Sterling has 'plunged' from €1.147 to €1.145?
Yes, the pound dropped relative to the euro by basically truncation error but you feel the need to attribute this to Truss rather than the global economy?
The real issues IMHO today are the strength of the $ and how this influences risk pricing of pretty much every asset, the OPEC decision to cut production and the challenges facing Credit Suisse + Deutsche Bank ($2500 bn assets vs Lehman $600bn).
Posted By: Timmy_Goat on October 5th 2022 at 19:19:57
Message Thread
- I see the pound has dropped again since Thick Lizzie spoke (n/m) (General Chat) - jamesward, Oct 5, 16:01:39
- Hmm 1.15 to 1.15 (General Chat) - Sonic, Oct 5, 18:53:36
- That’s the euro lol (General Chat) - SCC 28, Oct 5, 19:00:44
- No it hasn’t. See the data (n/m) (General Chat) - Sonic, Oct 5, 21:49:48
- That’s the euro lol (General Chat) - SCC 28, Oct 5, 19:00:44
- Logs on, checks market data, rolls eyes, logs off... (n/m) (General Chat) - Timmy_Goat, Oct 5, 17:35:38
- Well it has so not sure what you’re on about (n/m) (General Chat) - jamesward, Oct 5, 17:58:26
- Sterling has 'plunged' from €1.147 to €1.145? (General Chat) - Timmy_Goat, Oct 5, 19:19:57
- Was talking against the dollar (General Chat) - jamesward, Oct 5, 20:46:49
- Every currency has fallen against the dollar (General Chat) - Timmy_Goat, Oct 5, 21:22:46
- Not many have falled 25% in a around 7 months (n/m) (General Chat) - Cable Gap Pioneer, Oct 5, 22:04:13
- Every currency has fallen against the dollar (General Chat) - Timmy_Goat, Oct 5, 21:22:46
- Was talking against the dollar (General Chat) - jamesward, Oct 5, 20:46:49
- Sterling has 'plunged' from €1.147 to €1.145? (General Chat) - Timmy_Goat, Oct 5, 19:19:57
- Well it has so not sure what you’re on about (n/m) (General Chat) - jamesward, Oct 5, 17:58:26
- It’s at 1.13 US to GBP currently (General Chat) - JoeyDeacon, Oct 5, 16:56:25
- maybe because it was at £1.36 on this day last year (General Chat) - Cable Gap Pioneer, Oct 5, 18:45:30
- Was also 1.36 less than 8 months ago (n/m) (General Chat) - SCC 28, Oct 5, 18:49:38
- Yes, apparently not convenient to mention that in this 'recovery' (n/m) (General Chat) - Cable Gap Pioneer, Oct 5, 19:57:50
- Was also 1.36 less than 8 months ago (n/m) (General Chat) - SCC 28, Oct 5, 18:49:38
- I was talking about today though (n/m) (General Chat) - jamesward, Oct 5, 18:00:39
- After the intervention of the BoE. (n/m) (General Chat) - The Gaffer, Oct 5, 17:41:27
- You could argue a large part of the reason the pound sunk so low was down to the BoE (General Chat) - JoeyDeacon, Oct 5, 17:49:07
- The pound sank because the goverment pledged both tax cuts and spending (General Chat) - Knitted Jesus, Oct 5, 18:01:26
- You could argue a large part of the reason the pound sunk so low was down to the BoE (General Chat) - JoeyDeacon, Oct 5, 17:49:07
- A truly dreadful rate (General Chat) - SCC 28, Oct 5, 17:40:40
- Kim Kardashian? (n/m) (General Chat) - Ken Breadstick, Oct 5, 18:14:28
- maybe because it was at £1.36 on this day last year (General Chat) - Cable Gap Pioneer, Oct 5, 18:45:30
- Hmm 1.15 to 1.15 (General Chat) - Sonic, Oct 5, 18:53:36
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