The value of the pound

[mattyfez]

Thomas Cook are offering €106 for a hundred quid, we're essentially at parity already. It's only going to get worse for the pound.

 

[dowie]

I don't claim to know how currencies are valued, but the fact such currency fixing can take place just because 'it's been decided' makes me think it's all a scam anyway.

Currencies with floating exchange rates are valued, collectively, by the market/the people trading them. Governments/central banks obviously have some (quite significant) influence via monetary policy but I’m not sure what you mean by “scam” in this context.

 

[bliss]

Just can't wait to get to my holiday destination in December and find out just how much more I'll be paying for the hotel compared to when we booked it....

 

[Vexr]

Currencies with floating exchange rates are valued, collectively, by the market/the people trading them. Governments/central banks obviously have some (quite significant) influence via monetary policy but I’m not sure what you mean by “scam” in this context.

A scam in the context of something like this being a possibility:

https://www.europereloaded.com/paul-craig-roberts-part-2-yes-to-brexit-is-a-vote-for-all-humanity/

or if the UK does leave, then there will likely be a massive attack on the British pound. On order by Goldman Sachs, all the central banks along with the Federal Reserve will gang up on Britain – they’re all puppets (the central banks) – to drive the pound down to nothing, and turn around and point to the departure from the EU as the cause. And then they’ll make a case for going back in to the EU because no-one has confidence in the pound.

JC: So you mean an economic false flag that they won’t admit to.

 

[i know nothing]

I'm booked to visit the U.K. in September, so if the pound could continue to weaken until then, that would be great.

 

[NVP]

On order by Goldman Sachs, all the central banks along with the Federal Reserve will gang up on Britain – they’re all puppets (the central banks) – to drive the pound down to nothing

How?

 

[Vexr]

How?

You'd have to ask the former associate editor of the Wall Street Journal and and economist in the Reagan administration who said it in May 2016: https://en.wikipedia.org/wiki/Paul_Craig_Roberts

 

[NVP]

Lame.

 

[Nasher]

Coming back from north Devon I saw a lot of NL plates. I've never seen so many

Some of the small towns around there are really struggling due to lack of visitors so I guess it's good for them.

 

[Tony Edwards]

You'd have to ask the former associate editor of the Wall Street Journal and and economist in the Reagan administration who said it in May 2016: https://en.wikipedia.org/wiki/Paul_Craig_Roberts

Paul Craig Roberts, seriously?

Let me get this right you think it is a scam by the world banks to lower the value of the pound so low that it can be used as an excuse to force the UK back into the arms of the EU?

 

[Vexr]

Paul Craig Roberts, seriously?

Let me get this right you think it is a scam by the world banks to lower the value of the pound so low that it can be used as an excuse to force the UK back into the arms of the EU?

Doesn't sound tremendously likely to me, though hearing about the Plaza Accord in this thread makes me wonder about artificial currency manipulation, as well reminding me to one day read books like The Confessions of an Economic Hitman, which has been on my to do list for some time (no idea if it actually has anything about this topic though).

As for 'Paul Craig Roberts, seriously?', I'm inclined to give his views my attention when it comes to topics such economics, where he is undeniably very well qualified.

 

[chroniclard]

A scam in the context of something like this being a possibility:

https://www.europereloaded.com/paul-craig-roberts-part-2-yes-to-brexit-is-a-vote-for-all-humanity/

If someone deliberately makes themselves weak people will smell blood(money making opportunities)

 

[MichaelAwkward]

Could be, though I have no real desire to holiday in the UK!

Why not? Scotland is particularly lovely.

 

[chroniclard]

Why not? Scotland is particularly lovely.

I know many places in the UK are great with some fantastic scenery and attractions but personally I like to visit other countries. Also the weather.

 

[Greebo]

I know many places in the UK are great with some fantastic scenery and attractions but personally I like to visit other countries. Also the weather.

Global warming will soon make Scotland like spain

 

[MichaelAwkward]

It already gets sunny and hot enough up there to get a decent tan if you're out all day in it, particularly the west coast. Lovely beaches too.

 

[StriderX]

Global warming will soon make Scotland like spain

No it wont, the ice melting is likely to shift the Atlantic current away from the UK, making us on par with similar latitudes and generally maritime, it will be colder.

 

[chroniclard]

It already gets sunny and hot enough up there to get a decent tan if you're out all day in it, particularly the west coast. Lovely beaches too.

It's been 28-30 here for the past two weeks, not happening in the UK. Would do long weekends away in the UK at most.

 

[dowie]

A scam in the context of something like this being a possibility:

https://www.europereloaded.com/paul-craig-roberts-part-2-yes-to-brexit-is-a-vote-for-all-humanity/

Yeah Goldman Sachs often "orders" "the central banks" to just do whatever it wants.

 

[azazl187]

No it wont, the ice melting is likely to shift the Atlantic current away from the UK, making us on par with similar latitudes and generally maritime, it will be colder.

I'm ok with that