Author Topic: Lira getting Stronger - Why?  (Read 291400 times)

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Offline Ian

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Re: Lira getting Stronger - Why?
« Reply #10 on: October 29, 2014, 17:57:35 PM »
I think she knew more than those who are considered to be experts :-)



Offline Colwyn

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Re: Lira getting Stronger - Why?
« Reply #11 on: October 29, 2014, 18:05:58 PM »
That part of the post I was able to figure out for myself Ian. It was the "emoji1" bit that lost me. It is a technical term I had not encountered before. Emergency Monetary Override Judicious Intervention: Level One perhaps?

Offline Ian

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Re: Lira getting Stronger - Why?
« Reply #12 on: October 29, 2014, 18:23:09 PM »
Ahhh I see - I am typing the original "colon / dash / bracket" smiley face" at this end and that is what I see but it sounds like you / others get a descriptor? I guess as this was the first emoji - it is probably referred to as emoji1 and if that is the case I would blame John F !!!

Offline Colwyn

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Re: Lira getting Stronger - Why?
« Reply #13 on: October 29, 2014, 18:27:31 PM »
I would blame John F !!!
Since he is Gruppenfuhrer of CBF I won't be surprised if you are missing from the forum for a few days.

Offline Evie

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Re: Lira getting Stronger - Why?
« Reply #14 on: October 30, 2014, 05:58:25 AM »
Lots stronger against dollar pound and euro. Bad news on euro economy and stress test results on banks making investors look to other markets. Foreign investment in Turkey up 10% plus world bank suggesting Turkey and USA have their own trade talks. Goreign exchange always risky but let's hope the trend continues.

Offline Evie

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Re: Lira getting Stronger - Why?
« Reply #15 on: October 30, 2014, 05:59:27 AM »
Foreign

Offline Colwyn

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Re: Lira getting Stronger - Why?
« Reply #16 on: October 30, 2014, 11:42:43 AM »
The Lira has had a good October; I wonder how it will do in November. After this week the US Federal Reserve will stop its Quantitative Easing programme that has been running for over 5 years. This has pumped huge amounts of money into the world economy - $4.5 trillion, an incomprehensibly gigantic sum. A great deal of this cheap money was invested in emerging markets which offered a better return than the advanced economies. Turkey did very well out of it. Will foreign investors still be as interested when cheap money is no longer available? It may not take us too long to find out.

Offline KKOB

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Offline Colwyn

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Re: Lira getting Stronger - Why?
« Reply #18 on: October 30, 2014, 14:42:17 PM »
My first reaction was "Ah, the good old Daily Mail - News invented by drunken hacks down at the boozer".  Because, obviously, the
£ is not crashing. Yesterday it dropped against the $ by 0.6%. Wow!

But actually even the Mail didn't dream up the crazy notion that the £ was crashing; it merely said the $ had "pushed below" 1.6 to the £ (by the way it is back over 1.6 again today). Who made this up? It wasn't you, was it KKOB? Have you a job application in with DM?

Offline KKOB

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Re: Lira getting Stronger - Why?
« Reply #19 on: October 30, 2014, 15:21:15 PM »
No mate, I'm far too busy keeping the peace around the North West.




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