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


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Old 27-12-2016, 17:41
d'@ve
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It's not collapsed. Still waiting for the Eur USD rate. Will we ever get it? Or are you embarrassed at being caught out??
GBP/USD is well below its pre-Brexit 31 year low. EUR/USD is only in 14 year low territory.
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Old 27-12-2016, 17:41
ireland2day
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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.
I'm genuinely not a troll.
My posts may not be to everyone's taste or narrative but I do not set out to troll or to come across as a troll.
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Old 27-12-2016, 17:42
MTUK1
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GBP/USD is well below its pre-Brexit 31 year low. EUR/USD is only in 14 year low territory.
And? It's still decreased. But the OP won't admit that.
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Old 27-12-2016, 17:44
MTUK1
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I'm genuinely not a troll.
Mt posts may not be to everyone's taste or narrative but I do not set out to troll or come across as a troll.
Yes you are. You're anti British and you just do it to wind people up. You have had the cheek to insist that present day Britain owes Ireland money for what happened in a Ireland too.
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Old 27-12-2016, 17:46
ireland2day
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And? It's still decreased. But the OP won't admit that.
When I google worst 2016 global currencies, below is what I keep getting.
British Sterling.
Argentine Peso.
Nigerian Naira.
Egyptian Pound.
Venezuelan Bolivar.
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Old 27-12-2016, 17:47
MTUK1
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When I google worst 2016 global currencies, below is what I keep getting.
British Sterling.
Argentine Peso.
Nigerian Naira.
Egyptian Pound.
Venezuelan Bolivar.
Still no Eur/usd rate I see?
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Old 27-12-2016, 17:50
ireland2day
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Yes you are. You're anti British and you just do it to wind people up. You have had the cheek to insist that present day Britain owes Ireland money for what happened in a Ireland too.
Really? Care to back that up? I think you may be mixing me up with another Irish poster?

On your point though, I will tell you where I stand.
If there was to be a united Ireland, Britain should agree to part fund the north of Ireland for a set number of years with the funding dropping incrementally by an amount each year until the agreement fulfilled.
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Old 27-12-2016, 17:50
d'@ve
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And? It's still decreased. But the OP won't admit that.
Was just answering what I thought was the point of your comment. But yep, both have performed poorly as Brexit will weaken the EU as well as us and even though it hasn't even started yet, the markets always look ahead..
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Old 27-12-2016, 17:57
Mark_Jones9
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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)
Latest UK trade figures
October 2016
£2.1 billion increase in goods exports
£0.6 billion increase in transport equipment exports
£0.2 billion increase in cars exports to a record high of £7.8 billion.
https://www.ons.gov.uk/economy/natio...ktrade/oct2016

Latest UK unemployment figures
August-October 2016
1.62 million unemployed people (16,000 fewer than May-July 2016, 103,000 fewer than August-October 2015)
https://www.ons.gov.uk/employmentand...market/dec2016
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Old 27-12-2016, 18:01
TelevisionUser
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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
...because it is a braindead economic delusion which keeps on failing to recognise that the largest part of British trade is done with other European countries and that the UK has been economically intertwined with those other EU states for the past four decades.

Sparkly new trade deals with Bhutan, Mongolia and Vietnam will not make up for all the lost business with Europe and it's quite clear now that Trump's "America First" administration intends to shaft Brexit UK and encourage businesses to relocate to the USA as very recently revealed by The Times.
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Old 27-12-2016, 18:03
MTUK1
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...because it is a braindead economic delusion which keeps on failing to recognise that the largest part of British trade is done with other European countries and that the UK has been economically intertwined with those other EU states for the past four decades.

Sparkly new trade deals with Bhutan, Mongolia and Vietnam will not make up for all the lost business with Europe and it's quite clear now that Trump's "America First" administration intends to shaft Brexit UK and encourage businesses to relocate to the USA as very recently revealed by The Times.
Err wrong. More exports are sent to the rest of the world, then the world's only declining trading block. 56/44%.
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Old 27-12-2016, 18:08
Thiswillbefun
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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.
The anti-British rhetoric comes from the Brexiters like Farage and his ilk.
Devaluing sterling is bad for Britain.
Making British business targets for buy-outs by the US, China, Germany & Japan is bad for Britain.
Cutting ties with our main trading nations is bad for Britain.
Cutting ties with our allies during an unstable political period is bad for Britain.
Destroying British jobs is bad for business.

Currencies fluctuate in trading ranges through daily interactions.
If there's a seismic change in conditions, the currency will fall into a new, lower trading range.
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Old 27-12-2016, 18:10
MTUK1
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The anti-British rhetoric comes from the Brexiters like Farage and his ilk.
Devaluing sterling is bad for Britain.
Making British business targets for buy-outs by the US, China, Germany & Japan is bad for Britain.
Cutting ties with our main trading nations is bad for Britain.
Cutting ties with our allies during an unstable political period is bad for Britain.
Destroying British jobs is bad for business.

Currencies fluctuate in trading ranges through daily interactions.
If there's a seismic change in conditions, the currency will fall into a new, lower trading range.
You have zero grasp of economics with your last comment. The pound went to €1.03 a few years ago and back up to €1.45 a few years later. So you're talking nonsense. We're not cutting ties with our main trading nations. We are escaping the folly of political union with these trading nations. But you carry on enjoying being melodramatic.
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Old 27-12-2016, 18:11
Wolfman13
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Really? Care to back that up? I think you may be mixing me up with another Irish poster?

On your point though, I will tell you where I stand.
If there was to be a united Ireland, Britain should agree to part fund the north of Ireland for a set number of years with the funding dropping incrementally by an amount each year until the agreement fulfilled.
I disagree, the day a UI handover takes place is the day the funding will stop.
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Old 27-12-2016, 18:15
TelevisionUser
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Err wrong. More exports are sent to the rest of the world, then the world's only declining trading block. 56/44%.
No, this is yet more deception and denial from you. The EU is the UK's largest trading partner and that situation will not change any time soon.

The more that Leave voters continue to resort to outright falsehood and deception, the it destroys their already feeble case.
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Old 27-12-2016, 18:17
MTUK1
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No, this is yet more deception and denial from you. The EU is the UK's largest trading partner and that situation will not change any time soon.

The more that Leave voters continue to resort to outright falsehood and deception, the it destroys their already feeble case.
It's our largest single export partner but it's not where most of our exports go to. 56% of our exports go to the rest of the world. And that figure is growing each year. While the EU figure declines How is that deception?
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Old 27-12-2016, 18:17
Mr Oleo Strut
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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.
Up and down, in and out, shake it all about'! Trouble is we're doing the Oki Koki with our currency, country and future. All based on a mess of lies and bigotry. Nothing to be proud about.
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Old 27-12-2016, 18:21
allaorta
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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.
A major purpose of ireland2day's is to show us how well Ireland is doing. If he knew just how many of the Irish don't like what is and has gone on in the name of EU membership or that there's more to come.
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Old 27-12-2016, 18:23
skp20040
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This thread is about worst performing global currencies of 2016 like British sterling and the Argentine Peso.
Actually it is about global currencies against the US Dollar that is where your figures come from..
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Old 27-12-2016, 18:26
allaorta
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Are we still doing the "stop talking Britain down" (and ignore the facts) rubbish?
More like, "The train is departing, all aboard, enjoy the journey".
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Old 27-12-2016, 18:28
ireland2day
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Nobody is addressing this story from the Telegraph earlier today warning of a rocky road for sterling in 2017 with the proposed triggering of article 50.

http://www.telegraph.co.uk/business/...ngs-final-dip/
The pound faces a rollercoaster ride next year as policymakers start the process of leaving the European Union, analysts have warned. The expected triggering of Article 50 in the first quarter of 2017 is predicted to push down the value of sterling against a basket of major currencies, dragging it to a 32-year low against the dollar.
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Old 27-12-2016, 18:28
skp20040
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Are we still doing the "stop talking Britain down" (and ignore the facts) rubbish?
And are you going to ignore the fact that the more people and the media speculate and run down the worse they can make things ?
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Old 27-12-2016, 18:33
moox
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And are you going to ignore the fact that the more people and the media speculate and run down the worse they can make things ?
The government is doing a fine job of that all by itself, telling us about how "Brexit means Brexit" and how it's now a "red, white and blue Brexit", how they "don't need to give us a running commentary" and even attempting to deny Parliament from having a say.

The media is speculating because the government doesn't want to tell us the plan. Probably because they don't have one. The pound dropped immediately after the result without the need of the press.

It's awfully rich to complain about media speculation today, given that the papers have spent decades spreading utter bollox about the EU - so much so that the EU has its own website dedicated to refuting and explaining why the UK papers have got something totally wrong.
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Old 27-12-2016, 18:39
allaorta
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Really? Care to back that up? I think you may be mixing me up with another Irish poster?

On your point though, I will tell you where I stand.
If there was to be a united Ireland, Britain should agree to part fund the north of Ireland for a set number of years with the funding dropping incrementally by an amount each year until the agreement fulfilled.
In 1969 I persistently argued the case for a united Ireland, including a rewarded repatriation of those, mainly Protestants, who didn't want to stay and that any repatriation would have a timescale of five years. But funding NI on a timescale .....never.
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Old 27-12-2016, 18:41
allaorta
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Was just answering what I thought was the point of your comment. But yep, both have performed poorly as Brexit will weaken the EU as well as us and even though it hasn't even started yet, the markets always look ahead..
If they were that good at looking ahead, how comes they've been caught so often?
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