Interest rates up

[IWalkLikeHimaMartian]

What prediction did your link provide for pound / euro.

It did not, it was purely historical. The clue was in the title:
View attachment 145879

I wasnt talking about that, do keep up

Which link did I provide that contained a prediction of the pound against the euro?

 

[EddieM]

Like I said. The global crisis hit UK harder than Europe.
Is that because the UK is more reliant on global finance, or because the EU (the euro zone) is more resilient than the pound?
Or is one a correlation (cause and effect) of the other?

How many European banks went bust during the global financial crisis?

Over 100 benefitted from governement assistance.

 

[Notch7]

Which link did I provide that contained a prediction of the pound against the euro?

You didnt, you response was irrelevant. Eh George?

 

[IWalkLikeHimaMartian]

What prediction did your link provide for pound / euro.

It did not, it was purely historical. The clue was in the title:
View attachment 145879

I wasnt talking about that, do keep up

Which link did I provide that contained a prediction of the pound against the euro?

You didnt, you response was irrelevant. Eh George?

Then what are you talking about?
Apart from using it as an excuse to resort to another ad hominem attack.

You still have not told us where you get the figure of £200bn from.

 

[IWalkLikeHimaMartian]

Over 100 benefitted from governement assistance.

Over 100 what?
Are you referring to UK or EU banks?

 

[ellal]

Perhaps we should base it on a report you have linked, to prove your point.

Oh thats right, you havent

My point is proven...

But I guess you just don't understand the reality of currency reactions to market conditions - a bit above your 'pay grade' of course...

But hey, you cling on to that load of PWC b ollox...

They are after all the ones who 'recommended' (fraudulently) that Greece met the Eurozone criteria.

And the ones who 'failed' to predict the crash despite promoting the practices that caused it...

Not to mention that they helped set up the tax 'loopholes' that Amazon use to 'avoid' paying their fair dues...

Yep, PWC sure is a source of 'knowledge' to be counted on...

I guess that's why notchy always make a fool of himself - he just doesn't know the truth from the 'fake news'

Keep on coming up with the funnies notchy

 

[Notch7]

But I guess you just don't understand the reality of currency reactions to market conditions - a bit above your 'pay grade' of course...

If you did your research you will see why the pound ended lower yesterday, although it rallied after the announcement.

So, no currency doesnt always gain after an interest rate rise and a slight fall doesnt prove your point, so your suppostion based on a crude understanding of the market is utter carp.

as usual

 

[ellal]

Poor old notchy...

Not only a broken record, but totally ignorant of how the currency markets work...

And funnily enough the pound is even lower today.
(I guess the money gamblers have a different idea to our 'all wise' notchy)

Probably something to do with an ever increasing 'no-deal' prospect, but I guess if there is a 'deal' and the pound rises notchy will argue against himself again!

 

[Notch7]

Not only a broken record, but totally ignorant of how the currency markets work...

given your posts it seems you are the clueless one.

If you had any proof you wouldve posted it

 

[EddieM]

Over 100 what?
Are you referring to UK or EU banks?

114 banks inc UK. As the UK govt "helped" RBS, Lloyds & Northern Rock. I guess the other 111 were non UK. (I'd l9ve to say i have a list, but I don't.. will have a look later).

RBS was a doozy.. but i guess maybe we'll blame the dutch for that.. or perhaps caveat emptor.. Iceland (not in the EU) nationalised all its banks when they all folded, yet to be de-nationalised.

I suppose we taxpayers got something back in the UK. The irish taxpayer was not so lucky.

Then of course theres all the Belgium, German, French, Dutch,Portuguese, Spanish, Italian & Greek bailouts.

 

[EddieM]

Missed Switzerland.

 

[IWalkLikeHimaMartian]

given your posts it seems you are the clueless one.

If you had any proof you wouldve posted it

Ad hominem attack.
Zero contribution to the discussion.

 

[IWalkLikeHimaMartian]

114 banks inc UK. As the UK govt "helped" RBS, Lloyds & Northern Rock. I guess the other 111 were non UK. (I'd l9ve to say i have a list, but I don't.. will have a look later).

RBS was a doozy.. but i guess maybe we'll blame the dutch for that.. or perhaps caveat emptor.. Iceland (not in the EU) nationalised all its banks when they all folded, yet to be de-nationalised.

I suppose we taxpayers got something back in the UK. The irish taxpayer was not so lucky.

Then of course theres all the Belgium, German, French, Dutch,Portuguese, Spanish, Italian & Greek bailouts.

So the various European governments all helped the banks through the crisis.

So the conclusion is that the euro was, and still is, more resilient than the pound.

 

[Notch7]

114 banks inc UK. As the UK govt "helped" RBS, Lloyds & Northern Rock. I guess the other 111 were non UK. (I'd l9ve to say i have a list, but I don't.. will have a look later).

RBS was a doozy.. but i guess maybe we'll blame the dutch for that.. or perhaps caveat emptor.. Iceland (not in the EU) nationalised all its banks when they all folded, yet to be de-nationalised.

I suppose we taxpayers got something back in the UK. The irish taxpayer was not so lucky.

Then of course theres all the Belgium, German, French, Dutch,Portuguese, Spanish, Italian & Greek bailouts.

interesting, 114 banks, I had no idea how far the crisis spread.

of course Deutche bank are on the brink now

 

[Notch7]

So the various European governments all helped the banks through the crisis.

So the conclusion is that the euro was, and still is, more resilient than the pound.

since the various European governments all helped that shows the weakness of the Euro.

see the Euro borrowing rate to GDP