Baxter Parp Posted November 6, 2017 Share Posted November 6, 2017 44 minutes ago, strichener said: You are welcome. Always happy to correct the shite that you post. Let me know when you manage it. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted November 7, 2017 Share Posted November 7, 2017 The 8m number having issues with debt could rise substantially if they increase the base rate too fast. That would cause significant problems in the UK, which is why they have barely moved it. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted February 9, 2018 Share Posted February 9, 2018 A few positive months for GBP brought to a fairly sudden end today. Some relatively big movements down the way off the back of the most recent updates on the Brexit process. Shame it didn't happen before I was home last week. 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted February 10, 2018 Share Posted February 10, 2018 Not sure you can blame the global sell off all on Brexit. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted February 10, 2018 Share Posted February 10, 2018 Not sure you can blame the global sell off all on Brexit. The fall in the FTSE was part of a wider global picture which hit markets across the globe but I think he was referring to the value of the pound against other global currenciesIt goes up slightly when the government appears to says something sensible and drops again when they assure their domestic base that they didn’t mean to.It’s been oscillating between €1.12 and €1.14 since SeptemberThat said it was above €1.40 in the eve of referendum so the occasional press stories about the pound surging on the back of masterful work by Theresa May or collapsing after yet another Brexit blunder are always a little overstated 1 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted February 10, 2018 Share Posted February 10, 2018 (edited) I was looking at the rise and fall of sterling over a few years. In 2009 it was almost at parity for a while. 3rd Jan 2009 it was €1.04. Can't remember why exactly. Possibly just because we'd massively cut interest rates after the 2008 crash. Agree with you about the movements in the exchange rate being overdone on the back of 'perceived' good or bad news either way on Brexit. Edited February 10, 2018 by Suspect Device 0 Quote Link to comment Share on other sites More sharing options...
Joey Jo Jo Junior Shabadoo Posted February 10, 2018 Share Posted February 10, 2018 11 minutes ago, Suspect Device said: I was looking at the rise and fall of sterling over a few years. In 2009 it was almost at parity for a while. Yep. Funnily enough it was the financial crash that got it there. That's how badly the financial markets think Brexit is going to affect us. Obviously these 'speculators' have never heard of German Cars, Canada, or that we won the war. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted February 10, 2018 Share Posted February 10, 2018 I was looking at the rise and fall of sterling over a few years. In 2009 it was almost at parity for a while. 3rd Jan 2009 it was €1.04. Can't remember why exactly. Possibly just because we'd massively cut interest rates after the 2008 crash. Agree with you about the movements in the exchange rate being overdone on the back of 'perceived' good or bad news either way on Brexit. And in 2009 the Greek sovereign debt crisis hadn’t kicked in yet 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted December 13, 2019 Share Posted December 13, 2019 Wetherspoons up 11% today. All the housebuilders up. FTSE250 up over 4%. So even though I didn't get the result I was hoping for, my pension pot will be get a boost. Evey cloud....... 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted December 13, 2019 Share Posted December 13, 2019 1 hour ago, Suspect Device said: Wetherspoons up 11% today. All the housebuilders up. FTSE250 up over 4%. So even though I didn't get the result I was hoping for, my pension pot will be get a boost. Evey cloud....... Cold comfort. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted December 13, 2019 Share Posted December 13, 2019 Would expect GBP to rise a little also. Predictions of a drift up to around 1.35, until Brexit is finalised. Then the shorters will have a field day again. No deal and you can expect 1.15 v the dollar and below parity with EUR. 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted December 13, 2019 Share Posted December 13, 2019 I'm half expecting no deal eventually but it will be drawn out to let Boris' backers get their positions first. Much like betting on the horses, you can only hope to be on the right side of the fix. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted December 13, 2019 Share Posted December 13, 2019 1 hour ago, Suspect Device said: I'm half expecting no deal eventually but it will be drawn out to let Boris' backers get their positions first. Much like betting on the horses, you can only hope to be on the right side of the fix. Pretty much how it has all played out so far. The big money has consistently ended up on the right side, and I'll be hugely surprised if that changes. Watch the shorts and watch who has investments in US Pharma/Healthcare companies. I'm sure there will be plenty of the same names coming up, and if that is the case then you know exactly which side to back as a winner. 0 Quote Link to comment Share on other sites More sharing options...
DeeTillEhDeh Posted December 13, 2019 Share Posted December 13, 2019 Wetherspoons up 11% today. All the housebuilders up. FTSE250 up over 4%. So even though I didn't get the result I was hoping for, my pension pot will be get a boost. Evey cloud....... Nothing to do with there being a Tory government - it's because there is a clear majority and what is seen as stability.It won't last once Brexit really hits. 1 Quote Link to comment Share on other sites More sharing options...
Shadow Play Posted December 13, 2019 Share Posted December 13, 2019 47 minutes ago, DeeTillEhDeh said: Nothing to do with there being a Tory government - it's because there is a clear majority and what is seen as stability. It won't last once Brexit really hits. Use it to your advantage. Sell a significant proportion of your shares now and buy them back when they are cheaper if you feel Brexit will drag shares down. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted December 13, 2019 Share Posted December 13, 2019 (edited) 10 minutes ago, Shadow Play said: Use it to your advantage. Sell a significant proportion of your shares now and buy them back when they are cheaper if you feel Brexit will drag shares down. If he has large cap ftse100 stocks who do substantial amounts of their business in USD/EUR or any other currency outside of GBP then that won't make you a profit. The price will inflate if anything, as the GBP value will be higher as a result of the strength of their non GBP business. Shorting GBP on the other hand could make a lot of profit if sterling falls as many are tipping it to post Brexit. Edited December 13, 2019 by Ross. 0 Quote Link to comment Share on other sites More sharing options...
Shadow Play Posted December 13, 2019 Share Posted December 13, 2019 2 minutes ago, Ross. said: If he has large cap ftse100 stocks who do substantial amounts of their business in USD/EUR or any other currency outside of GBP then that won't make you a profit. The price will inflate if anything, as the GBP value relative to the other currencies will be higher. Shorting GBP on the other hand could make a lot of profit if sterling falls as many are tipping it to post Brexit. I agree, a large number of ftse 100 stocks earn a significant proportion of their earnings abroad. Lloyds, and RBS on the other hand earn almost all their income in the UK. The point I was trying to make was, people are still adamant that Brexit will cause all sorts of problems. If they genuinely believe that and are in no doubt whatsoever that will be the case there are many ways of making money out of it, including shorting the £. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted December 13, 2019 Share Posted December 13, 2019 Most of my funds have a high proportion of US stocks so very little positive impact from FTSE gains. 0 Quote Link to comment Share on other sites More sharing options...
Dunfermline Don Posted December 13, 2019 Share Posted December 13, 2019 My son had made a big financial killing from the election. It was his first vote and he voted SNP. However he also (in error he tells me) managed to place a bet via his phone for a Tory majority.He is now wondering how to spend the 33p he had won!!! 0 Quote Link to comment Share on other sites More sharing options...
Shadow Play Posted December 13, 2019 Share Posted December 13, 2019 36 minutes ago, Granny Danger said: Most of my funds have a high proportion of US stocks so very little positive impact from FTSE gains. I know a couple of Americans that have invested heavily over here. I don’t think they are going to make any money though. 0 Quote Link to comment Share on other sites More sharing options...
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