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Author Topic: Lira getting Stronger - Why?  (Read 74587 times)

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Offline stoop

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Re: Lira getting Stronger - Why?
« Reply #790 on: September 27, 2017, 12:36:18 PM »
According to my phone the lira is now at 4.8 to the pound. How long before it hits 5?

Same question was asked in 2015. Never quite got there.

If it keeps going down we will just have to buy some more ;-)



Offline Scunner

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Re: Lira getting Stronger - Why?
« Reply #791 on: September 27, 2017, 20:59:25 PM »
I remember thinking it would never go above 3. And then 4.

5 is more likely as we look at raising interest rates in the UK - the next big milestone before 5 is it reaching its highest rate since the 000's were dropped. That stands at 4.8605, and was in late January this year. We hit 4.8048 earlier today.

Offline Scunner

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Re: Lira getting Stronger - Why?
« Reply #792 on: October 09, 2017, 08:10:53 AM »
Hit 4.93 earlier today

Offline JohnF

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Re: Lira getting Stronger - Why?
« Reply #793 on: October 09, 2017, 09:46:54 AM »
Tit for tat diplomatic row with US and potential incursions into Syria giving the markets a bit of a worry over the lira.  Chances are it'll recover, but then it may not.  :)

JF

Offline Colwyn

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Re: Lira getting Stronger - Why?
« Reply #794 on: October 09, 2017, 10:21:48 AM »
Rise in Turkish inflation (it went over 11% in September) suggests underlying economic weakness. Erdogan will be putting pressure on the CB to reduce interest rates to respond to high inflation - his target is 5%. If CB gives in then Scunner's 5TL pound may be just round the corner, especially since the £ is bouncing back after a few very bad days. (Tories: the party that put the May into mayhem).

Offline Ray1951

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Re: Lira getting Stronger - Why?
« Reply #795 on: October 09, 2017, 11:32:17 AM »
All you 'would be' financiers will make NO difference to the world's economy but I'm sure it keeps you out of mischief. Currencies rise and currencies fall and always will.  If you can live day to day, month to month etc. just accept it and use the fluctuation for friendly banter.

Offline Highlander

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Re: Lira getting Stronger - Why?
« Reply #796 on: October 09, 2017, 12:49:34 PM »
Eh ?

If people wish to comment on the present exchange rate that does not mean they consider themselves financiers surely. :(

If I commented on missions to the moon would that make me a would be rocket scientist ?

Offline Colwyn

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Re: Lira getting Stronger - Why?
« Reply #797 on: October 09, 2017, 17:08:52 PM »
How's the weather up your way, H? Oops, you're not a meteorologist so you wouldn't know, would you?

Offline JohnF

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Re: Lira getting Stronger - Why?
« Reply #798 on: October 09, 2017, 17:24:17 PM »
All you 'would be' financiers will make NO difference to the world's economy but I'm sure it keeps you out of mischief. Currencies rise and currencies fall and always will.  If you can live day to day, month to month etc. just accept it and use the fluctuation for friendly banter.

What a very odd post to make on a DISCUSSION forum. 

JF

Offline Colwyn

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Re: Lira getting Stronger - Why?
« Reply #799 on: October 11, 2017, 13:58:18 PM »
Chances are it'll recover, but then it may not.   :)
Lira having a good day and has made back a big chunk of its Monday losses.




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