Possible end of GBP

What do you think?

  • Agree

    Votes: 22 36.1%

  • Disagree

    Votes: 30 49.2%

  • Don't know

    Votes: 9 14.8%
  • Total voters
    61
Its just a continuation of the pseudo Communists in the present British Govt.
They have helped ruin the banking system of the West and now hope to take over Europe. It's no coincidence that £1=E1 !!
They nearly bankrupted the UK in the 70s. Did bankrupt Russia in the 80s and are well on their way to bankrupt UK and then Europe now, hoping to set up a Marxist state in Europe !

Left wing loonies still promoting a failed system.

USA and others beware
 
GBP/USD next historical support is 1.05 (1985)

GBP/JPY passed all support levels back to 1975

GBP/CHF again no support available

GBP/EUR same

Still in free fall, rumours of UK defaulting started to come out

I am no politician, nor economist, nor do I understand FA, but even I understand that the whole country's economic policy has to be totally restructured, creating some sort of positive expectation, otherwise UK probably is staring a default right in its face.
 
well, let's face it, what do you reckon the assets on some of these banks balance sheets are really worth?

official stats say UK housing market only dropped 15% last year. Yeah, right!

More like down 30-35% so if assets get marked to market, well we have a mismatch don't we?

They will tell you it's all about confidence and that's why kick starting the housing market back is an obsession with G. Brown and A. Darling. Not gonna happen. Bye bye UK. IMF here we come.
 
Quote from peilthetraveler:

They should switch to the Euro. Last time i was in Ireland (Armagh right on the border with N. Ireland) I was playing poker with some friends and I found it quite annoying that half the people were playing with pounds and half euros and we constantly had to do conversions to see if the guys using Pounds were putting enough into the pot.
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Instead of talking about global FX rates perhaps you should, study geography- Armagh is in N.Ireland (right on the border with Southern Ireland), which is part of the UK, which is where Sterling is used.

So your argument should read that the Eurozone should use Sterling to make your poker game easier.
 
Quote from EMRGLOBAL:

Pound looks nothing like the sterling. Seems as if the Sterling is getting smacked harder.
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You seem to be missing the key fact here that the Pound IS Sterling. Its known as the Pound Sterling. I think the disconnect between the name and the FX symbol (GBP or Great British Pound) is proving too much for your speak 'n spell brain to follow...
 
It would be easy to get sterling to rally. Announce government spending cuts. Cancel trident, nhs computer, id cards, incapacity benefit, schools building program, sack diversity coordinators. The list is endless. Joining the euro would mean higher interest rates, not going to happen.
 
Quote from just21:

It would be easy to get sterling to rally. Announce government spending cuts. Cancel trident, nhs computer, id cards, incapacity benefit, schools building program, sack diversity coordinators. The list is endless. Joining the euro would mean higher interest rates, not going to happen.
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Unfortunately I can see gordon raising taxes to 50% before he cuts his benefits life-support machine for labour voters....
 
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