The GBP is almost at the lowest point it has been for the last 52 weeks and in my view will probably crash through the base and continue going down. What are your views on why this is happening and the likely future scenario ?
Carney will make a switch to nominal GDP almost immediately. There's something to be said for making things look a little rosier right from the off.incoming BOE Governor Carney has talked about more flexible inflation targetting
The GBP is almost at the lowest point it has been for the last 52 weeks and in my view will probably crash through the base and continue going down. What are your views on why this is happening and the likely future scenario ?
All valid points although not much has really changed in the very recent past and the decline has been rapid in the last few weeks.
All valid points although not much has really changed in the very recent past and the decline has been rapid in the last few weeks. The Euro is also gaining major strength against the GBP which would not really fit with the view that it is exposure to the EZ that is making things worse.
It will be interesting to see how different things become when the new governor of the BOE takes office although I am of the view that little impact will be made as a result.
sometimes it is a confluence of realistations when the market finally acts on the fundamentals..
Euro relative strength against sterling only won out from the end of last year. It's not so much sterling weakening as the euro strengthening. Euro has come up from the bottom of the pack in July last year to take the lead just 4 weeks ago. Perhaps your question would then more possibly be 'Why is the Euro getting pumped?'.All valid points although not much has really changed in the very recent past and the decline has been rapid in the last few weeks. The Euro is also gaining major strength against the GBP which would not really fit with the view that it is exposure to the EZ that is making things worse.
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