Food & Drink0 min ago
Sterling Dips After Poll Suggests Hung Parliament
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I am not changing my prediction for June 8th, but ............!
I am not changing my prediction for June 8th, but ............!
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What I find rather worrying is not the prospect of Corbyn being PM, because he isn't going to be, but the sheer incompetence of the Tory campaign. Maybe it is just the case that a sense of inevitability and complacency has led to them not trying very hard, but there are some sterner challenges ahead than swatting aside a bunch of out-of-date policies, and if they struggle to do that ...
No idea -- I started following foreign exchange markets since about June 23rd, but I still can't make head or tail of how some of the fluctuations work.
Some news came out in the last hour that saw the pound regain its losses from the election poll news -- I didn't expect this fall to stick, mind. Too short-term and a reaction to what could just be an outlying poll anyway.
Some news came out in the last hour that saw the pound regain its losses from the election poll news -- I didn't expect this fall to stick, mind. Too short-term and a reaction to what could just be an outlying poll anyway.
Well, possibly. My own theory is that the rises and falls are good or bad depending on what you want them to be. A fall in the aftermath of Brexit-related news is "good" because it will be good for exports; a fall linked to election uncertainty is "bad" because it shows how markets fear a Labour majority. Or something like that. And vice versa.
These blips are caused by currency traders using whatever they can to try and manipulate the price in whichever way they can. In the old days it was not unusual for some to actually create rumours to do it.
The true value of a currency can only be determined by looking at the long term trends not on an hour by hour or even daily basis.
The true value of a currency can only be determined by looking at the long term trends not on an hour by hour or even daily basis.
That's a majority of 92 when only three weeks ago we were looking at possible majorities of 150 or even 200. The trend's heading in one direction only now. Labour only have a week left to make the most of that trend, and it might not be enough all the same, but predictions of a large Tory majority look premature now.
(And yes, I was one of those making such a prediction.)
(And yes, I was one of those making such a prediction.)
Follow the money Khandro ... like for the Brexit vote, you mean?
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Fat lot of good that did.
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Fat lot of good that did.
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