Author Topic: fall in the pound  (Read 6506 times)

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Offline mercury

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fall in the pound
« on: September 08, 2014, 08:02:16 AM »
Just seen that due to The Scottish referendum and the "possibility" of a yes vote that the pound is dropping... Is it affecting exchange rates in Turkey?



Offline nichola

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Re: fall in the pound
« Reply #1 on: September 08, 2014, 08:46:24 AM »
The exchange rate is down to 3.49 from 3.63 but I don't know for what reason.

I'm reading that it's neck and neck in the Scottish referendum.

Offline mercury

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Re: fall in the pound
« Reply #2 on: September 08, 2014, 08:56:21 AM »
Hi. Nichola....that is why..No one ever thought that there was ever going to be anything other than a yes vote... The. Pound is down against all currencies.... On the bright side good for those wanting their money out if Turkey...

Offline Jacqui Harvey

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Re: fall in the pound
« Reply #3 on: September 08, 2014, 09:02:11 AM »
Hi. Nichola....that is why..No one ever thought that there was ever going to be anything other than a yes vote... The. Pound is down against all currencies.... On the bright side good for those wanting their money out if Turkey...

Wrong Mercury everyone thought there would be a No vote. That has been the view and the results of all the poles up to the last couple of weeks.  The latest  pole is a great surprise to a lot of people, however it is just one pole.   

Offline scorcher

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Re: fall in the pound
« Reply #4 on: September 08, 2014, 09:06:58 AM »
Those Poles seem to be everywhere!

Offline JohnF

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Re: fall in the pound
« Reply #5 on: September 08, 2014, 09:25:39 AM »
The exchange rate is down to 3.49 from 3.63 but I don't know for what reason.

Most financial sources are suggesting that the results of recent Scottish referendum polls are affecting the value of the GBP - this, coupled with the poor performance of the EUR are giving the impression that the TL is strengthening, when in reality it isn't.  When viewed against other major currencies (such as USD) the TL is about the same.

The effect of a "Yes" vote on sterling could be interesting...

JF

Offline mercury

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Re: fall in the pound
« Reply #6 on: September 08, 2014, 09:33:00 AM »
Sorry meant to say no Jaqcui..

Offline Colwyn

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Re: fall in the pound
« Reply #7 on: September 08, 2014, 09:50:31 AM »
The £ is down against other currencies across the world. The drop against the $ is 1% and this is reflected, if not directly matched, by falls against other currencies. If this happens when there is the slightest hint, in one poll, of a "Yes" vote for Scotland leaving the UK, I wonder if this a mere ripple in comparison with the giant wave that would be generated by a hint that the rUK maybe would vote "Yes" to leave the EU.

I'm going spend my £s while they still have value - off to Turkey in a couple of days!
« Last Edit: September 08, 2014, 10:34:31 AM by Colwyn »

Offline JohnF

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Re: fall in the pound
« Reply #8 on: September 08, 2014, 10:12:15 AM »
Colwyn - I don't think this is based on the results of one poll. 

The Yes campaign appears to have gained a sense of momentum over the past few weeks and look to have captured the votes of many immigrants.  Bearing in mind that many of these immigrants are from central European (and ex Commonwealth) countries, the term "independence" is not new to them - unfortunately I suspect many will vote Yes without knowing the full ramifications of their vote.

A useful, and potentially more accurate, indicator is that of the bookies.  The odds for a Yes vote have been tumbling over the past couple of weeks and I've yet to see firms like Bet365, Willy Hills etc post a loss...

JF

Offline KKOB

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Re: fall in the pound
« Reply #9 on: September 08, 2014, 12:57:57 PM »
Bloody Poles. Coming over here and taking our poles.




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