Gbp

[fullyautomatix]

GBP is sinking against dollar and other major currencies ( even Zimbabwe dollar probably, I can't be arsed to check).

I can't help thinking something major and bad might be in the air. Will this be the first major test for the Cameron/Vince Cable abilities ?

[HairyArsedBloke]

GBP is sinking against dollar and other major currencies ( even Zimbabwe dollar probably, I can't be arsed to check).

I can't help thinking something major and bad might be in the air. Will this be the first major test for the Cameron/Vince Cable abilities ?

[suityou01]

WHS + 1

It's a bit like noting that this "battle of Britain" lark ze Germans are cooking up might be bad.

Yes auto, this is bad. PM me for a very simple Visio diagram I have regarding the topic. It is quite simple and includes our economy and a Monty Python style foot (with raspberry noise). Rewarding, entertaining and factual.

[d000hg]

something new, fool. We've been screwed for ages, why now when the focus is on Eurozone?

[suityou01]

something new, fool. We've been screwed for ages, why now when the focus is on Eurozone?

OK, put simply :

Interbank lending collapsed - leading to the collapse of Lehmans. This was largely American interbank lending that dried up, but then the "contamination" went global.

At the minute, the interbank lending in Eurozone is drying up, owing to Greece, and so the markets are twitchy. To say this has the potential to go global is a bit like saying the sun "may" come up tomorrow morning around dawn.

HTH

[fullyautomatix]

WHS + 1

It's a bit like noting that this "battle of Britain" lark ze Germans are cooking up might be bad.

Yes auto, this is bad. PM me for a very simple Visio diagram I have regarding the topic. It is quite simple and includes our economy and a Monty Python style foot (with raspberry noise). Rewarding, entertaining and factual.

Well simple things especially on a Visio diagram flies over my head most times. Cant you post that thingummy in here so everybody can have a butchers at it ?

[suityou01]

Well simple things especially on a Visio diagram flies over my head most times. Cant you post that thingummy in here so everybody can have a butchers at it ?

Can't imagine a large wibbly wobbly blob getting stamped on by the Monty Python foot? Try. It's liberating

[d000hg]

OK, put simply :

Interbank lending collapsed - leading to the collapse of Lehmans. This was largely American interbank lending that dried up, but then the "contamination" went global.

At the minute, the interbank lending in Eurozone is drying up, owing to Greece, and so the markets are twitchy. To say this has the potential to go global is a bit like saying the sun "may" come up tomorrow morning around dawn.

HTH

Not really. As in t'other thread, Euro is in crisis. So why is GBP not gaining against EUR?

[fullyautomatix]

The Euro 700 billion bailout was announced and the markets zoomed only about a week back.

So what has changed now ? Why the GBP collapse?

Something major is in the air and most of the CUK posters who are do not know exactly what it is.

[suityou01]

Not really. As in t'other thread, Euro is in crisis. So why is GBP not gaining against EUR?

There is a reason, and I have the answers. I just am tired after all this SAS bashing and need sleep. Can we pick this up again tomorrow, say around 9? If you all sit cross legged on the story telling mat around this time I can fill you in.