glasshalffull
Well-Known Member
Blame Brexit 
‘Mini’ budget
- Thread starter Mungo
- Start date
Cumbrian 1
Well-Known Member
SD - Socialist Directory?
More like Saddo Directory for many on here 
Cheers
Bruce
Cheers
Bruce
Scotty99
Well-Known Member
The money markets analyse and forecast and slice and dice every which way. I’ve been tracking the pound against the dollar against this forecast for several months now and it’s been scarily accurate. It’s put together by the Economy Forecast Agency. If you deal in currency markets ignore it at your peril.
POUND TO DOLLAR TODAY AND GBP TO USD FORECAST 2026, 2027-2030
Today's GBP To USD exchange rate and forecast for free. GBP To USD Converter. Pound to Dollar forecast for tomorrow, this week, months, 2026, 2027, 2028, 2029, 2030
Chatting about this earlier, with the increase in house prices over the years, and wages not keeping up they think that 6% is the equivalent to the 15% back in 70s so I fear many people will see some major upheaval in their life
Scotty99
Well-Known Member
No sometimes the BBC make mistakes and report things accurately.
To get a balanced view of world events I aggregate across a number of sources. CNN once you get past the anti Republican (particularly anti Trump) bias, the BBC once you get past the left leaning woke bias and surprisingly Al Jazeera once you get past the anti West bias.
All in all I try to take a cross section across mainstream media and then balance it with my own research.
As they used to say I’m the Xfiles…..”The truth is out there”.
Scotty99
Well-Known Member
As ever when the economy hits turbulent times my sympathies are with young hard working couples on low or minimum wages who are struggling to make ends meet. For those with mortgages who will be hit by the interest rates increases and those saving for their first home which now probably seems even further away. No doubt the increase in stamp duty threshold will help a little as will the fall in house prices which now seem inevitable, but there are tough times ahead.
As for 15% interest rates, I remember Black Wednesday well, I was driving back from London listening to the radio with the BOE announcing every half hour that the rates were going up, with me thinking I can’t pay the mortgage this month we did survive however and I think the result was the UK came out of the European Exchange Rate Mechanism (ERM) which I think then enabled the BOE to set their own rates, but it was a scary time.
You might want to consider adding Ground News to your aggregation list since it also reports the left, right and centre biases of the sources where a story is reported Ground News
Cheers
Bruce
Cheers
Bruce
The money markets analyse and forecast and slice and dice every which way. I’ve been tracking the pound against the dollar against this forecast for several months now and it’s been scarily accurate. It’s put together by the Economy Forecast Agency. If you deal in currency markets ignore it at your peril.
POUND TO DOLLAR TODAY AND GBP TO USD FORECAST 2026, 2027-2030
Today's GBP To USD exchange rate and forecast for free. GBP To USD Converter. Pound to Dollar forecast for tomorrow, this week, months, 2026, 2027, 2028, 2029, 2030poundf.co.uk
I don't believe that it is possible to forecast exchange rates four years ahead to +/- 1.5% accuracy. It is particularly unlikely that they can forecast four years ahead with the exact confidence that they forecast one day ahead. There's no way for me to see their track record, and I presume that you've been saving screenshots over the past months in order to know that it is accurate.
I shall keep an open mind on it, and see how it performs.
glasshalffull
Well-Known Member
BOE has to step in to buy the bond's nobody now wants as the result from it's own countries government policies now that's unprecedented 
It isn't, is it? The Bank of England has been buying bonds for years, and other central banks have been doing the same. For the whole of the past decade, in fact.BOE has to step in to buy the bond's nobody now wants as the result from it's own countries government policies now that's unprecedented
glasshalffull
Well-Known Member
The BOE had swapped quantitative easing for quantitative tightening and after today's announcement they've done a U-turn as nobody wanted to buy their treasury bonds from the pension funds to the mortgage lenders the whole system was at loggerheads clogged up and a total cluster f..k
However you want to present that, ultimately it the latest iteration in a long line of iffy decision making by the Bank of England. It certainly is not unprecedented, because it has been happening on a wide scale worldwide for over a decade. The BoE already holds £850,000,000,000 or so of bonds which it has previously bought without eliciting the sort of drama you're assigning to the latest in a very long line of purchases and policy shifts.The BOE had swapped quantitative easing for quantitative tightening and after today's announcement they've done a U-turn as nobody wanted to buy their treasury bonds from the pension funds to the mortgage lenders the whole system was at loggerheads clogged up and a total cluster f..k
That man is an alleged comedian. The running theme of the joke is the pretence that he is the voice of reason commenting on something stupid, whereas in fact he is the idiot.
This is what happens when you have 20 years of easy debt, printing money, incontinent public spending, rising taxes, plummeting productivity with untrammeled population expansion piled on top.
What did people expect would happen?
Labour's plan to fix this is to leave all of the above in place but with increased taxes for the biggest employers. Sorry, "the rich".
This situation hasn't come out of nowhere with one decision from Kwasi Kwartang, it's been two decades in the making.
What did people expect would happen?
Labour's plan to fix this is to leave all of the above in place but with increased taxes for the biggest employers. Sorry, "the rich".
This situation hasn't come out of nowhere with one decision from Kwasi Kwartang, it's been two decades in the making.
glasshalffull
Well-Known Member
That's how it is a storm in a tea cup life will go on
glasshalffull
Well-Known Member
You're missing the point which is the BOE and the Truss government are running opposite agendas the former trying to curb inflation the later trying to stoke inflation
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