Lira getting Stronger - Why?

[Colwyn]

Yeah, I'm betting Carney has hyped up a rate rise so much he'll be putting pressure on the committee to confirm it. There, that should put the rate up to 5.TEN !

[JohnF]

Sterling having a good couple of days versus the Euro as well, currently at its highest for a few months.  Long may that one continue!

JF

[stoop]

Looks like a 90% chance of a rise.

Lira and Euro have gained slightly this morning but the big news is bitcoin.

£500 invested two years ago now worth over £28k.

Damn I wish I’d listened to my kids for once - grrrr

[JohnF]

Sterling fell off a cliff against the Euro and the Lira...  bummer.  Lets see what happens with the afternoon trading, may see a recovery.

JF

[yabanci]

Looks like a 90% chance of a rise.

A 0.25% rise in UK interest rates. Lira now up to 5.11 to the pound.

[KKOB]

0.25 - 0.5% ! We knew it was coming eventually.

[JohnF]

Looks like a 90% chance of a rise.

A 0.25% rise in UK interest rates. Lira now up to 5.11 to the pound.

Where you getting that from?

The lira strengthened from 5.04 to 5.00 immediately after announcement and is still only at 5.01 to the pound.

JF

[yabanci]

I was looking at XE, but it must have been a blip as its now showing 5.00 and with a high of only 5.06, much earlier today.

[stoop]

Just shows the post Brexit reduction wasn’t needed. We are back where we were before the vote. Carney is a fool!

[Colwyn]

Just shows the post Brexit reduction wasn’t needed. We are back where we were before the vote. Carney is a fool!

Have you come off your medication, Stoop?