Well we're fast approaching that time of the year again, about to enter a new one.
For many months UK sterling was the worst performing currency as reported by many media from the Telegraph, to Guardian to Irish Times to Metro to Sky News.

It ended the year as the second worst performing global currency just behind the Argentine Peso.

What for Sterling in 2017?
And remember if Theresa May can keep her promise, we're just weeks away from the triggering of Article 50.
Personally, I can see sterling getting murdered again on the currency markets once the button is pressed.

What do ye all think?

Yawn, Is there no end to your anti British narrative? It's as if you've never heard of a currency going up and down. Tell is the the Eur/USD exchange rate now and a year ago.

Oh currencies do go up and down, but only one was the second worst performing currency globally in 2016 and that was British sterling.

I think those of us looking forward to 2017 will stay calm and realistic as the weeks tick down to A50. Meanwhile some people, both in the UK and Ireland, will go into a frenzy of turning themselves inside out with regurgitated Project Fear puked across the forum.
It's to be expected, and events such as the turning of the calendar will set them off all the more.

Still waiting to hear the Eur USD rate now and a year ago. You seem reluctant to tell me?

This thread is about worst performing global currencies of 2016 like British sterling and the Argentine Peso.

Currency devaluation helps a country's exports, employment, economic growth, etc. It's pretty close to a economic panacea. As long as after devaluation it stabilizes rather than continuing to rapidly freefall.

Worst performing currency in terms of currency losing value maybe the best performing currency in terms of aiding a nation's competitiveness and economy going forward.

The belief that an investment which has performed poorly will automatically go on doing so is deeply flawed. You will find many very wealthy people who have made their fortunes by buying against the trend.

I don't know what is going to happen to any currency, commodity or stock in the short term or when might be the ideal time to pile in to anything which has shown weakness, but it is always extremely foolish to assume that a trend (either downwards or upwards) is bound to continue indefinitely.

Ahh. Something to hide I see.

To be fair you can dictate the opening post but not the subsequent responses.

At least the UK still has its own currency - you do wonder what all those great Irish patriots fought and died for really up to 1922? Did they want to swap British imperial rule for EU imperial rule with no separate currency or control over interest rates or border controls?

Better to be an independent nation than a province. Currencies go up and down - but sovereignty and self determination is for keeps (well outside the EU anyway)!

Of course, the pound reached €1.03 a few years ago. Ireland2day must've spontaneously combusted back then.

Sterling ends the year as 2nd worst performing global currency, what for 2017?

But that's Brexit success! (even if it inflicts significant damage on manufacturing and transport companies resulting in unemployment, contracting business, reduced profitability and lower tax returns)

...but not complete currency collapse which is damaging to businesses as has happened with the pound.

Seems the Telegraph has answered my question. Just saw an article online from earlier today saying 2017 Brexit triggering to rock sterling.

http://www.telegraph.co.uk/business/...ngs-final-dip/

Are we still doing the "stop talking Britain down" (and ignore the facts) rubbish?

Oh really I thought it was about your negative xenophobia, like so many of your posts.


Effects of Negativity

A negative attitude really does affect your quality of life. Sometimes it takes control of your life and you see everything in the worst possible way. You are not happy and the people around you are not happy, either. Let’s look at the crippling effects of negativity. For example:

Negativity can change the way you look at everything and keep you from enjoying many things that can bring you joy.

It keeps you from trying new things that may be wonderful.

It can also keep you from maturing and learning how to cope with the challenges of life.

Negativity can lead to sadness, depression, stress, and giving up on life.

It can take away your energy and motivation. Instead of a go-getter, you become a hopeless case who cannot help themselves.

Perhaps your new years resolution for 2017 should be to be more positive

(Oh and I was not surprised you did not put up any links as whilst the stats you gave were true at a moment in time there were many occasions when there were far more currencies in a worse position than sterling. And then of course devaluation can have a number of advantages

Advantages of devaluation

Exports become cheaper and more competitive to foreign buyers. Therefore, this provides a boost for domestic demand and could lead to job creation in the export sector.

Higher level of exports should lead to an improvement in the current account deficit. This is important if the country has a large current account deficit due to a lack of competitiveness.

Higher exports and aggregate demand (AD) can lead to higher rates of economic growth.)

I have a great job, great personal life and a great family.
Recently promoted and have spent alot less time on here since but with an extended holiday break decided to get the discussion rolling on Brexit implications ie currency and isolationism by starting a couple of threads on here.

What on earth are you on about? The currency has not completely collapsed.

A couple? More like a couple of thousand. And all even more boring and melodramatic with each new thread you start.

All you are doing is just peddling the same old Leave total denial and economic falsehood.

A mild devaluation at an appropriate time can indeed have a stimulatory effect..but that is not what happened with the British pound. That was a full on currency crash and that can actually have a depressive effect overall because the losses outweigh the gains, e.g. significantly increased fuel prices leads to lower profitability, lay offs, reduced growth and that in turn has a depressive and recessionary effect.

Funny that is not how I or a good number of people see it. We see it as you trolling. Fine if that is what you want to do (although it is meant to be against those ever so flexible house rules) but you are not fooling anyone.

Honestly if someone a week before the Brexit vote said to you by year end that British sterling would be used in the same sentence as the Argentine Peso as being the two worst performing currencies of 2016, would you have believed it could be true?

What, the fact that pound like all others is a free floating currency which goes down and up. In my lifetime the pound has been between $2.10 and $1.20. Can you not grasp what a floating currency is?

It's not collapsed. Still waiting for the Eur USD rate. Will we ever get it? Or are you embarrassed at being caught out??

More doom and gloom from the usual suspects I see. Funny how you don't post threads on all those who see Brexit as a golden opportunity and that the UK will grow faster once freed from the restrictions of the EU the world's only shrinking trade zone