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

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niceguy1966

29-12-2016

Originally Posted by aurichie:
“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.”

I tend to ignore daily spikes and drops, and focus on the longer term movements. I agree there will be speculators moving the currency whichever way the SC rules, but a week later, it will be back where it started (IMO).

Mark_Jones9

29-12-2016

Originally Posted by GibsonSG:
“So you think that a period of freefall is a good thing then?”

During the freefall no. If and when the currency stabilizes at a far lower value yes.

Originally Posted by Mark_Jones9:
“As long as after devaluation it stabilizes rather than continuing to rapidly freefall.”

Originally Posted by Mark_Jones9:
“But once freefall stoped.....”

Icaraa

29-12-2016

Originally Posted by ireland2day:
“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.”

Seems perfectly reasonable. It's hardly a prosperous, thriving part of the United Kingdom.

Originally Posted by MTUK1:
“Err wrong. More exports are sent to the rest of the world, then the world's only declining trading block. 56/44%.”

Who gives a crap if it's declining? Ridiculous.

Joe1500

29-12-2016

Originally Posted by Blofeld:
“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.”

I have two foreign holidays a year and voted to leave the EU. The nature of political changes is that there will be winners and losers economically, but that's democracy for yer.

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