The pub? It'll fall back later.
Watching the dollar
There are 1,002 replies in this Thread which has previously been viewed 48,176 times. The latest Post () was by Rice.
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The dollar is on the rise again and sitting at $288 but I'm I'm not sure why.
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The dollar is on the rise again and sitting at $288 but I'm I'm not sure why.
That might be our fault: sorry!
As I understand it, world markets are pretty nervous about tipping into a world recession what with wars, floods, lunatic politicians etc. Then yesterday our Chancellor of the Exchequer didn't hold a budget. A budget would have required financial oversight and his showing his workings-out which he did not want to do so he had a "Fiscal Event" in which he could say and do what he liked without being challenged on it. Essentially he has committed to spend over GBP100Billion without saying how he will pay for it at the same time as cutting off some of his avenues for raising the cash. Most of the rest of the world thinks that's pretty damn stupid and the stock exchange plunged and the pound dropped at one point to USD1.08. That is not a typo. $1.08. That was enough to frighten the rest of the markets into confusion and naturally the USD came out on top.
So once again, sorry everybody. If it is any consolation - which it isn't - I didn't vote for BoJo or his successor.
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Always happens on a Friday.
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PS If anybody is interested, I think Paul Krugman in the NYT has just about nailed it:
<https://www.nytimes.com/2022/0…russ-tax-cut-economy.html>
PPS The last paragraph..."Britain isn't Argentina"
Not yet, anyway.
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Ouch. Krugman’s vote of No Confidence. But he definitely knows what he’s doing.
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It's up to $308 today, folks!
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It's up to $308 today, folks!
My UK pension just gets better and better....🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺🍺
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Blue up to $312 today, but not sure why.
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I went to my cueva and they offered 305, and after I showed them the page of Ámbito they said that those are "mayorista values" and she hasn't received any updated rate. At most, she could offer 306 when Ámbito was showing 308-312. No thanks.
She was offering 310 for Euros, and also stated that they exchange Euros at the same value, regadless of the bill face value. She even takes coins!
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When the published rate is 308-312, 305 0r 306 is not too bad.
I have only got the published rate when I have done a private trade.
In our barrio , the agreement is to take the mid-price, so if you lived here, 310 would have been your deal for the day!
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When the published rate is 308-312, 305 0r 306 is not too bad.
I have only got the published rate when I have done a private trade.
In our barrio , the agreement is to take the mid-price, so if you lived here, 310 would have been your deal for the day!
Indeed! But my friend was already struggling to meet the 306 mid-rate this morning, so I turned to the cueva in the afternoon.
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Meanwhile here out in the sticks we're not too fussy..... 'our man' is pretty fair to be honest. I'm just amazed he hasn't been mugged!!
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Like GJ, we buy and sell between friends and family because there's always a good spread between who wants to buy and who wants to sell. Normally we split the difference.
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$319 today
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Any bets on where it will finish on 31/12?
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Any bets on where it will finish on 31/1
Gawd only knows....as long as inflation keeps rising it'll keep rising as well.
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$321 at midday today. Most people reckon that $400 is more realistic.
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Un fathomable.
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