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In the last 60 days, the GBP has slid from 1.20 EUR to 1.09 EUR, fwiw. It definitely looks like something other than a strong dollar.
by pcl 4y ago
In the last 60 days, the GBP has slid from 1.20 EUR to 1.09 EUR, fwiw. It definitely looks like something other than a strong dollar.
- djbusby 4y agoEUR sliding against USD as well, right?
- deleted 4y ago[deleted]
- deleted 4y ago[deleted]
- stingraycharles 4y agoYes which implies the pound is sliding against the dollar significantly faster than the euro, at least the last 60 days.
- eloff 4y agoSo almost 10% drop relative to the Euro in addition to both of them falling against the dollar. I wonder what's behind that particular weakness for the pound.
- astonex 4y agoThe government just announced tax-cuts backed by borrowing, so likely to increase inflation even further.
- stingraycharles 4y agoBut isn’t inflation usually an effect that happens after such an event, rather than something that’s being speculated on? Unless large institutions decided to sell their pounds, but that has to be a huge supply of pounds to make such an impact.
- rsynnott 4y agoBrexit plus a completely bonkers set of tax cuts. The UK will vastly increase borrowing, to give a tax cut to high income people. The markets are unimpressed.
- I-M-S 4y agoI'll admit I thought this was the kind of thing that impressed the markets? (or at least the people who make the market turn the way it does)
- walrus01 4y agoOn the other hand the USD is also nearing a really high value relative to CAD