The pound

[PM-Junkie]

...UK interest rates slashed by 33%, yet the pound is up on the day on both the Euro and the dollar?

Maybe it says more about the US economy and the economy of the Eurozone than it does about ours?

[swamp]

...UK interest rates slashed by 33%, yet the pound is up on the day on both the Euro and the dollar?

Maybe it says more about the US economy and the economy of the Eurozone than it does about ours?

Probably already discounted. Interest rates are heading to zero, and everyone knows it.

[dang65]

...UK interest rates slashed by 33%, yet the pound is up on the day on both the Euro and the dollar?

Maybe it says more about the US economy and the economy of the Eurozone than it does about ours?

No, it says that my January invoice has just been paid in Euro and is about to be exchanged by the bank into Sterling.

[ace00]

Apparently:

The pound climbed to $1.4721 from $1.4639 as analysts suggested Britain's economic downturn might not be as prolonged as previously thought.

Boomed.

[Mich the Tester]

Maybe it suggests than nobody has a bloody clue what's going on or what's going to happen.

[AlfredJPruffock]

Maybe it suggests than nobody has a bloody clue what's going on or what's going to happen.

Perhaps the economists are reading CUK ??

Back in mid-December with the pound nearing parity and people pronoucing that the pound was dead - I predcited on CUK that by March Sterling would gain beween 15 and 20 per cent - its up 12 per cent since my prediction so - just maybe - I will be proven correct here - against all Odds.

Time Will Tell.

Mind you - if you one or two people at the top the tree - you can pick up one or two useful tips.

Say no More !


But - Poetry is much more fun that Economics ... so to DA's relief I shall stick to the Poetry - you see Dodgy I do value your advice.

[BlasterBates]

Well Ireland is raising taxes to pay off the debts, weheras the BOE are planning to throw open the printing presses, pay off the debt and pop the champagne corks....

Stuff the Euro lets all join the pound.

[AlfredJPruffock]

Well Ireland is raising taxes to pay off the debts, weheras the BOE are planning to throw open the printing presses, pay off the debt and pop the champagne corks....

Stuff the Euro lets all join the pound.

Spoken like a Gentleman !

Come back to Blighty BB all is forgiven !

PS we will allow Switzerland to join the Pound - if it wants to.

PPS We Shall Never Surrender our Precious Pound ...... fades to Land Of Hope and Glory ...