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Bank of England

Bank of England

Postby Shirleynot » Thu Apr 19, 2018 7:04 pm

Does anyone on this forum think that Mark Carney knows what he’s doing. EVERYTIME this idiot opens his mouth the pound falls sharply. 2 days ago the pound was rising slowly and touched 1.16 to the Euro. Dropped slowly yesterday because of inflation which he forecast wrongly and within the last hour the pound has fallen sharply cos he thinks that rates may not rise as quickly as first thought. The man is a liability and should be sacked.
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Re: Bank of England

Postby daz » Thu Apr 19, 2018 11:53 pm

:text-lol: brilliant, you med me chuckle, sadly we don't have direct access to his manager, otherwise we may be able to get him sacked, or at least a written warning for not taking the chance to boost the pound
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Re: Bank of England

Postby twoeyes2c » Fri Apr 20, 2018 7:03 am

I am absolutely sure that he is a fit and competent person for the job. In December 2015 the exchange rate was over 1.40 euros to the GBP then we all know what happened, the British PM allowed the public a vote on membership of the EU.
Simples
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Re: Bank of England

Postby Redphill » Fri Apr 20, 2018 8:04 am

Although the majority of people living or owning an house in Spain or elsewhere in Europe would love to see a stronger pound the situation at present is as twoeyes2c rightly states is Brexit, not Mark Carney. If you look at the currency markets a lot of country's Russia, China, USA & Europe all try to weaken there own currencies to make things cheaper to purchase and boost the export markets. Unfortunately the exchange rate for expats living abroad is not so high on the agenda. I would also like to see a stronger pound but realistic that we are 18 months to two years away from seeing the levels get back towards 1.30.
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Re: Bank of England

Postby Shirleynot » Fri Apr 20, 2018 8:26 am

In answer two both points. 1, it was not Cameron’s fault that the public were lied to and decided to vote leave.
2, the pound touched 1.16 on Tuesday then Mark Carney spoke and yet again the pound fell. It is now trading under 1.14. He knows that when he speaks it influences the exchange rate and it has gone down everytime he has spoken. He seems to be trying to keep the pound artificially low.
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Re: Bank of England

Postby Dave c » Fri Apr 20, 2018 8:33 am

Of course it was camerons fault he is the one who allowed the vote (forced by UKIP). Then ran a crap campaign on remaining.
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Re: Bank of England

Postby costalad » Fri Apr 20, 2018 12:17 pm

The tory party put the ref. Vote in to gain more votes in the election. It worked. Now look at the mess the UK is in.
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Re: Bank of England

Postby Paulr » Fri Apr 20, 2018 6:44 pm

Dave c wrote:Of course it was camerons fault he is the one who allowed the vote (forced by UKIP). Then ran a crap campaign on remaining.


:text-goodpost:
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Re: Bank of England

Postby Red Rock » Fri Apr 20, 2018 8:09 pm

I went into town today to buy Euros few days ago it was at 1.135 today down to 1.115
My Dad was a Canadian serviceman and I love Canada but imho he is an idiot
yes I know like Boris a very clever idiot but...................................
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Re: Bank of England

Postby GDW21 » Fri Apr 20, 2018 8:13 pm

On the upside the FTSE100 has risen, regaining earlier loses, more power to stocks & shares isa's.
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