JohnnyD
Member
Mayenne (53) When Covid allows..........Which isn't very often these days........
Posts: 2,015
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Post by JohnnyD on May 9, 2023 16:08:18 GMT 1
Rising nicely to 1.15128 today if anyone needs to do a swap soon
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Post by annabellespapa on May 9, 2023 16:30:06 GMT 1
Rising nicely to 1.15128 today if anyone needs to do a swap soon Thanks for the heads up JD  |
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suein56
Member
Southern Morbihan 56 Brittany
Posts: 7,554
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Post by suein56 on May 9, 2023 16:35:58 GMT 1
The rate is wandering about all over the place.
1.1519 as I write 😊
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Post by houpla on May 9, 2023 17:32:57 GMT 1
Guaranteed to crash back down just before pension payment day  |
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Post by rabbit on May 9, 2023 17:50:21 GMT 1
It’s based around speculation that the U.K. is in such dire straits that the BoE will have to raise interest rates again on Thursday
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garbo
Non-gamer
Posts: 118
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Post by garbo on May 9, 2023 19:51:25 GMT 1
So the European area and the US by the same analogy are in the same dire straits also as they both raised interest rates last week. I have looked for your post last week mentioning this but can’t find it??
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JohnnyD
Member
Mayenne (53) When Covid allows..........Which isn't very often these days........
Posts: 2,015
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Post by JohnnyD on May 9, 2023 20:01:37 GMT 1
What a shame..........
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Post by glazedallover on May 9, 2023 21:23:01 GMT 1
It’s based around speculation that the U.K. is in such dire straits that the BoE will have to raise interest rates again on Thursday It's possible, but I doubt it personally. £ has been way oversold for a longtime now, and I suspect that there will be even worse news coming from the eurozone. ( I worked in the FX markets almost all my career and so obviously know what I am talking about.....hence my retiring on a pittance...  ) |
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curtis
Member
Charente Maritime
Posts: 477 
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Post by curtis on May 9, 2023 22:58:25 GMT 1
Thanks for the message JohnnyD. Have just transferred a lump over as a huge dental bill is looming.
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Nifty
Member
Posts: 5,045
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Post by Nifty on May 10, 2023 9:03:15 GMT 1
Thanks for the message JohnnyD. Have just transferred a lump over as a huge dental bill is looming. That will buck the trend for sure.  |
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Post by annabellespapa on May 10, 2023 9:25:39 GMT 1
Hi JD, just checking that you got my reply regarding ride on mowers in your "messages".
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Aardvark
Non-gamer
Living in soggy 22 and still wondering what's going on.
Posts: 2,172
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Post by Aardvark on May 10, 2023 9:41:49 GMT 1
My pension arrives on Friday. I predict the rate will plummet Thursday. It has always done this.
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Aardvark
Non-gamer
Living in soggy 22 and still wondering what's going on.
Posts: 2,172
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Post by Aardvark on May 10, 2023 9:44:45 GMT 1
JD..............Did you get anywhere with the investigation of that mower site we talked about?
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JohnnyD
Member
Mayenne (53) When Covid allows..........Which isn't very often these days........
Posts: 2,015
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Post by JohnnyD on May 10, 2023 9:54:32 GMT 1
JD..............Did you get anywhere with the investigation of that mower site we talked about? Sorry Aardvark, I missed a few messages this week, yes I did, I stayed well clear, too many danger signs lurking......... |
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Post by rabbit on May 10, 2023 12:48:26 GMT 1
It’s based around speculation that the U.K. is in such dire straits that the BoE will have to raise interest rates again on Thursday It's possible, but I doubt it personally. £ has been way oversold for a longtime now, and I suspect that there will be even worse news coming from the eurozone. ( I worked in the FX markets almost all my career and so obviously know what I am talking about.....hence my retiring on a pittance... ) Interest rates are a key factor in determining the value of a currency. If it were possible to remove all of the other elements that contribute to the value of a currency, an increase in the interest rate would cause the value of a currency to rise. Essentially, this is because higher interest rates in a particular currency offer investors (those who buy a currency) a higher return relative to other currencies. In an idealised example, when interest rates rise, investors are attracted to a currency and invest in it more heavily. As more investors are attracted, demand for the currency increases, and its value goes up. These flows of investment are known in economics as ‘hot money flows’. The opposite relationship is true for decreasing interest rates. That is, lower interest rates tend to decrease the value of a currency. |
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