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Post by gordo on Sept 7, 2022 20:04:25 GMT
Sterling has hit a 37 year Low against the Dollar as it went down to $1.14.5 the other day. It is now at $1.15. from BBC News.............. ( It is noted, this BBC report does not mention Brexit!! ) www.bbc.co.uk/news/business-62817391 |
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Post by philbadfactor on Sept 8, 2022 5:16:02 GMT
Apparently there could be a run on the pound, which I think means investors selling off UK assets ? Such as Government Bonds ?
I've read we could well be on our way to becoming a "failed nation."
Government debt will be "junk bonds".
worth very little.
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Post by gordo on Sept 16, 2022 17:29:09 GMT
Pound went to below $1.14, today. It still ended at less than £1.14, this evening! Doesn't look too good for the new Liz Truss economy! And we can bet Brexit plays a big part in this. from BBC News.................... www.bbc.co.uk/news/business-62923994 |
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