Rooney is featured in this episode on a chunky gold identity bracelet
Who can explain the logic behind stock market and forex markets - they are prone to sharp changes for the most bizzarre reasons. But to try to answer your question I think, the US Dollar has always been a flight currency as its the biggest economy in the world. Thus there is a perception that this makes it a safer place for funds in time of peril.
Sterling is possibly not as strong as the Euro as we are a little later in terms of lockdown - mainly because we got the virus a little later than some eurozone countries. Sam thing for the FTSE.
The global market stock prices were all at record highs immediately before the virus started to hammer them. COVID in my view triggered an overdue market correction, and conceivably more correction was needed to the UK stock market where the fundamentals may not have been so strong. In part this could be due to the euphoria in finally achieving brexit having caused UK indices to have risen too much? Who can say
However I imagine that by June next year the markets will have clawed back to perhaps within 10% of their December 31 2019 values. Look at 2008-09....... massive drops in market, all fully clawed back in the succeeding 2 years. Unless you have to draw down on private pensions, don't do so: but, not trying to take the piss here, teachers pensions are still defined benefits, so you re not carrying the investment risk anyway: the taxpayer is.
Rooney is featured in this episode on a chunky gold identity bracelet
Another ‘villain’...company called ‘Home Vibe’ (Always the best prices)...arrived in my Inbox advertising the ‘new normal’ essentials such as 500ml of Disinfectant for £12.99 (reduced allegedly from £49.99) and 100ml of Hand Sanitiser for £9.99 (reduced from £29.99).
Yeah right! Remember the name, hope there is karma and they reap what they sow sometime very soon.
P.S. Sorry mac...hadn’t read your post first. Entirely agree...again you provide the voice of reason.[/QUOTE]
MA even!
I think criticism of a lack of certainty, as in pubs and cafes etc should close would be better. Also there is much that can be done re keeping workers paid, who are even now being laid off or being made redundant, some sensible suggestions today from MP's re using the tax system and making benefit payments quicker and they knew weeks ago that they might have to close schools, you would think that they would then have plans re children of key workers and exams?
I for one am not impressed by Johnson's handling of the crisis, he is not a leader that inspires confidence and looks like he isn't quite as keen on being PM as he was! Still I guess he is better than Trump, not that I'm sure thats a ringing endorsement.
Last edited by ramAnag; 19-03-2020 at 11:00 PM.
Apparently there's a shortage of baby milk powder and some gits are selling one tin (11 to 14 quid) for £200 or more on eBay!! ****bags!!
At the local Asda there were several hundred waiting before it opened at 6am and by 7-30 they had gone leaving all the shelves stripped bare!! Tossers!!
So, it would seem this country is made up of arseholes and scumbags!!