Tories are still lying *******s

[JimBHibees]

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The BBC just told me that although the £ is now at 1.07 to the dollar, its now heading in the right direction.

Depends which way the right direction is I suppose

[WhileTheChief..]

We don’t even get the penny saving!! It’s really grim.

[Jack]

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The BBC just told me that although the £ is now at 1.07 to the dollar, its now heading in the right direction.

Yup. The hedge fund managers will be making millions.

[hibsbollah]

Tory ******* MP, 4 point plan for hassle free get rich plan; Bet against the pound. Get into Government, Pass destructive laws, pound collapses, buckets of free cash for Tory ******* MP.
Added benefit that Fossil Fuel firms that benefit from a strong dollar are also happy, and repay some of those guys that bankrolled your run for office in the first place. Just keep blaming Russia and you'll be fine; the press aren't all that interested anyway.

[ronaldo7]

Interesting take from the Scottish Tories and their media friends that Scotland should follow in England footsteps on tax, whilst the pound is nose diving, the UK economy is in peril, and millions of livelihoods are at stake.

Some of those same Tories now plan to move to England. Enjoy the beaches. 🚽

[Ozyhibby]

https://twitter.com/pippacrerar/stat...u5Zzg2GZtfhI6A

Rumours of letters going in already.


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[Stairway 2 7]

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https://twitter.com/pippacrerar/stat...u5Zzg2GZtfhI6A

Rumours of letters going in already.


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Jeezo what an absolute farce

[Jack]

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https://twitter.com/pippacrerar/stat...u5Zzg2GZtfhI6A

Rumours of letters going in already.


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Bring back Boris 😱

[Oscar T Grouch]

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I can buy 1 kg of oatmeal from Tesco for 70 pence. It will make 20 meals. Why does the Left pretend people in Britain are starving?
effiedeans.com/2022/09/not-so…

Unionist blogger in Aberdeenshire!!

Obviously thinks eating gruell every meal is nutritional!

Ah the über unionist, hater of Gaelic road signs and most things Scottish, Effie Deans. A really horrible piece of work this one is. As an aside, 20 portions of oatmeal is 50g per portion or 194 calories, you'd assume they'd want the food bank users to have 3 meals a day (though I would not count on them wishing this), so that is 582calories a day per person, which would not keep an inactive person alive very long, the lack of nutrients like protein and fat would render those on this sort of diet useless for any job. But that feeds into their narrative that food-bank users are all lazy non working good-for-nothings when in reality they are normal working people pushed the the limit by rising costs across the board! Given the choice I would assume Effie would welcome the return of the Workhouses, which lets not forget haven't even been gone for 100 years yet.

[Kato]

https://twitter.com/SaltireSatire78/...UDgJ4eW1w&s=19



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[Stairway 2 7]

This is fair but it's a multitude of things hammering us at once. The pound, inflation, gas prices all seem that bit worse in the uk than many

tapas321
·
23m
A little reminder in these troubled times

Us Brits seem to forget that there are 2 sides to a story & 2 currencies involved

The huge drop in the value of the £ is MAINLY due to the 'flight to quality' to the $

Year to date:
£ down v $ 18.85%
€ down v $ 14.9%
$ up v JPY 25

[Stairway 2 7]

Pound back up above Fridays end and rising fast, **** knows.

EdConwaySky
·

Latest from the rollercoaster that is the UK currency market: sterling has just recovered some of its losses vs the US$.
Now at $1.09, the pound is now ABOVE where it ended the day on Friday.

[Kato]

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Pound back up above Fridays end and rising fast, **** knows.

EdConwaySky
·

Latest from the rollercoaster that is the UK currency market: sterling has just recovered some of its losses vs the US$.
Now at $1.09, the pound is now ABOVE where it ended the day on Friday.

The hedge funders would have cashed in on Friday.

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[Stairway 2 7]

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The hedge funders would have cashed in on Friday.

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The huge falls came today, then reversed. Although it's still overall pish

[Scorrie]

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The hedge funders would have cashed in on Friday.

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Yep though cashed in this morning. And the rise in the pound today is probably in expectation of a BoE statement this afternoon. Unlikely to see an interest rate rise today as the optics would look awfulfor Truss but markets would want certainty that the BOE would do what’s necessary. If no such statement then watch sterling fall again overnight would be my guess

[grunt]

https://twitter.com/darioperkins/sta...-1dZyDPAh4Ug5g

The problem isn't that the UK budget was inflationary, its that it was moronic. And a small open economy that seems to be run by morons gets a wider risk premium on its assets - currency down, yields up

[Ozyhibby]

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[Willis1875]

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Dropped again after BOE said they won’t hesitate to raise the interest rate to whatever they deem necessary

[grunt]

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I don't think that either "the pound is no longer at its lowest ever rate against the dollar" or "the pound didn't tank against the euro as much as it did after Brexit" are particularly vote winning messages.

[Ozyhibby]

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I don't think that either "the pound is no longer at its lowest ever rate against the dollar" or "the pound didn't tank against the euro as much as it did after Brexit" are particularly vote winning messages.

To be fair to Murdo, winning votes and sustaining a career in politics isn’t something he has had to worry about.


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[Keith_M]

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Pound now trading at $1.07

Wonder what his thoughts are now?

[Hibernia&Alba]

I've seen a couple of reports that a few Tory MPs have already submitted letters of no confidence in Truss to the 1922 committee. That would be astonishing.

[Ozyhibby]

A lot of banks appear to be pulling their mortgage products tonight. Truss is going to completely crash the UK economy.


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[McSwanky]

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What. A. ****ing. Plum.

[WeeRussell]

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What. A. ****ing. Plum.

He’s a right slimy ******* that one.

[GlesgaeHibby]

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A lot of banks appear to be pulling their mortgage products tonight. Truss is going to completely crash the UK economy.


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Not surprising, when UK bond rates / cost of debt has shot through the roof. My remortgage is due to go through on Monday...even though the offer has been accepted for months I've still got the fear it'll be pulled at the last minute.

In better news, the Bookies think she'll be gone soon. I took a punt this morning at 33/1 for her to go this year. It's shortened to between 6/1 and 11/1 now.

[Ozyhibby]

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Not surprising, when UK bond rates / cost of debt has shot through the roof. My remortgage is due to go through on Monday...even though the offer has been accepted for months I've still got the fear it'll be pulled at the last minute.

In better news, the Bookies think she'll be gone soon. I took a punt this morning at 33/1 for her to go this year. It's shortened to between 6/1 and 11/1 now.

I move house on 1st Nov so I’m sweating a bit. I have a deal agreed but I’m aware that it could be pulled at the last minute. There is also the worry that the people buying my house have their mortgage pulled. The whole thing is an absolute ****show.


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[Hibby Bairn]

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Pound now trading at $1.07

Wonder what his thoughts are now?

Most of the noise is hyperbolic. Media frenzy now the Queen has been buried.

The Euro is trading at around 82% of its value v the $ from 5 years ago. The £ around 80%.

The story is really the strength of the dollar.

[GlesgaeHibby]

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I move house on 1st Nov so I’m sweating a bit. I have a deal agreed but I’m aware that it could be pulled at the last minute. There is also the worry that the people buying my house have their mortgage pulled. The whole thing is an absolute ****show.


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Fingers crossed for you. Moving house is stressful enough as it is, without this ****show happening in the background.

[neil7908]

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Most of the noise is hyperbolic. Media frenzy now the Queen has been buried.

The Euro is trading at around 82% of its value v the $ from 5 years ago. The £ around 80%.

The story is really the strength of the dollar.

The pound has also dropped massively against the Australian dollar.