The pound could fall to a 35 year low.

[bert bloggs]

just read that due to the Brexit problems with the EU and covid ,the pound could fall to a 35 year low ,,it just seems to get worse ,why is it always the pound ?

[worgeordie]

I suspect speculators have a lot to do with the moments in value

of the Pound, they see a weakness,and bet against it,the problems

for the UK are many and with no good news,expect it to fall more.

 

The whole World seems to be in financial turmoil,historically low 

interest rates,it seems everything must be done to help those in debt,

everything is upside down.

regards Worgeordie

 

[1Gringo]

not just the pound, sorry to say.

[gamini]

Its Johnsons obssession with brexit. Threatening to leave the EU without a deal. Britain has one of the highest mortality per capita rate in the world from the virus. It should be the governments top priority. Brexit can wait.

[Guderian]

5 hours ago, bert bloggs said:

just read that due to the Brexit problems with the EU and covid ,the pound could fall to a 35 year low ,,it just seems to get worse ,why is it always the pound ?

After 2008 the markets know full-well that the BoE will do nothing whatever to support Sterling. Indeed, under Mark Carney the central bank actively tried to trash the currency (and largely succeeded, too, unfortunately). If you're a trader looking for a safe bet, shorting the pound is a dead cert when there's bad news or lots of uncertainty around.

[david555]

Don't worry...! As so long told by your U.K. ministers " the E.U. go flat belly always  at last moment ", giving you all you want to have ….." as they (E.U.) always do " (they say …)

 

So keep believing them , as hen at least you sleep good mean time  …..until the awakening ...????end June when no extending is anymore  possible .

Edited May 18, 2020 by david555

[NightSky]

1 hour ago, david555 said:

Don't worry...! As so long told by your U.K. ministers " the E.U. go flat belly always  at last moment ", giving you all you want to have ….." as they (E.U.) always do " (they say …)

 

So keep believing them , as hen at least you sleep good mean time  …..until the awakening ...????end June when no extending is anymore  possible .

 

translate to English please?

[Paul DS]

It is not just the UK just that has problems, it is ALL countries that look after there people.

 

Most 1st World Countries have stepped up and "bailed" out industries, they have assisted everyone with Government aided income, they have massively upped there medical services, they are doing everything possible to maintain a real life with a future.

 

What has Thailand done?  Nothing, (apart from a few gifts of cash ie 1-5000 bant)

There businesses simply close. (Think about Thai Airways, maybe going Bankrupt absolving them of investor debts)

There medical services continue as before (have you ever been to Banglamung Hospital and seen patients lying on the floor)  (apart from miracle herbal cures!)

1000's standing in a line wating for a meal...not assisted though from the Junta Government.

Its back to the villages, farming a meagre existence.

 

Do you REALLY believe the infection / death rate in Thailand? If you looked you will see that virtually all the countries that have a low rate are poor destitute countries, ie Sudan, Yemen, Iran, North Korea, Haiti, Mozambique, Venezuala, Congo, Morocco, etc etc  and of course Thailand!

 

Enough said!!

 

Thailand has no state debt, because they do not look after there country!

 

 

Edited May 18, 2020 by Paul DS

[david555]

1 minute ago, NightSky said:

 

translate to English please?

https://translate.google.com/?hl=En

do-it-yourself  ????

 

Did it hurt ..? I was just mentioning the options ????

[Davo369]

2 hours ago, gamini said:

Its Johnsons obssession with brexit. Threatening to leave the EU without a deal. Britain has one of the highest mortality per capita rate in the world from the virus. It should be the governments top priority. Brexit can wait.

 

[soalbundy]

40 minutes ago, NightSky said:

 

translate to English please?

An unwise comment, he may do just that.

[soalbundy]

7 hours ago, worgeordie said:

I suspect speculators have a lot to do with the moments in value

of the Pound, they see a weakness,and bet against it,the problems

for the UK are many and with no good news,expect it to fall more.

 

The whole World seems to be in financial turmoil,historically low 

interest rates,it seems everything must be done to help those in debt,

everything is upside down.

regards Worgeordie

 

The West has been living on debt for too long, it works as long as your investors have the confidence that you can continue to service the debt and pay the interest which they could because their GDP expanded each year and the tax money rolled in at ever increasing rates, but now....Countries are going into recession, unemployment and social support reduces tax revenue and there doesn't seem to be a silver stripe on the horizon, there is no engine to suck in your exports because everybody is in the same boat and Trump with his tarif mania is making things worse. 

[Fairynuff]

Tories. That sums it up. Of course there’s a lot more to say but the usual lot will already banging their keyboards in fury

[Baerboxer]

2 hours ago, david555 said:

Don't worry...! As so long told by your U.K. ministers " the E.U. go flat belly always  at last moment ", giving you all you want to have ….." as they (E.U.) always do " (they say …)

 

So keep believing them , as hen at least you sleep good mean time  …..until the awakening ...????end June when no extending is anymore  possible .

 

And the Euro is doing so wonderfully well at the moment!

 

With Germany in recession, looking likely for a double dip of Covid 19 and with an economy that was tanking even without the virus pandemic; with German courts ruling against the supremacy of EU courts and EU law; with Italians looking completely fed up with the EU; with Poles and Hungarian governments getting further away from the Brussels bureaucrats ideology and dictatorial attitudes; etc etc etc

 

There might not be an EU as such much longer. Germany getting fed up with funding France's toy.

[Baerboxer]

13 minutes ago, soalbundy said:

The West has been living on debt for too long, it works as long as your investors have the confidence that you can continue to service the debt and pay the interest which they could because their GDP expanded each year and the tax money rolled in at ever increasing rates, but now....Countries are going into recession, unemployment and social support reduces tax revenue and there doesn't seem to be a silver stripe on the horizon, there is no engine to suck in your exports because everybody is in the same boat and Trump with his tarif mania is making things worse. 

 

Yes, your right about the debt and worries about servicing it, regrading of credit ratings etc. 

 

Unfortunately the developed world has a history of turning to war at times like this. Great way to divert the plebs attention and control them; and helps with the natural cull too!

 

Let's hope not. Too many nutter leaders at the moment though - and all seem to be itching to change the world order again - which always means calamity for the masses.

[david555]

1 minute ago, Baerboxer said:

 

And the Euro is doing so wonderfully well at the moment!

 

With Germany in recession, looking likely for a double dip of Covid 19 and with an economy that was tanking even without the virus pandemic; with German courts ruling against the supremacy of EU courts and EU law; with Italians looking completely fed up with the EU; with Poles and Hungarian governments getting further away from the Brussels bureaucrats ideology and dictatorial attitudes; etc etc etc

 

There might not be an EU as such much longer. Germany getting fed up with funding France's toy.

Not at all doing good , did I mentioned that the Euro was doing good , I don't think so …..O.Poster was talking about the Pound so my post was related to that .

Diverting as usual …?

[jesimps]

2 hours ago, gamini said:

Its Johnsons obssession with brexit. Threatening to leave the EU without a deal. Britain has one of the highest mortality per capita rate in the world from the virus. It should be the governments top priority. Brexit can wait.

The PM is just carrying out the wishes of the majority of the British public who could be bothered to vote in the referendum. Being obsessed with doing as the voters wish is no bad thing, despite you attempting to make out that it is.

[bert bloggs]

10 minutes ago, Fairynuff said:

Tories. That sums it up. Of course there’s a lot more to say but the usual lot will already banging their keyboards in fury

and you think Labour under Corbyn and Abbott would have been so much better? must be great in your fairyland .

[Mavideol]

3 hours ago, gamini said:

Its Johnsons obssession with brexit. Threatening to leave the EU without a deal. Britain has one of the highest mortality per capita rate in the world from the virus. It should be the governments top priority. Brexit can wait.

if he was as smart as he thinks he is, he would stop the all brexit process and joining forces with other members to stimulate the UK economy, by going at it alone will be very hard.... union frait la force= unity is strength

[Fairynuff]

Just now, bert bloggs said:

and you think Labour under Corbyn and Abbott would have been so much better? must be great in your fairyland .

If that’s really the best you can manage you should probably stick to talking about beer

[Fairynuff]

8 minutes ago, jesimps said:

The PM is just carrying out the wishes of the majority of the British public who could be bothered to vote in the referendum. Being obsessed with doing as the voters wish is no bad thing, despite you attempting to make out that it is.

He’s carrying out the wishes of the people who bankrolled him. You still haven’t realised that he doesn’t give a toss about normal people? 

[bert bloggs]

2 minutes ago, Fairynuff said:

If that’s really the best you can manage you should probably stick to talking about beer

sorry as i dont drink(well wine now and again)  ,i never discuss beer 

[bert bloggs]

1 minute ago, Fairynuff said:

He’s carrying out the wishes of the people who bankrolled him. You still haven’t realised that he doesn’t give a toss about normal people? 

and you know this how?

[Fairynuff]

1 hour ago, NightSky said:

 

translate to English please?

Yeah, of course you could do much better in his native language right?

[Fairynuff]

3 minutes ago, bert bloggs said:

sorry as i dont drink(well wine now and again)  ,i never discuss beer 

Stick to your whine then. Trying to be clever isn’t working for you.

[bert bloggs]

Just now, Fairynuff said:

Stick to your whine then. Trying to be clever isn’t working for you.

sorry but i was not being clever ,just asking you a question ,as you obviously are unable to answer i will pop off and have my tea. and allow you to carry on "whineing"

[Berkshire]

3 hours ago, 1Gringo said:

not just the pound, sorry to say.

If all currencies are going down, then the value of the pound remains the same.  As for the almighty THB....it sure does defy gravity these days.

[Pedrogaz]

It could fall to an 35 year low but it could also rise to an 80 year high.

[phantomfiddler]

3 hours ago, gamini said:

Its Johnsons obssession with brexit. Threatening to leave the EU without a deal. Britain has one of the highest mortality per capita rate in the world from the virus. It should be the governments top priority. Brexit can wait.

It,s that weather. I wanted to die and I wasn,t even down with anything ????

[Chongalulu]

3 hours ago, gamini said:

Its Johnsons obssession with brexit. Threatening to leave the EU without a deal. Britain has one of the highest mortality per capita rate in the world from the virus. It should be the governments top priority. Brexit can wait.

Belgium,Spain and Italy have higher death rates (per capita) and uk is similar to France. 
Brexit has already happened,the transition period Is what it is in now. Even the new Labour leader Keir Starmer doesn’t advocate extending. Apart from ALL that you’re quite accurate ????