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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 9, 2011 23:03
Dave I vote for you!.. so cable wasn't a bargain under 1.63 then?.. it respected daily trendline from 1.55 earlier in the year..
DaveO
UK
Posted Anonymously
13 years ago
May 9, 2011 21:47
NHS service one way or another will be dramatically reformed. Completely unaffordable even if immigration is now controlled. Doctors and consultants soaked up the majority of extra funding for their own personal gain during the last 7 years of Brown extravagansa. Doctors and consultants are all running their own highly profitable businesses at taxpayer expense. This cannot happen going forward. What cannot be afforded will not be afforded. The bond mkts will see to that.

Next problem is the cost of keeping the elderly into their late 90's, soon to be late 120's with medical advances. I have proposed that all us older generation check into the abatoir at say age 80 (or that to be unaminously agreed) in the interest of lightening the load for young working age taxpayers.

Drug companies must be capped on R&D costs. Don't trouble to develop or market any drug which is unaffordable. Cap should probably be 20/week treatment cost. That will bring the cost of drugs down.

Birth of badly handicapped/deformed babies another unaffordable cost to the taxpayer.

Obesity must be controlled. Too expensive to working age taxpayers. etc etc etc.

Our government have a very long way to go yet. They have hardly started.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 9, 2011 21:12
after the local election results and the disastrous referendum for lib dems side of the coalition I expect to see Nick Clegg step down or be rather forcibly replaced and we might possiby lose Vince Cable to the other side of the house. Both men have goofed seriously. The former in errors of judgment, the latter with indiscreet mouth. I should regret the loss of Cable but I doubt the banks would mourn.
Ashraf Laidi
London, UK
Posts: 0
13 years ago
May 9, 2011 19:46
I Have a whole section on GBP technicals ahead of the week's major releases from the UK

Ashraf
Ashraf Laidi
London, UK
Posts: 0
13 years ago
May 4, 2011 8:22
GBP Analysis Ahead of UK Construction PMI in 70 minutes from now

Sterling has slid to its lowest levels against a basket of currencies since October last year after yesterdays manufacturing PMI data for April fell short of expectations, to its lowest level for 7 months.

This fall more or less guarantees, if any were needed, that the Bank of England will keep rates unchanged at tomorrows meeting of the MPC committee, as fears about anaemic UK Q2 GDP growth continue to grow. Todays release of April construction PMI is unlikely to change that perception with expectations of a decline to 55.9 from Marchs 56.4 reading.

Even though shop price inflationary pressures continue to remain elevated with food price inflation jumping by 4.7% from 4% the month before, it appears that the central bank will continue to ignore these factors in their deliberations. As a result the pound has slipped back towards its post GDP support level of 1.6430. A break below this support could well target a deeper down move towards 1.6260 and the 55 day MA. Against the euro yesterdays break through the 0.8940 2010 level could well presage further sterling losses towards the 2010 extremes at 0.9150.

By KM of AshrafLaidi.com Staff

Ashraf
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 4, 2011 7:26
cable's last stand at 1.640-638?
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Apr 29, 2011 22:54
Short but busy week in UK data next week

From MNI FX Bullets (which all free subscribers must have access to)

STERLING: Next week will be a hectic if compressed one for data,
given that Monday is a bank holiday.

Tuesday will see the release of the
manufacturing PMI, with markets looking to this for some confirmation
that this sector continues to provide a much-need prop for a the still
fragile-looking recovery. CBI distributive trades survey will be
released later that morning, another key release given that the state of
consumer demand has been a key element in the BOE MPC's present
reluctance to hike rates.

Wednesday will see the release of the
construction PMI - which will be examined for evidence of what is going
on in this highly volatile sector, which has been hard hit by the
government's cuts to its capital budget as well as the languishing house
market. The Nationwide HPI will also be released earlier that month and
expectations are that this will do little better than flatline, given
the recent hit to consumer confidence and the imminent fiscal squeeze on
consumers.

Ashraf
digi
toro, Canada
Posts: 1040
13 years ago
Apr 29, 2011 14:07
its Windsor of course
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Apr 29, 2011 12:24
From MNI FX Bullets on UK Property

UK PRESS: Two of the UK's biggest property companies have provided fresh
warnings about the health of the economy after reporting that business
demand for new commercial space remains fragile, the Telegraph says.
Segro, the warehouse owner, said its vacancy rate increased from 12pc to
12.1pc in the thre months to March 31, with London and the South East
"resilient" but the rest of the UK suffering from "more challenging
economic conditions". Meanwhile, Hammerson, whose portfolio includes the
Bullring shopping centre in Birmingham, said consumer spending in its
centres had been impacted by Government austerity measures and
above-target inflation, the paper says.


Ashraf
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Apr 29, 2011 11:04
dave whats the royal families last name..lol..i only know them by titles or first name ..thanks:)