The Tories have run this country into the ground. Roll on the next general election! Hopefully at least some of the people who voted for this idiocracy last time are capable of learning from their mistakes. The Tories must never again be allowed in power so they can further mutilate the UK. It will take us a generation to rebuild the damage they have done.
Let’s get the Tories out of power, and fix this mess with a new leadership.
It’s the USD that is doing well, the Euro is having the same issues.
> The euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency down.
>
> The dollar has also been strong in recent months, buoyed by the US central bank raising interest rates, and investors seeking the safe haven of dollar assets in times of global turmoil.
>
> That could contribute to even higher inflation in the eurozone, which is already running at 8.6% for June.
The dollar index is at a high.
GBP vs all the other main currencies are within the last 10 year trends.
Im 34 and this will be the what 3rd or 4th “once in a century” crisis?
Then we’ve got the climate crisis looming like some kind of fked up final boss.
That’s mostly due to the strong dollar. The pound has weakened slightly but not significantly.
A lower pound is always treated by newspaper hacks with GCSE economics as a universally bad thing but it is not. It makes our exports (and yes…we do have exports) much cheaper. It also makes us more attractive as a tourist destination.
Anyone with any understanding of macro economics when asked if this is good or bad will always answer “it depends…”, but thats too subtle and nuanced to generate hate-clicks and ad revenue so here we are.
Tories. They’ve trashed the currency and we’re all going to be way poorer because of it.
Economically sound tories. Haha. They should be flushed down at GE and never come back.
It’s crazy how my quality of life has always went to shit everytime we have a Tory government.
Outside factors aside, what are the party of financial responsibility going to do about this? After twelve years of blaming Labour for everything and doing nothing to properly stimulate the economy, this is where we are left off. The Tories have no right to claim they are good for the economy or good for businesses when they have done so much damage during their time in power.
Meanwhile the ‘I’m ThE bEsT cAnDiDaTe’ twins are doing fuck all and Boris is promising the earth for the next guy. Wankers.
No leader no parliament ,the only ones that seem concerned are anyone not in parliament.
Don’t worry Truss is on her way to make it even worse.
Well, at least I can tell my dad to shut up about that recession he went through
How can they measure their wealth without mass poverty. In the kingdom of the blind, the one eyed man is king. They will absolutely blind everyone else to improve their view. Our debilitation is the ultimate control. Debts are chains stronger than iron and far more insidious. Slaves need chains or they might make choices contrary to the will of their masters. Its all part of the plan.
A this rate, the UK will degrade to a “Developing” country within a few years.
Right when i bloody go to America in 2 weeks time and need to get dollars out. Getting 115 dollars per 100 quid is pathetic
Dont worry guys, its probably not that common an affair. Maybe something that only occurs once a generation. Just unlucky.
I remember when the dollar was worth £0.65. Good times. Importing drugs from overseas was so cheap!
Tories response: tax cut and tax breaks for the wealthy, turn up the media notch on illegal immigrants, blame the EU/France for anything, break the NI peace process. Rinse and repeat.
Damn, didn’t the pound use to be worth double the dollar?
I must be one of the few ‘poor’ people who has actualy benefited from brexit – my partial pension from the US military has seen an almost 40% increase over recent years, just because of the exchange rate changes.
It’s nice and very welcome, but I’d still vote against brexit again because of the damage it has done to most other people.
for the last 30 years or so, the pound would never drop below $1.40 ish
since a certain event that’s marked on this graph with a red arrow, now the pound consistantly fails when it tries to get above $1.40
middle of 2016 is when this trend reversed…… June actually, you might have to visit tradingview and zoom in to see more detail.
To think, it was once over $2! I remember when stuff in the US sounded cheap (because it was half price!).
hi, I wondered how well you researched this, because the pound is pretty steady against the euro, but both Euro and pound have fallen against the dollar.
Yet the useful idiots will still be voting Tory at the next GE. As long as the immigrants and “boat people” are kept out, then everything else is pretty much immaterial. This country is fast becoming some kind of dystopian, prison island. Yes, it’s now a bit harder for move to get to the U.K. legally, but many of us are also trapped here. Brexit took away that one fundamental freedom that we all really needed. Fck this country and all that it stands for.
Yeah, this is why you hedge against bad economic policy by shorting GBP/USD.
What I wouldn’t give to live in some fucking boring times for once.
Brexit has cost us dear. Everything is worse. There were no benefits. The Tories have run us into the ground
As long as the corporations keep making mega profits we’ll be okay.
You can hedge against this / actually make good money by putting any savings into global index funds which will be value in $.
Makes sense given we have a non-functioning Government with no plan at all and a looming recession given we all have no money to spend soon and so many businesses going under
33 comments
The Tories have run this country into the ground. Roll on the next general election! Hopefully at least some of the people who voted for this idiocracy last time are capable of learning from their mistakes. The Tories must never again be allowed in power so they can further mutilate the UK. It will take us a generation to rebuild the damage they have done.
Let’s get the Tories out of power, and fix this mess with a new leadership.
It’s the USD that is doing well, the Euro is having the same issues.
https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2022/09/01/Euro-Struggles-After-Another-Fed-Flex-Toward-Higher-Rates-Boosts-the-US-Dollar.html
> The Euro is weaker on Thursday as a staunch US Dollar sweeps across markets after more hawkish rhetoric from Fed speakers.
And has been for a little while, https://www.bbc.co.uk/news/business-62153251 is from July.
> The euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency down.
>
> The dollar has also been strong in recent months, buoyed by the US central bank raising interest rates, and investors seeking the safe haven of dollar assets in times of global turmoil.
>
> That could contribute to even higher inflation in the eurozone, which is already running at 8.6% for June.
The dollar index is at a high.
GBP vs all the other main currencies are within the last 10 year trends.
Im 34 and this will be the what 3rd or 4th “once in a century” crisis?
Then we’ve got the climate crisis looming like some kind of fked up final boss.
That’s mostly due to the strong dollar. The pound has weakened slightly but not significantly.
A lower pound is always treated by newspaper hacks with GCSE economics as a universally bad thing but it is not. It makes our exports (and yes…we do have exports) much cheaper. It also makes us more attractive as a tourist destination.
Anyone with any understanding of macro economics when asked if this is good or bad will always answer “it depends…”, but thats too subtle and nuanced to generate hate-clicks and ad revenue so here we are.
Tories. They’ve trashed the currency and we’re all going to be way poorer because of it.
Economically sound tories. Haha. They should be flushed down at GE and never come back.
It’s crazy how my quality of life has always went to shit everytime we have a Tory government.
Outside factors aside, what are the party of financial responsibility going to do about this? After twelve years of blaming Labour for everything and doing nothing to properly stimulate the economy, this is where we are left off. The Tories have no right to claim they are good for the economy or good for businesses when they have done so much damage during their time in power.
Meanwhile the ‘I’m ThE bEsT cAnDiDaTe’ twins are doing fuck all and Boris is promising the earth for the next guy. Wankers.
No leader no parliament ,the only ones that seem concerned are anyone not in parliament.
Don’t worry Truss is on her way to make it even worse.
Well, at least I can tell my dad to shut up about that recession he went through
How can they measure their wealth without mass poverty. In the kingdom of the blind, the one eyed man is king. They will absolutely blind everyone else to improve their view. Our debilitation is the ultimate control. Debts are chains stronger than iron and far more insidious. Slaves need chains or they might make choices contrary to the will of their masters. Its all part of the plan.
A this rate, the UK will degrade to a “Developing” country within a few years.
Right when i bloody go to America in 2 weeks time and need to get dollars out. Getting 115 dollars per 100 quid is pathetic
Dont worry guys, its probably not that common an affair. Maybe something that only occurs once a generation. Just unlucky.
I remember when the dollar was worth £0.65. Good times. Importing drugs from overseas was so cheap!
Tories response: tax cut and tax breaks for the wealthy, turn up the media notch on illegal immigrants, blame the EU/France for anything, break the NI peace process. Rinse and repeat.
Damn, didn’t the pound use to be worth double the dollar?
I must be one of the few ‘poor’ people who has actualy benefited from brexit – my partial pension from the US military has seen an almost 40% increase over recent years, just because of the exchange rate changes.
It’s nice and very welcome, but I’d still vote against brexit again because of the damage it has done to most other people.
for the last 30 years or so, the pound would never drop below $1.40 ish
since a certain event that’s marked on this graph with a red arrow, now the pound consistantly fails when it tries to get above $1.40
[https://www.tradingview.com/x/z8N0GNfR/](https://www.tradingview.com/x/z8N0GNfR/)
middle of 2016 is when this trend reversed…… June actually, you might have to visit tradingview and zoom in to see more detail.
To think, it was once over $2! I remember when stuff in the US sounded cheap (because it was half price!).
hi, I wondered how well you researched this, because the pound is pretty steady against the euro, but both Euro and pound have fallen against the dollar.
Yet the useful idiots will still be voting Tory at the next GE. As long as the immigrants and “boat people” are kept out, then everything else is pretty much immaterial. This country is fast becoming some kind of dystopian, prison island. Yes, it’s now a bit harder for move to get to the U.K. legally, but many of us are also trapped here. Brexit took away that one fundamental freedom that we all really needed. Fck this country and all that it stands for.
Yeah, this is why you hedge against bad economic policy by shorting GBP/USD.
What I wouldn’t give to live in some fucking boring times for once.
Brexit has cost us dear. Everything is worse. There were no benefits. The Tories have run us into the ground
As long as the corporations keep making mega profits we’ll be okay.
You can hedge against this / actually make good money by putting any savings into global index funds which will be value in $.
Makes sense given we have a non-functioning Government with no plan at all and a looming recession given we all have no money to spend soon and so many businesses going under