perhaps you need to read the post properly, in particular the word 'today'
(May was still in a battle with another contender yesterday)
The next Conservative Leader thread.
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perhaps you need to read the post properly, in particular the word 'today'
(May was still in a battle with another contender yesterday)
perhaps you need to read the post properly, in particular the word 'today'
as I said, up compared to what? It hasn't gone up, not by any noticeable or significant amount, unless you consider >1% siginifcanthttps://uk.finance.yahoo.com/echarts?s=GBPUSD=X#symbol=GBPUSD=X;range=5d
the dollar, the euro...
I still don't know what you are on about. It hasn't gone "up", no more than the usual fluctuations we have seen throughout the day for the past week or so. As I said the rate is currently about the same as it was at the end of trading last week.
Unless you consider point something of a percent something to bother posting about.
I'm commenting that the FTSE100 and GBP have reacted positively to May becoming the next Tory leader... you know - the subject of this thread....
If you hadn't noticed there was also this big thing called brexit which has been responsible for a fall in pound, no I wouldn't expect that drop to be reversed on this news story.
If you hadn't noticed there was also this big thing called brexit which has been responsible for a fall in pound, no I wouldn't expect that drop to be reversed on this news story.
The rate is roughly exactly the same against the euro and the dollar as it was at close of play last week.
I literally don't know what you are talking about. It fluctuated upwards slightly on the news yes but it isn't "up" compared to anything in the last few days and is now at the rates it was at last week.
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Likely to continue doing what it has recently IMO - slight spike upwards on stuff like May confirmed into leadership then a step down 4-6% then holding pattern for awhile until something else changes or doesn't followed by another step down 4-6% - repeat.
[TW]Fox;29769067 said:
This is probably not the thread for it, since it's a thread in itself (and probably has been in GD at some point).
But someone else said it better than I could:
I'd rather we weren't a nuclear power. In the same way that I'd rather our cops (and citizens) weren't armed.
I don't think we need them (we really do like to overstate our importance, don't we?). I don't think we could ever use them, even if nuked first.
There is simply no logic in my mind to spending 100 billion on a relic born of cold war thinking.
not sure what you mean exactly by 'holding pattern' - nor how you define such a pattern other than using hindsight and doing so very subjectively or on what basis you can claim anything precise along the lines of '4-6%' etc.. however we're due to cut interest rates so quite possibly GBP will fall further... however the comment was simply about the reaction today
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and at the end of today the rates are basically what they were at the close of trading last week.
http://www.xe.com/currencycharts/?from=GBP&to=USD&view=1W
http://www.xe.com/currencycharts/?from=GBP&to=EUR&view=1W
what does last week have to do with anything? Again the thread is a comment about the Tory leadership candidate, the important news re: this was released today - the reaction to that news happened today... you're waffling on about last week, or where the pound was previously etc.. none of which is particularly relevant to the comment being made
So it was "up" compared to what then? "up" is a comparative term. Something has to be "up" against something else.
erm 'today', again read the post properly
Just a general observation - the value seems to fall then stabilise and going into a "holding pattern" as the markets see what the effect is before the next larger change - which IMO is going to be the pattern for the next little while - with some minor spikes here and there based on some events like big bank announcements and so on but the overall trend for awhile a stepped downwards movement.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
It's up 0.29%. This isn't anything at all. I don't really see your point - it isnt a recovery, it isn't anything. It's just bobbing along. It's never going to finish the day on 0.0000000000000000000000% so it will ALWAYS be either 'up' or 'down' and unless the swing is large there is nothing to read into that.
There's not a lot of British to buy....
A couple of journalists on Sky New just now feeling sorry for Cameron and family having to up sticks so quickly, even hinting at they have nowhere to live because he rents out his own house, wtf, who are these people and their dreamworlds, he can afford to live anywhere he likes for a week, i am pretty sure of that.
It is not like he is homeless and destitute.
People, they're the worst
It is not like he is homeless and destitute.
People, they're the worst
[TW]Fox;29769217 said:
it was a comment, if you want to look at the daily chart it was falling a bit then news released and it moved up in reaction - though I'd be skeptical sometimes when assigning causes of intraday moves to news events this was fairly clear
I've not made any further claims about recoveries nor am I that interested in daily movements - the comment was:
given the likelihood of interest rates being slashed it wouldn't be surprising for GBP to fall further - the post was a comment on the reaction to this news today... thus posted in here not the brexit thread
Do you even listen to yourself? Your whole point seems to be about the daily movement where it has fluctuated up and down a bit like almost every other day on the currency markets
Again - look at each day http://www.xe.com/currencycharts/?from=GBP&to=EUR&view=1W
and again it ended up pretty much the same as it closed at last week. It was bouncing between 1.165 and 1.175 most of last week and did exactly the same today.
Yes my comment was about the move/reaction today
I though that was pretty clear, I've emphasized 'today' a few times - do you understand now that I was talking about today? Or are you going to tell me more about where it was last week or how it also moves on other days?- Status