Cyprus-Forum.com

[Paphitis]

Sterling definitely has the Corobrexit virus.!!
Trading currently at just over 1.08 to the euro and 1.18 to the dollar. Bloody ....speculators Why on earth do they not speculate an upward movement.!!
Well, the currency markets have no confidence in the UK economy due to BREXIT and due to having a fucking clown as the PM.

Speculators are not in speculation mode right now in case you haven't noticed.

They are buying up USD, Francs, Bonds and Gold to protect their balance sheets.

They are dumping their shares and looking for the safe harbours.

[cyprusgrump]

Sterling definitely has the Corobrexit virus.!!
Trading currently at just over 1.08 to the euro and 1.18 to the dollar. Bloody ....speculators Why on earth do they not speculate an upward movement.!!
Well, the currency markets have no confidence in the UK economy due to BREXIT and due to having a fucking clown as the PM.

How is your 'mighty' €uro faring against the $ and other currencies today CoCo...?

£1 = $1.18
€1 = $1.08

Seems to be down a bit, no...?

[Paphitis]

Sterling definitely has the Corobrexit virus.!!
Trading currently at just over 1.08 to the euro and 1.18 to the dollar. Bloody ....speculators Why on earth do they not speculate an upward movement.!!
Well, the currency markets have no confidence in the UK economy due to BREXIT and due to having a fucking clown as the PM.

How is your 'mighty' €uro faring against the $ and other currencies today CoCo...?

£1 = $1.18
€1 = $1.08

Seems to be down a bit, no...?

Everyone is dumping everything for Treasury Bonds, USD, Francs and Gold.

the Euro is no different. It's one of the riskier currencies because the EU could very soon have another Banking crisis in Spain and Italy. It will be the first ship that sinks.

[miltiades]

Time will tell. In the meantime.the EURO., inspite of Italy and all other European members is holding its own.
Not long now !!

[Paphitis]

Time will tell. In the meantime.the EURO., inspite of Italy and all other European members is holding its own.
Not long now !!

It isn't. it's sliding too and it's gonna get worse.

https://www.xe.com/currencycharts/?from ... SD&view=1M

[cyprusgrump]

Time will tell. In the meantime.the EURO., inspite of Italy and all other European members is holding its own.
Not long now !!

No it isn't... It is down ~10% against the $...

...and yet you told us the only reason that the £ was down was due to Brexit...

So why is the € down against other currencies...? Brexit, speculation or the virus crisis...?

Go on, go for broke... I need a few more of your classic 'keepers'!

[erolz66]

So why is the € down against other currencies...? Brexit, speculation or the virus crisis...?

The Euro is NOT down vs Sterling. All currencies are down vs the USD. The only comparison is how much. The Euro is down less vs the dollar than sterling is, even though currently the virus outbreak is much worse in Italy than it is in the UK. There are reasons why Sterling is faring even worse then the Euro vs the USD.

[cyprusgrump]

So why is the € down against other currencies...? Brexit, speculation or the virus crisis...?

The Euro is NOT down vs Sterling. All currencies are down vs the USD. The only comparison is how much. The Euro is down less vs the dollar than sterling is, even though currently the virus outbreak is much worse in Italy than it is in the UK. There are reasons why Sterling is faring even worse then the Euro vs the USD.

Straw Man... You can't help yourself can you...?

[miltiades]

Time will tell. In the meantime.the EURO., inspite of Italy and all other European members is holding its own.
Not long now !!

No it isn't... It is down ~10% against the $...

...and yet you told us the only reason that the £ was down was due to Brexit...

So why is the € down against other currencies...? Brexit, speculation or the virus crisis...?

Go on, go for broke... I need a few more of your classic 'keepers'!

How did you work out that the Euro is 10% down on the dollar ?

[cyprusgrump]

Time will tell. In the meantime.the EURO., inspite of Italy and all other European members is holding its own.
Not long now !!

No it isn't... It is down ~10% against the $...

...and yet you told us the only reason that the £ was down was due to Brexit...

So why is the € down against other currencies...? Brexit, speculation or the virus crisis...?

Go on, go for broke... I need a few more of your classic 'keepers'!

How did you work out that the Euro is 10% down on the dollar ?

Oh, I'm glad you asked that!

I used the same logic you use when bleating on about 'The Pound in your pocket'...

Take some arbitrary figures and ignore the bits that don't suit your argument...

High = 1.25
Low = 1.07

Perhaps you can explain how Brexit has caused the €uro in your pocket to slide against the mighty Dollar?