Why is the Pound Sterling not weaker?

[Yale]

Haven't looked for a while at the value of the pound however with all the talk of it weakening I discovered it’s just a smidge over 90p to the Euro.

The way folk are talking I thought it would be well into the mid 90’s pence.

Does this say more about the weakness of Eurozone economies considering the mess we are in?

Or is it a reflection that the markets are not phased by the possibility of a hard Brexit.

Opinions....


Edit,updated rate to reflect today’s values.

 

[wasted years]

We have a track record of doing what we need to do as a country to keep out economy on the right track, that's what I think gives investors confidence in the UK .

 

[Goweresque]

Where have you been getting your rate from? Its above 90p to the euro right now:

https://www.bbc.co.uk/news/topics/ce2gz75e8g0t/euro-eur

Edit: were you looking at the pound/dollar rate instead? Thats at 80p/$

https://www.bbc.co.uk/news/topics/cljevy2yz5lt/us-dollar-usd

 

[Yale]

Where have you been getting your rate from? Its above 90p to the euro right now:

https://www.bbc.co.uk/news/topics/ce2gz75e8g0t/euro-eur

Edit: were you looking at the pound/dollar rate instead? Thats at 80p/$

https://www.bbc.co.uk/news/topics/ce2gz75e8g0t/euro-eur

It was on my phone this afternoon,maybe I looked at the wrong one....oops.

It was on BBC market data.

 

[Still Farming]

Euro dropped a bit then back up?

 

[Yale]

It was on my phone this afternoon,maybe I looked at the wrong one....oops.

It was on BBC market data.

Just looked and yes,it was USD.....they’ve changed the layout of the page....

 

[Yale]

Where have you been getting your rate from? Its above 90p to the euro right now:

https://www.bbc.co.uk/news/topics/ce2gz75e8g0t/euro-eur

Edit: were you looking at the pound/dollar rate instead? Thats at 80p/$

https://www.bbc.co.uk/news/topics/cljevy2yz5lt/us-dollar-usd

Still at 90p we are still a good bit stronger than when we were nearing parity a few years ago.

You’d think the ass would be falling out of the pound.

 

[Nick Adams]

Eurozone will ultimately fail.

 

[anzani]

FOREX tonight:
http://www.lse.co.uk/fx/EURGBP

 

[ollie989898]

Haven't looked for a while at the value of the pound however with all the talk of it weakening I discovered it’s just a smidge over 90p to the Euro.

The way folk are talking I thought it would be well into the mid 90’s pence.

Does this say more about the weakness of Eurozone economies considering the mess we are in?

Or is it a reflection that the markets are not phased by the possibility of a hard Brexit.

Opinions....


Edit,updated rate to reflect today’s values.

Because the Euro is in continual sh%t street: barely a day goes by without another political crisis, or them having a confrontation with Turkey, Greece or Russia.

The Sterling and the dollar remain the world's favourite currencies and for good reason. You don't see May tweeting at midnight saying something daft that is going to rock the markets.

 

[exmoor dave]

Still at 90p we are still a good bit stronger than when we were nearing parity a few years ago.

You’d think the ass would be falling out of the pound.

It's been 2.5yrs for the money markets to factor in various scenario's, although I'm sure there's room for the pound to weaken yet if our politicians continue to do a rather good impression of a circus.


Any hoo....UK lamb is now cheaper than NZ lamb

 

[Global ovine]

It's been 2.5yrs for the money markets to factor in various scenario's, although I'm sure there's room for the pound to weaken yet if our politicians continue to do a rather good impression of a circus.


Any hoo....UK lamb is now cheaper than NZ lamb

That's because the GBP to NZ$ has free fallen by over 10% in the last 90 days. Both the UK and the EU are in political turmoil with the currency traders only thinking "sell". Look to other currencies to see the effects.

 

[exmoor dave]

That's because the GBP to NZ$ has free fallen by over 10% in the last 90 days. Both the UK and the EU are in political turmoil with the currency traders only thinking "sell". Look to other currencies to see the effects.

There might even be some smiles at market tomorrow

I'm selling culls....so probs not me smiling

 

[Cowabunga]

That's because the GBP to NZ$ has free fallen by over 10% in the last 90 days. Both the UK and the EU are in political turmoil with the currency traders only thinking "sell". Look to other currencies to see the effects.

Yes the Pound and Euro have tended to drop together as the Brexit crisis nears the end few months. Nevertheless the Pound has devalued very substantially during the last year or so.

 

[agritrade]

Currently €1.10 to the pound at the moment. One reason eurgbp has seen less of an impact is that brexit effects both sides of the currency pair unlike gbpusd where you would have one currency weakening against the other.

Also bear in mind that we are only 3c off the lows caused by the referendum and 7c off the lowest rate since the adoption of the Euro in 1999. Naturally there is an element of support at these levels.

No deal is likely to see a retest of the absolute lows €1.03. The best short term outcome for purely the strength of the currency would be to remain in the eu.

 

[stewart]

Eurozone will ultimately fail.

The sky is falling in.

 

[stewart]

That's because the GBP to NZ$ has free fallen by over 10% in the last 90 days. Both the UK and the EU are in political turmoil with the currency traders only thinking "sell". Look to other currencies to see the effects.

The pound is worth around half of what is was against the NZD 20 years ago, I don't know if that is due to a weak pound a strong dollar or a combination of both

 

[Kiwi Pete]

The pound is worth around half of what is was against the NZD 20 years ago, I don't know if that is due to a weak pound a strong dollar or a combination of both

Bit of both, IMO? Dollar is reasonably strong, despite my earlier predictions of it easing a little.

 

[stewart]

Because the Euro is in continual sh%t street: barely a day goes by without another political crisis, or them having a confrontation with Turkey, Greece or Russia.

The Sterling and the dollar remain the world's favourite currencies and for good reason. You don't see May tweeting at midnight saying something daft that is going to rock the markets.

The worlds favourite currencies are the USD, the Euro and the pound, in that order.

 

[graham99]

Haven't looked for a while at the value of the pound however with all the talk of it weakening I discovered it’s just a smidge over 90p to the Euro.

The way folk are talking I thought it would be well into the mid 90’s pence.

Does this say more about the weakness of Eurozone economies considering the mess we are in?

Or is it a reflection that the markets are not phased by the possibility of a hard Brexit.

Opinions....


Edit,updated rate to reflect today’s values.

like or not you guys are a big player in the banking industry.
the pound is a safety net for the rich .
if the pound was a weak currency ,the EU would never have been formed