Menu
Sister Sites

  • Haldane: Work, Wages and Monetary Policy

    From bankofengland.co.uk Story is in PDF Format

    It is wonderful to be here in Bradford, just a few miles away from where I grew up. The City has of course a rich commercial history dating from the Industrial Revolution. Back then, it was a thriving hub for textiles and other manufacturing industries. The City’s architecture bears witness to the rich civic investment that took place around this time, with the public and private sector often working in partnership. The decline of the UK textiles industry from the mid - 20th century was mirrored in Bradfo rd’s own fortunes. Like many industrial cities, Bradford went through a wrenching transition and still bears ... (full story)

bye bye, GPB rockets
Invest in alarm clocks
he's sellin GU, let's jump in
"If you run, you'll only die tired." - Sniper's philosophy
spike up for correction...find sell setup from high now
Newbie trader but full of surprises
GBP/USD up to north, but wait, it will go south after few ninutes from this information.
i am short to south from 1.2682 to take profit 1.2660
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
Now sell again
Quote
This is part of a renewed effort by the Bank, under Mark Carneys leadership, to engage with as wide a
cross-section of people, and as broad a range of views, as possible. Events of the past twelve months
indeed, events of the past twelve days have illustrated just how important it is for policymakers to do so.
To listen as often as we speak; to try and better understand the issues people tell us matter to them, rather
than the issues we tell them ought to matter to them; to close that gap between us and them. With the
fortunes of the economy uncertain, the value of this grassroots intelligence has never been great

The BoE is projecting an image of trying to grow up but is it capable of doing that? When they encounter the views of other people, of "as wide a cross-section of people" as possible, will they be able to keep doing their actual job of making the decisions that run the economy?

Add: Is it too little too late? Can they find ways to change the status quo now and actually fix the systemic issues?

Add2: IMO, when you put so much power in the hands of 8-9 people it's hard for them to move away from the status quo. The CB will keep doing what central banks have done in the past. They will keep rates as they are for a while, then starting in November/December to raise rates rapidly through next year to slow down runaway credit (which will come as inflation accelerates). The raising of rates will lead to more rushing by people to get in while interest on credits is low, fuelling inflation and leading to more raising in a cycle similar to US in 2001-2008
Sell sell sell!!!! Hahaha and crying emoj
GBP is undervalued. The fact is negotiation with EU will be positive for GBP and trying to steal the brexit would be positive for the pound either.
Retail traders are heavily selling GBP.

I am buying the lows. GBPUSD is bullish above 1.24 , 1.28 is next breakout level.
Quoting RBlackburn
Sell sell sell!!!! Hahaha and crying emoj
yeah lol i dunno why all these people are giving such advices. After a spike like this is possibile and probable a consolidation. GBP don't need more lows. I can be wrong but at least im not sentencing.
Quoting Bd888
GBP is undervalued. The fact is negotiation with EU will be positive for GBP and trying to steal the brexit would be positive for the pound either. Retail traders are heavily selling GBP. I am buying the lows. GBPUSD is bullish above 1.24 , 1.28 is next breakout level.
Looking back 10 years on EURGBP, GBP is pretty much normally valued right now (EG is slightly above the median) and in the middle of a downtrend (uptrend for EG).
So now we've got the answer... Yesterday Carney's speech was a smoke bomb... They wanted to push the price higher or lower depending on which currency pair you look at (GBP currency pairs) so the MM could buy or sell at the better price... And now we're going the opposite direction... That's how the market works... Never get fooled by what you read... Always trust your instinct and PA analysis...
Eat Sleep Trade Repeat
back towards 1.3 imo for longer term. Should get apullback today to buy
Adriaaaaan
i think sell GBP is still most suitable at the moment you just have to catch the push ups and sell from there
target confirmed, 1.2595
or..
1.2615 at least
"If you run, you'll only die tired." - Sniper's philosophy
If someone gives advice here weather to buy or sell they should say which currency pair they trade and is it a scalp,medium or long term trade... We should try to help each other here... All this mixed signals only confuse people... I see GBP strengthening in the long run... Especially that after today's news the chance for a hike rose from 20 % yesterday to 40 %...
Eat Sleep Trade Repeat
Quoting Kauzen
If someone gives advice here weather to buy or sell they should say which currency pair they trade and is it a scalp,medium or long term trade... We should try to help each other here... All this mixed signals only confuse people... I see GBP strengthening in the long run... Especially that after today's news the chance for a hike rose from 20 % yesterday to 40 %...
Lol, spoonfeeding should stop at 2-3 years old at most. Don't think people here are at the age where they should feel entitled to being spoonfed.
Quoting alexpi
{quote} Lol, spoonfeeding should stop at 2-3 years old at most. Don't think people here are at the age where they should feel entitled to being spoonfed.
You should not listen to anyone on here for advice on trades, most people that dont know their arse from their elbow..!!! let alone how to read a chart.......

Always do your own technical analysis, fundamentals just give temporary movements unless its a major event, and they only happen a few times a year
Quoting Kauzen
If someone gives advice here weather to buy or sell they should say which currency pair they trade and is it a scalp,medium or long term trade... We should try to help each other here... All this mixed signals only confuse people... I see GBP strengthening in the long run... Especially that after today's news the chance for a hike rose from 20 % yesterday to 40 %...
You should not listen to anyone on here for advice on trades, most people that dont know their arse from their elbow..!!! let alone how to read a chart.......

Always do your own technical analysis, fundamentals just give temporary movements unless its a major event, and they only happen a few times a year
Quoting alexpi
{quote} Lol, spoonfeeding should stop at 2-3 years old at most. Don't think people here are at the age where they should feel entitled to being spoonfed.
I'm talking about constructive exchange of thoughts here... I think that is the whole point of being FF member... If you don't know whats the difference you're in a wrong place mate...
Eat Sleep Trade Repeat
Quoting Josh657
{quote} You should not listen to anyone on here for advice on trades, most people that dont know their arse from their elbow..!!! let alone how to read a chart....... Always do your own technical analysis, fundamentals just give temporary movements unless its a major event, and they only happen a few times a year
I know... But thanks anyway... I'm here to exchange thoughts with other FF members but it annoys me when I see nonsense like this here... You can find people here that know what they're doing... All the best with your trading...
Eat Sleep Trade Repeat
when is these kinds of news released and how to detect the right direction to trade
Quoting Kauzen
If someone gives advice here weather to buy or sell they should say which currency pair they trade and is it a scalp,medium or long term trade... We should try to help each other here... All this mixed signals only confuse people... I see GBP strengthening in the long run... Especially that after today's news the chance for a hike rose from 20 % yesterday to 40 %...
Would be utterly stupid to trade anyone elses trades but your own. My opinion is that 90% here don't trade their calls at all.
Quoting 1pipperhour
{quote} Would be utterly stupid to trade anyone elses trades but your own. My opinion is that 90% here don't trade their calls at all.
I didn't say that I want to trade other people ideas... Let me make myself clear... People here should leave constructive comments about what they think is going on in the market... That is the whole point of being a FF member isn't it... ?? To talk and exchange thoughts not to Troll like some do... So when someone post that they buying or selling the market they should say what market is it and what type of trade is it... Is it short or long term position... So then we all could look at this and make our own mind... I think that's the whole point of being a member here... If not why the hell we all signed up here... Something to think about for some...
Eat Sleep Trade Repeat
Quoting Kauzen
If someone gives advice here weather to buy or sell they should say which currency pair they trade and is it a scalp,medium or long term trade... We should try to help each other here... All this mixed signals only confuse people... I see GBP strengthening in the long run... Especially that after today's news the chance for a hike rose from 20 % yesterday to 40 %...
you make me want to exit my long gu right away
hope i am feeling wrong about this.
Quoting alayinizAMK
{quote} you make me want to exit my long gu right away hope i am feeling wrong about this.
I don't have a crystal ball... So I won't tell you what's going to happen for sure... I personally think that in the long run GBP will strengthen... As they say buy the rumour sell the news... For me jumping from 20 % to 40 % it's a good rumour... That's the long run as I mentioned... I'm not a day trader or a scalper so I won't say anything about that... Always looking at the big picture... Good luck with your trading...
Eat Sleep Trade Repeat
i am very close to hit close button on my trade
don't make me this pal. I will curse you if reverses again, you don't know how annoyed i am about gbp right now.
Quoting alayinizAMK
i am very close to hit close button on my trade don't make me this pal. I will curse you if reverses again, you don't know how annoyed i am about gbp right now.
Do what you want it's your money... Have your trading plan and stick to it... That's all what I would say to anyone... You won't then blame others for your mistakes... Be honest with yourself...
Eat Sleep Trade Repeat
Quoting alexpi
Hidden
Actually there is a set of rules here and we all agreed to obey them by creating our accounts... Read them carefully before you post anything here because you're the one that don't know what you could and should post here... Yes I said it again ''should''...
Eat Sleep Trade Repeat
Just look at the chart in this article... 20 % jump in one day... Soon it's going to be 60 % and then 80 % and then 100 %... That's what market thinks... Buy the rumour...
Eat Sleep Trade Repeat
https://www.bloomberg.com/news/articles/2017-06-21/boe-s-haldane-sees-case-for-raising-interest-rates-this-year
Eat Sleep Trade Repeat
What are these F*****Policy makers are talking!!! Very near Past( yesterday)BOE Governor Mark Carney's emphasis on weak wage growth in the U.K. that meant it was likely too early to raise interest rates impacts markets after last week's BOE minutes unexpectedly showed three out of eight policymakers voted to raise rates due to high inflation. U.K. gilt yields trade at 1.003%, according to Tradeweb, down from around 1.0380% before the comments. The FTSE 100 index gains, last up 0.4% at 7555.45, down from around 7524 beforehand, benefiting from a resultant drop in the pound. Sterling turns lower.
Quoting Tony112
bye bye, GPB rockets
The Pair Rallied back South to 2650 from where it Rockects at the start of speach of MPC member!!!!!
Quoting tomiko
target confirmed, 1.2595 or.. 1.2615 at least
Confirmed by who? Not the chart, thats for sure...as the chart wants 1.2850.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 1,220.4%
Problem with GU no one know how big the impact after UK is 100% out from Eu. GU will go down
Brexit start when UK 100% out from EU. Right now just talk
Quoting Kauzen
So now we've got the answer... Yesterday Carney's speech was a smoke bomb... They wanted to push the price higher or lower depending on which currency pair you look at (GBP currency pairs) so the MM could buy or sell at the better price... And now we're going the opposite direction... That's how the market works... Never get fooled by what you read... Always trust your instinct and PA analysis...
GBPUSD.
Quoting alexpi
{quote} Looking back 10 years on EURGBP, GBP is pretty much normally valued right now (EG is slightly above the median) and in the middle of a downtrend (uptrend for EG).
EURGBP is not the indicator of GBPUSD. Check the monthly chart of GBPUSD after 1992 crash which was made by George Soros. GBPUSD range is 1.45-1.70 . We will see in the 1.45 before December. Stop following News and noise and follow technical.
Quoting Bd888
{quote} EURGBP is not the indicator of GBPUSD. Check the monthly chart of GBPUSD after 1992 crash which was made by George Soros. GBPUSD range is 1.45-1.70 . We will see in the 1.45 before December. Stop following News and noise and follow technical.
1992, lol. Take care with the technicals you refer to because we're trading the current and future imbalances. The world has changed monumentally since 1992 and even referring to 2007 is a bit of a stretch, given the geopolitical and economic changes that have happened since then.

If you think technicals from a quarter century ago are more important than the current situation and current trend you're in for losses.

Good luck!
Quoting alexpi
{quote} 1992, lol. Take care with the technicals you refer to because we're trading the current and future imbalances. The world has changed monumentally since 1992 and even referring to 2007 is a bit of a stretch, given the geopolitical and economic changes that have happened since then. If you think technicals from a quarter century ago are more important than the current situation and current trend you're in for losses. Good luck!
Yes, Geopolitical and economic situation changed but which will bring GBP more strength in near future. EU zone was sinking ship. I think you have a misunderstanding with how economy works! 10 years wave will complete at 2018-2019. https://www.youtube.com/watch?v=PHe0bXAIuk0 might help you.

Next range of GBP is 1.35-1.40 and then 1.40-1.45 . As I told you I don't follow noises by BOE or others.
  • New Comment
  •  Guest
  • | IP XX.XXX.97.138
Join FF
  • Story Stats