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Cable Update (GBPUSD)

  • #222,221
  • Apr 28, 2010 8:47am Apr 28, 2010 8:47am
Quoting cloggie
We may see Italy first.
Line 'em up! let's take pot shots
  • #222,222
  • Apr 28, 2010 8:48am Apr 28, 2010 8:48am
Could the UK face the same problems as Greece?

http://news.bbc.co.uk/1/hi/business/10089494.stm

Another interesting article for your comsumption pleasure. So far Britain has the benefit of doubt that it will enact austerity measures, but its time will come!
  • #222,223
  • Apr 28, 2010 8:50am Apr 28, 2010 8:50am
Quoting The Magician
Those euro countries are dropping like flies! I agree that Italy could well be next! And the UK isn't in a great position either!

once again I took my profits too early! Dammit!!

ps, cloggie, I really like your strategy with MAs!
at least uk can just print money and pay people back with that

doesnt help the ex rate but at least they wont default

so long as they borrowed in gbp of course....
  • #222,224
  • Apr 28, 2010 8:51am Apr 28, 2010 8:51am
Quoting allserene
at least uk can just print money and pay people back with that

doesnt help the ex rate but at least they wont default

so long as they borrowed in gbp of course....

A simpler solution would be to devalue the pound.
  • #222,225
  • Apr 28, 2010 8:52am Apr 28, 2010 8:52am
Quoting allserene
at least uk can just print money and pay people back with that

doesnt help the ex rate but at least they wont default

so long as they borrowed in gbp of course....
It won't help with inflation either! It will be the only way out over the long run! It will really hurt people with no fixed mortgages!
  • #222,226
  • Apr 28, 2010 8:54am Apr 28, 2010 8:54am
Quoting bbakker
It won't help with inflation either! It will be the only way out over the long run! It will really hurt people with no fixed mortgages!


the only way to save there azz is 1pound = 1 dollar
  • #222,227
  • Apr 28, 2010 8:56am Apr 28, 2010 8:56am
I was thinking about the Greek warning to investors yesterday - I was wondering if EU Govts ever go into the MKT and buy EUR to control its valuation? Would they do that soon as there is so much net short?
I have no enemy; I make Incautiousness my Enemy.
  • #222,228
  • Apr 28, 2010 8:56am Apr 28, 2010 8:56am
im playing nostradamus today or what , 1st chart was the possible scenario i was thinking of and look where we are now..... i took long at 1.5160 lets see how it goes
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  • #222,229
  • Apr 28, 2010 8:57am Apr 28, 2010 8:57am
Quoting allserene
at least uk can just print money and pay people back with that

doesnt help the ex rate but at least they wont default

so long as they borrowed in gbp of course....
Thank god we stayed out of the euro, eh? Now we can keep the £ low. there was talk of booting out the weaker countries, devaluing their currencies and then re-entering them. This should deal a blow to the Lib Dems, who are all over the euro

15156 is holding. strong resistance, although it's itching to get lower. Scalped a few more pips but I'm sitting out now.
  • #222,230
  • Apr 28, 2010 8:57am Apr 28, 2010 8:57am
Quoting kill56
the only way to save there azz is 1pound = 1 dollar
Eventually the debt problem will hit the US. They're not in great shape either but the focus is currently on Europe and the UK!
  • #222,231
  • Apr 28, 2010 9:00am Apr 28, 2010 9:00am
Quoting Lordpip
S&P has followed its recent downgrades of Greece and Portugal with a ratings cut for the Kingdom of Spain !!!!!
euro is well stuffed

Could be good news for my son who has a business in spain which relies on UK tourists with their GBP

Hopefully the euro will continue to depreciate against GBP


Wow the euro is getting whacked

Like nobody knew about the PIGS this last year - so surprised they are
  • #222,232
  • Apr 28, 2010 9:01am Apr 28, 2010 9:01am
Quoting jimobiwan
I was thinking about the Greek warning to investors yesterday - I was wondering if EU Govts ever go into the MKT and buy EUR to control its valuation? Would they do that soon as there is so much net short?

why germany will benfit from export with a cheep eur

and they love to see it @12000
  • #222,233
  • Apr 28, 2010 9:04am Apr 28, 2010 9:04am
Quoting The Magician
Thank god we stayed out of the euro, eh? Now we can keep the £ low. there was talk of booting out the weaker countries, devaluing their currencies and then re-entering them. This should deal a blow to the Lib Dems, who are all over the euro

15156 is holding. strong resistance, although it's itching to get lower. Scalped a few more pips but I'm sitting out now.

The big problem for the UK is that we have a negative trade balance so a cheaper pound means an increase in trade balance and an increase in inflation, so it is not that simple for the UK.
  • #222,234
  • Apr 28, 2010 9:04am Apr 28, 2010 9:04am
Quoting kill56
why germany will benfit from export with a cheep eur

and they love to see it @12000
agree - quick, buy EWG

second thoughts dont - its a dog
  • #222,235
  • Apr 28, 2010 9:06am Apr 28, 2010 9:06am
Anyone following the news here? Bigot-gate putting a solid end to Brown's ambitions, now we need to keep cloggie-Glegg out.
  • #222,236
  • Apr 28, 2010 9:07am Apr 28, 2010 9:07am
Quoting cloggie
The big problem for the UK is that we have a negative trade balance so a cheaper pound means an increase in trade balance and an increase in inflation, so it is not that simple for the UK.
Not a good state to be in. And people are still voting Labour?? I know we can't put everything on their shoulders but after a decade of boom, I think it's inexcusable not to have put a little aside to help us out in the inevitable downside to come. V short sighted!
  • #222,237
  • Apr 28, 2010 9:08am Apr 28, 2010 9:08am
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  • #222,238
  • Apr 28, 2010 9:10am Apr 28, 2010 9:10am
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  • #222,239
  • Apr 28, 2010 9:13am Apr 28, 2010 9:13am
Quoting cloggie
Anyone following the news here? Bigot-gate putting a solid end to Brown's ambitions, now we need to keep cloggie-Glegg out.
Not for some people in my office! They say she deserved it for saying that East Europeans are swarming this country and Gordon Brown is entitled to his own opinion One is Welsh and the other is an UK born Indian living in Slough... staunch Labour supporters! Each to their own.

P.S. Both are well educated too and blind!
  • #222,240
  • Apr 28, 2010 9:13am Apr 28, 2010 9:13am
Faber says kick out greece and spain from eu zone who is next
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