More good news for you - the Euro is back up to nearly the same value as the dollar!
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Pound at all time low? Well that was a lot of fuss about nothing...
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Ellal was giddy with excitement at the drop. So giddy that he posted a thread about it but it stopped dropping and went back up, not down further. A blip. That’s good news in my book, is it not in yours?
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Well, yeah, obviously, otherwise it'd achieve parity with the dollar and who knows what madness would ensue in the financial market. The Americans are making damn sure to protect their own economy and in uncertain times traders will seek to protect their position with the Dollar. I guess it's why people trading for peanuts are warned 'be aware the value of your investment may go down...'
Maybe someone should inform Kamikwasi about that before he starts spouting off about cutting taxes without really having to do so.
Mottie's careful selection of a narrow band of data to suit his narrative, again.
(6 days instead of 6 years!)
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D
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The problem is that Johnson and Brexit have both been unmitigated disasters for the UK with world confidence in Sterling and the UK government at an all time low (as evidenced by the lack of inwards investment). So, maybe it is you who should be posting positives to support your contention
Motties 'careful selection' post was in response to ellals "Sterling sank again on Thursday morning, dipping below $1.16 on the currency markets" thread whilst ignoring that other currencies also fell due to a strong dollar. I posted that it has stopped dropping and started rising. What don’t you understand about that?Mottie's careful selection of a narrow band of data to suit his narrative, again.
(6 days instead of 6 years!)
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By that reasoning, the halt in the dropping pound and it starting to climb shows that confidence in Sterling and the UK government is rising. Again, that’s good news, isn’t it?
Miseducation.
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if you consider that is good news overall then you must have your mind and eyes closed.
yes it is good in relative terms of 2 weeks. But it would have been different if you had included another week even, if you can't find a graph to cover 6 years or more.
It's like saying once the tyre is flat and been pumped up again it's good news. But it's only good news if the reason the tyre was flat was sorted.
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You do have a very short term view
At last! You’ve finally got the point of this thread.
It’s a short term view post. Already explained, can’t break it down it any simpler for you. Sorry.
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oh I see 2 weeks only.
Did you watch that movie?
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