/biz/ - Business & Finance

Queen rugpulled, very sad

They didnt raise rates quick enough to keep up with the Americans, they are still down at 2.5 where as the fed is already at 3.75. Also whilst being low on interest rates they’ve announced they are going to print loads of money and reduce taxes

>>51605811

>European interest rates: 1%
>japn interest rates: 0.25%
>Australian interest rates: 2%

Britain has higher interest rates than most developed economies and started raising them before anyone else.

Are you just another normie who doesn’t understand anything and has to rely on popular narratives for everything? Retard

>>51605843
No one else matters when you are measuring the pound against the dollar, the rate rises are just a part of the problem obviously it wouldn’t of been this bad if they didn’t announce a massive money printing spree

>>51605864

Then why is the GBP plummeting worse than those others when they have tightened more and for longer? You offered a dumb ass reason for it which was clearly not true.
It must be happening due to something else. Imo, its just supreme bearishness on the UK by traders like like peak brexit before it turned out the UK wasnt going to erupt into a ball of fire and it went back up again by 35%.

The UK has been subject to bearish bias by investors for almost a decade now, and it always over sells reality.

>>51605758
>ooops did I do that?

>>51605899
So you are saying go long British pound?

>>51605917
I first bought BTC back in 2010 (and lost my Kleopatra seed phrase).
However I still don't understand what going long is.

>>51605899

>and it always over sells reality

Sounds like you're clinging on to some hope that the economy isn't going take a massive shit further down. You would be wrong if that is the case. All it takes is to look at the charts. Those who don't, lose. We are headed for more pain, the Brits are just ahead of the game in that regard.

>>51605935
Going long means buying something in the hopes it rises in value, it’s means the same thing as being bullish

>>51605960

I read this over and over in mid brexit. Are you 19 years old? I guess that was back when you were 14.
Maybe you just never paid attention till this year.

Either way. Ftr i dont even live in the UK and hold absolutely no positions or wealth in GBP. Im just pointing out the truth of people who get lost in narratives

>>51605899
>if I dont get it, it must be a conspiracy
Solid reasoning son, the pound dropping 4% in one day is a sure sing everything is well

>>51605971
So basically every time I buy crypto? How is that different from just normal buying?

>>51606032

Who said anything about a conspiracy?
Was it a conspiracy when the GBP plummeted in Dec 2020 on Brexit doom and gloom then rallied 20% after it happened?

Same shit going on now. Its. Ot a conspiracy just because someone else doesn’t get wrapped up in your normie tabloid narratives.

>>51606074
Its a 37 year low, nigger.
Also, you not being british. Kiss my ass.

>>51606052
There is no difference, if you buy bitcoin in the hopes of selling it later for a profit then you went ‘long’

>>51606074
Might get abit of a bounce when the dollar rolls over but I don’t see that happening anytime soon, the pound is probably going to hit parity with the dollar

>>51606085

Im british you melt. I just dont live in UK anymore.

The truth is, every currency is getting raped by USD again, just like in the 1980s, which will lead to another Plaza Accord. The GBP is being overly hammered by the normie trade in forex communities of “be supremely bearish on brexit coz people say its so bad in Britain”.

Thats why it plummeted 2.5x more than the EUR yesterday. Its going to rebound hardest of all currencies when the new plaza accord comes around.

>>51606121
What’s plaza accord?

>>51606121
Will America willingly dump their currency when they are no longer a producer and instead just a financial centre? A weak currency back in the 80's was a boon as it meant we would buy more shit off them. A strong currency now is somewhat decent for them as it allows them to consume more and more and there is one thing Americans love doing above all else and it's consuming.

>>51606171
You see that spike after the crash from $2.4 for £1 on the graph? That's because of the plaza accord where the US agreed to devalue their currency.

>>51606180

Except it will lead to other countries putting up protectionist policies to cope like large export taxes to US.

>>51605843

Check the inflation relative to interest rates.. Aus is doing absolutely fine.

Only people hurting are investors and no one cares about investors.

>>51606085
>>51605758
BAHAHAHAHAHAHAHAHAHAHAHAHA

Has the new tax rate been implemented yet?

>>51606233
If capital controls are being put in place in this environment against so called friendly states then it's fucking over. It's an admission that the country has been purchased on discount and all value is about to be stripped from the nation.

>>51606266
next april

>>51606322

Well thats why they did the Plaza Accord last time this happened. Countries were starting to and had no choice but to put up export taxes to the US and it is why the US agreed to devalue their currency