so you think HMGov is sinking Sterling so we can join the Euro and enjoy EU interest rate stability and not be so vulnerable to the Yanks, or is it just to reduce demand on imports and increase exports? Interestingly the huge trade deficit we run has dropped off the agenda.
[cite]Posted By: razil[/cite]so you think HMGov is sinking Sterling so we can join the Euro and enjoy EU interest rate stability and not be so vulnerable to the Yanks, or is it just to reduce demand on imports and increase exports? Interestingly the huge trade deficit we run has dropped off the agenda.
The Government have little say on the level of sterling and within fairly wide parameters they dont care. Sterling isnt actually that weak. There is a lot of Euro strength involved and that is the main currency that we compare it with but Stg/usd is at 2.00 and although off its peak sterling isnt particularly weak against the yen. As far as EU entry is concerned that is an absolute non starter. As an aside the next big move in Currency markets will be a major weakening of the euro as their diverse economies are near breaking point at the same time that some green shoots of recovery are starting to appear in the US and eventually the UK
I think that this government is both constrained and pulled by so many conflicting forces that when push comes to shove it will take the path of least resistance which is to keep the presses buzzing, say yes to the unions, keep rates artificially low and desperately try and either eak out an election win or failing that leave a mess for its successor. On top of all that is the worry about a true collapse of a big bank and the governments guarantees there of. I accept there could easily be upside to sterling Brunello but like we were talking about commodities earlier the downside is truly frightening.
Last year i sold my ExxonMobil shares made about £6,000 clear profit. However if i held onto them for another year i would have made much more. I was well happy with what i got and thats it really dont be greedy. Make more than you would in a long term bank account and be happy.
I will invest £15,000 in copper over 3 years im sure ill get £30,000.
[cite]Posted By: Heath Hero[/cite]I thought AFKA had it sunk because he was worried that Charlton Life would need to become FSA regulated before allowing threads like this!!
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I smell a bit of a wind up in place, but since then the quality of the posts have carried it through into an interesting debate.
The Government have little say on the level of sterling and within fairly wide parameters they dont care. Sterling isnt actually that weak. There is a lot of Euro strength involved and that is the main currency that we compare it with but Stg/usd is at 2.00 and although off its peak sterling isnt particularly weak against the yen. As far as EU entry is concerned that is an absolute non starter. As an aside the next big move in Currency markets will be a major weakening of the euro as their diverse economies are near breaking point at the same time that some green shoots of recovery are starting to appear in the US and eventually the UK
I will invest £15,000 in copper over 3 years im sure ill get £30,000.
Ha ha - that's exactly what I was thinkingh HH!