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Sterling ends the year as 2nd worst performing global currency, what for 2017? |
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#76 |
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Join Date: May 2008
Posts: 12,479
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I'll be amazed if we don't see a bounce in sterling in the immediate aftermath of the ruling against the gov. It's an obvious trading opportunity either way and speculators won't be able to resist getting in on the action and it will create spikes in either direction (depending on the ruling). Support for sterling in the aftermath of the government losing will be buoyed by politicians playing to the cameras and talking tough. I'm sure it will be a time-limited rally for as long as it's not entirely certain the gov can and will win a vote on triggering article 50.
Bigger picture none of this very short-term forex trading really matters of course. It's the next 2-3 years we broadly agree on that really counts. And these next few years are really going to hurt those of us who need a stable currency to run our businesses most effectively. |
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#77 |
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Join Date: Mar 2015
Posts: 6,834
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So you think that a period of freefall is a good thing then?
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As long as after devaluation it stabilizes rather than continuing to rapidly freefall.
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But once freefall stoped.....
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#78 |
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Forum Member
Join Date: Feb 2013
Posts: 1,727
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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. Quote:
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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#79 |
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Forum Member
Join Date: May 2010
Posts: 578
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It helps the brexiteers sleep at night, so yes, we will be seeing this for quite some time. They seem almost proud of it. Quite bizarre!
I guess brexiteers don't leave the country much, it is has absolutely hammered those of us who enjoy travelling or buying goods from abroad, but that doesn't matter does it, because brexit is apparently good for me, even though it's left me and most of my friends and family worse off and has had a negative impact on my lifestyle. And it's not even really started yet! Let's see all the currency experts come out in 2017 and still rejoice when we are number 1 for worst performing currency...but I'm sure it will just be written off as "anti British fear-mongering". It has nowhere near recovered to pre-brexit levels either, that's total nonsense. |
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