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[Sir Tigger KC]

Fiat currencies like USD, GBP can be printed in Buzz Lightyear's words 'to infinity & beyond' as long as credibility is strong enough to sustain it. USD as the globe's reserve currency, definitely, GBP almost certainly where they are both very, very strong, stable, safe haven in a storm currencies.

Um..... 

Since last Monday 9th March Sterling (GBP/USD) has plunged from a high of $1.32 to a low today of $1.20. 

Compare that to the Japanese Yen (USD/JPN) which is a safe haven currency and has gone from Y104.26 on Monday 9th March to a high of Y108.50 on Friday 13th. It fell back a bit yesterday, but has climbed again today. 

If I was a conspiracy theorist, I might suggest that some big players are shorting Sterling on purpose to make life even harder for the country in these difficult times, to try and force Boris's hand so he will have to plead for an extension to the transition period. It wouldn't be the first time and a certain Hungarian/American billionaire springs to mind. 

But Sterling a safe haven reserve currency?  Hardly. 

[Doctor Gollum]

Definitely summat in the water in that part of Sandhurst 

[TheBoy]

Facebook isn't news, or accurate 

Social Media is the cancer of modern society.

Arsebook and others have at last promised to delete a lot of the wank around this current case of the sniffles that is clearly false.

[Sir Tigger KC]

Facebook isn't news, or accurate 

Social Media is the cancer of modern society.

Arsebook and others have at last promised to delete a lot of the wank around this current case of the sniffles that is clearly false.

Good, some of the utter bile on twitter is disgusting! 

[Sir Tigger KC]

Sterling is having a bad day from it's open at $121.30 and is currently at $115.25 off a low of $114.51.     

[Doctor Gollum]

Not as bad a day as the Dollar if it is trading $114 to a £...

 

[Sir Tigger KC]

Not as bad a day as the Dollar if it is trading $114 to a £...

 

Not how it works. 

The Yanks can now buy a Pound for 15 cents less than they could a week or so ago, which will be great for British exporters if they can keep their businesses running. 

But the flip side is that imports become more expensive, so if you'd bought a $20 car part from a US ebay supplier last week you'd have paid £15.38 ($1.30/£1), today you'd have paid £17.54 ($1.14/£1). 

Another consequence is that crude oil and other commodities are priced in dollars...... 

[STEMO]

Not as bad a day as the Dollar if it is trading $114 to a £...

 

Not how it works. 

The Yanks can now buy a Pound for 15 cents less than they could a week or so ago, which will be great for British exporters if they can keep their businesses running. 

But the flip side is that imports become more expensive, so if you'd bought a $20 car part from a US ebay supplier last week you'd have paid £15.38 ($1.30/£1), today you'd have paid £17.54 ($1.14/£1). 

Another consequence is that crude oil and other commodities are priced in dollars...... 

I think Al meant it's $1.14 to the £, not the $114 you put 

[Sir Tigger KC]

Not as bad a day as the Dollar if it is trading $114 to a £...

 

Not how it works. 

The Yanks can now buy a Pound for 15 cents less than they could a week or so ago, which will be great for British exporters if they can keep their businesses running. 

But the flip side is that imports become more expensive, so if you'd bought a $20 car part from a US ebay supplier last week you'd have paid £15.38 ($1.30/£1), today you'd have paid £17.54 ($1.14/£1). 

Another consequence is that crude oil and other commodities are priced in dollars...... 

I think Al meant it's $1.14 to the £, not the $114 you put 

Clever bastard isn't he? 

[STEMO]

Not as bad a day as the Dollar if it is trading $114 to a £...

 

Not how it works. 

The Yanks can now buy a Pound for 15 cents less than they could a week or so ago, which will be great for British exporters if they can keep their businesses running. 

But the flip side is that imports become more expensive, so if you'd bought a $20 car part from a US ebay supplier last week you'd have paid £15.38 ($1.30/£1), today you'd have paid £17.54 ($1.14/£1). 

Another consequence is that crude oil and other commodities are priced in dollars...... 

I think Al meant it's $1.14 to the £, not the $114 you put 

Clever bastard isn't he? 

Hmmmm....I wouldn't go that far 

[Sir Tigger KC]

Not as bad a day as the Dollar if it is trading $114 to a £...

 

Not how it works. 

The Yanks can now buy a Pound for 15 cents less than they could a week or so ago, which will be great for British exporters if they can keep their businesses running. 

But the flip side is that imports become more expensive, so if you'd bought a $20 car part from a US ebay supplier last week you'd have paid £15.38 ($1.30/£1), today you'd have paid £17.54 ($1.14/£1). 

Another consequence is that crude oil and other commodities are priced in dollars...... 

I think Al meant it's $1.14 to the £, not the $114 you put 

Clever bastard isn't he? 

Hmmmm....I wouldn't go that far 

Maybe not. 

Facetious bastard then?     

[STEMO]

Not as bad a day as the Dollar if it is trading $114 to a £...

 

Not how it works. 

The Yanks can now buy a Pound for 15 cents less than they could a week or so ago, which will be great for British exporters if they can keep their businesses running. 

But the flip side is that imports become more expensive, so if you'd bought a $20 car part from a US ebay supplier last week you'd have paid £15.38 ($1.30/£1), today you'd have paid £17.54 ($1.14/£1). 

Another consequence is that crude oil and other commodities are priced in dollars...... 

I think Al meant it's $1.14 to the £, not the $114 you put 

Clever bastard isn't he? 

Hmmmm....I wouldn't go that far 

Maybe not. 

Facetious bastard then?     

Yeah 

What does facetious mean again 

[Doctor Gollum]

Mr Peanz to General Disruption...