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, Oct 5, 19:19:57