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  1. #7801
    @hibs.net private member JimBHibees's Avatar
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    Quote Originally Posted by ronaldo7 View Post
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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


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  3. #7802
    @hibs.net private member WhileTheChief..'s Avatar
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    We don’t even get the penny saving!! It’s really grim.

  4. #7803
    @hibs.net private member Jack's Avatar
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    Quote Originally Posted by ronaldo7 View Post
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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.
    Space to let

  5. #7804
    Coaching Staff hibsbollah's Avatar
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    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.

  6. #7805
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    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. 🚽

  7. #7806
    @hibs.net private member Ozyhibby's Avatar
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    https://twitter.com/pippacrerar/stat...u5Zzg2GZtfhI6A

    Rumours of letters going in already.


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  8. #7807
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    Quote Originally Posted by Ozyhibby View Post
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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

  9. #7808
    @hibs.net private member Jack's Avatar
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    Quote Originally Posted by Ozyhibby View Post
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    https://twitter.com/pippacrerar/stat...u5Zzg2GZtfhI6A

    Rumours of letters going in already.


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    Bring back Boris 😱

  10. #7809
    @hibs.net private member Oscar T Grouch's Avatar
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    Quote Originally Posted by Moulin Yarns View Post
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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.


    Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.

  11. #7810
    @hibs.net private member Kato's Avatar
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    https://twitter.com/SaltireSatire78/...UDgJ4eW1w&s=19



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  12. #7811
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    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
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    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

  13. #7812
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    Pound back up above Fridays end and rising fast, **** knows.

    EdConwaySky
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    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.

  14. #7813
    @hibs.net private member Kato's Avatar
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    Quote Originally Posted by Stairway 2 7 View Post
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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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  15. #7814
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    Quote Originally Posted by Kato View Post
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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

  16. #7815
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    Quote Originally Posted by Kato View Post
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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

  17. #7816
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    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

  18. #7817
    @hibs.net private member Ozyhibby's Avatar
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  19. #7818
    @hibs.net private member Willis1875's Avatar
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    Quote Originally Posted by Ozyhibby View Post
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    Dropped again after BOE said they won’t hesitate to raise the interest rate to whatever they deem necessary

  20. #7819
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    Quote Originally Posted by Ozyhibby View Post
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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.

  21. #7820
    @hibs.net private member Ozyhibby's Avatar
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    Quote Originally Posted by grunt View Post
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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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  22. #7821
    Ultimate Slaver Keith_M's Avatar
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    Quote Originally Posted by Ozyhibby View Post
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    Pound now trading at $1.07

    Wonder what his thoughts are now?

  23. #7822
    @hibs.net private member Hibernia&Alba's Avatar
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    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.
    HIBERNIAN FC - ON THE RIGHT SIDE OF HISTORY SINCE 1875

  24. #7823
    @hibs.net private member Ozyhibby's Avatar
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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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  25. #7824
    @hibs.net private member McSwanky's Avatar
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    Quote Originally Posted by Ozyhibby View Post
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    What. A. ****ing. Plum.

  26. #7825
    Quote Originally Posted by McSwanky View Post
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    What. A. ****ing. Plum.
    He’s a right slimy ******* that one.

  27. #7826
    @hibs.net private member GlesgaeHibby's Avatar
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    Quote Originally Posted by Ozyhibby View Post
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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.

  28. #7827
    @hibs.net private member Ozyhibby's Avatar
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    Quote Originally Posted by GlesgaeHibby View Post
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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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  29. #7828
    Testimonial Due Hibby Bairn's Avatar
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    Quote Originally Posted by Keith_M View Post
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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.

  30. #7829
    @hibs.net private member GlesgaeHibby's Avatar
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    Quote Originally Posted by Ozyhibby View Post
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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.

  31. #7830
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    Quote Originally Posted by Hibby Bairn View Post
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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.

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