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I've never seen such uniform concern on a single theme before.
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If we voted to leave it was obvious that special interests would short the pound to make people think again and then calls for a second referendum. During the so called financial crisis the pound lost out to the dollar quite lot.
So why has ti taken a while to come out?
My old silver coins are doing quite well on the other hand. And that nice Mr. Wilson always said that the pound in my pocket was safe. Meanwhile the wide boys in the trading markets are having a good time. There has been the view of some that the pound needed correction soon and the property boom was unsustainable. We could be about to find out.
Ah that nice Mr Wilson
Did you trust that pipe?
Have a listen to that speech: http://www.youtube.com/watch?v=-IHVQU9BSks
At least it was a real Norther Accent and not the Received Pronunciation of the Eton lot!
I was seven at the time and was sat watching the T.V calculating the likely rightward shift in the aggregate demand curve ( joke!).
Unfortunately there isn’t really a potential limit to the downside of the pound given we don’t know what the UK economy will look like going forward. But that might just be project fear talking. I hear Michael Gove has bought next year’s foreign holiday currency already though.
Don’t say Brown, say Wilson. Remember when it was five bob to a dollar? Half a dollar, two- and-a-kick? 1949. No, me neither, but I do recall $2.80 to the pound. Jumpers for goalposts…
Its a good job that people listened to the experts… oh wait, what!
I’m still waiting for Boris to make his public apology… what do you mean he’s run off?
And then there is that nice Mr Gove saying that experts were like Nazi Collaborators ganging up against the good guys… what do you mean he retracted it, and has since stabbed Boris in the back?
Then there is Fartarse, he said we would get our country back… what do you mean back to the 1800’s?
What a farce.
Property needs correction and as for the pound, well, the theory has been around for a while that one of the real aims of the referendum was to create instability from which the Tory’s hedge-fund backers could handsomely profit. No surprises there then.
Surely you can’t mean this fellow?
https://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=FBFB1&univ=O
Check the date that the latest price rise began.
Worth a read in my view.
http://stephansmithfx.com/articles/how-a-weak-currency-affects-an-economy/
http://stephansmithfx.com/articles/how-a-strong-currency-affects-an-economy/
“The primary benefit of a strong currency is to be able to get foreign goods and services at lower prices. That’s it.”
It’s not a bad thing to do
It’s also not true
You’re confusing me Richard, what was not true in the two articles about the economic pros and cons of a strong or weak currency?
What I am saying that this is not the only issue, as you imply