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Pound falls 4.6%, biggest fall in 6 years


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13 hours ago, Mac Mickmanus said:

Or  you could cherry pick some other dates ?

Simply charting the last 12 months isn't exactly cherry picking! What happened 1, 2, 3 4, 5 year ago is hardly relevant to the current plight of the UK economy is it?

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On 9/1/2022 at 7:45 PM, Stocky said:

The GBPeso is going one way only, and I see no good news on the horizon to change that.

 

88814327_(BritishPoundThaiBaht)-X-Rates.jpg.cb78859f95d95b1459cdc38ae3d83e65.jpg

 

The GBPeso is being forced down by unsuitable candidates for pm. 

1 a woman

2 a non white

 

Once the uncertainly is over it will rise again as it always does. 

 

Now explain the fall of the oz, NZ, can and euro pesos! 

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On 9/4/2022 at 1:09 PM, BritManToo said:

The GBPeso is being forced down by unsuitable candidates for pm. 

1 a woman

2 a non white

 

Once the uncertainly is over it will rise again as it always does. 

 

Now explain the fall of the oz, NZ, can and euro pesos! 

Maybe. btw, which uncertainty? Isn't "1" the one?

 

Or maybe, it's the dramatically rising cost of energy compounded by the announcement that NordStream2 will not stream as much as hoped this winter. Domino effect on all western markets.

The bill should be picked up by the one country that is really behind this prolonged so-called Ukr-Rus war.

The US dollar affected less due to the aggressive defensive policy of its central bank, but its economy  still feeling the pain and entering recession.

 

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