexit. The sterling does not like a no deal Brexit. Lets see how many monkeys will vote on Friday to make it illegal to extend the agreements talks beyond end of next year. Is Boris going to expel any Tory not voting the way he wants them to vote?

His Turkish genes are evident in everything he says and does. We now have Erdogan the 2nd as our prime minister. Trump, Boris and Erdoagan, different countries same shit :? :?

You have fascist cunts everywhere, including Australia.
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Re: A SHORT LIVED RECOVERY ?

Postby cyprusgrump » Wed Dec 18, 2019 4:05 pm

miltiades wrote:I have been an ardent watcher of financial markets for half a century now. The one thing I have learned is the volatility of markets be it the currency one or stocks.
I was extremely pleased when at just after the election exit polls predicted a Tory majority, at least in financial terms, Sterling shot up by 2 cents on the euro touching 1.205 . The markets reacted promptly in the knowledge that stability was returning to the political scene at last. In fact tge markets were reacting prior to Thursday 12th of January on the strength of election polls. Well it didn't last long, by yestetday Tuesday 17th Stg was traded below the pre election news and it seems that the current downward trend is continuing. Brexit looming, uncertainty in the UK economy will continue for some time yet. I can not predict the level that Stg will be at by the end of this month, suffice to say I have today converted my Stg to euros. I have always believed that Brexit is bad for the UK economy and apparently so does the financial world. I see no viable reason as to why would Stg strengthen in the forthcoming months. I even believe that come Brexit day, January 31st 2020, the pound will be below 1.10 euro.
Time will tell....



If any of your previous predictions (based on your being an ardent watcher of financial markets for half a century) had come true like, Sterling dropping below parity...

...or even Hunt being the next Conservative leader...

...you might have some credibility.

History tells us that they haven't and you haven't any... :lol:

So instead of making a fool of yourself, why not just sit back, drink your Keo and enjoy the ride...? :wink:
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Re: A SHORT LIVED RECOVERY ?

Postby erolz66 » Wed Dec 18, 2019 4:06 pm

Londonrake wrote:FWIW (little to you, I suspect). The main problem is your posts are boring. You have an aversion to facts. Most of what you generate consists of nothing more than highly prejudiced, ranting, personal opinion. You do a lot of ridiculous hyperbole “Dictator in the making” stuff, with the occasional “cunt” thrown in, presumably for what you regard as effect. Although, it just makes you look like another shrieking ignoramus of the ...


Could well be a very apt description of Paphitis' behaviour don't you think ? ;)
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Re: A SHORT LIVED RECOVERY ?

Postby miltiades » Wed Dec 18, 2019 4:12 pm

cyprusgrump wrote:
miltiades wrote:I have been an ardent watcher of financial markets for half a century now. The one thing I have learned is the volatility of markets be it the currency one or stocks.
I was extremely pleased when at just after the election exit polls predicted a Tory majority, at least in financial terms, Sterling shot up by 2 cents on the euro touching 1.205 . The markets reacted promptly in the knowledge that stability was returning to the political scene at last. In fact tge markets were reacting prior to Thursday 12th of January on the strength of election polls. Well it didn't last long, by yestetday Tuesday 17th Stg was traded below the pre election news and it seems that the current downward trend is continuing. Brexit looming, uncertainty in the UK economy will continue for some time yet. I can not predict the level that Stg will be at by the end of this month, suffice to say I have today converted my Stg to euros. I have always believed that Brexit is bad for the UK economy and apparently so does the financial world. I see no viable reason as to why would Stg strengthen in the forthcoming months. I even believe that come Brexit day, January 31st 2020, the pound will be below 1.10 euro.
Time will tell....



If any of your previous predictions (based on your being an ardent watcher of financial markets for half a century) had come true like, Sterling dropping below parity...

...or even Hunt being the next Conservative leader...

...you might have some credibility.

History tells us that they haven't and you haven't any... :lol:

So instead of making a fool of yourself, why not just sit back, drink your Keo and enjoy the ride...? :wink:

You obviously were born stupid. Your command of proper comprehension is abysmal. I did not predict Hunt, more wishful thinking you ignorant little peasant.
As for Stg losing ground, its not wishfull thinking but common sense, something you do not have and never will, once an idiot always an idiot!
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