/biz/ - Business & Finance

if you had to ape into the pound or the yen which u doing

>>51626825
Probably killing myself, how bout you?

bong here, should i asked to be paid in bread and water instead?

>>51626841
yen is just so much more despondent and comfy to me

>>51626855
id ask to be paid in used furniture to burn this winter fren

>>51626855
Pointless asking for that. The money isn't going to be able to pay for a baker let alone water treatment. If it goes under a dollar I'm just going to kill myself before I starve.

english pound really lost -4% today?
that's turkish lira tier daily candle
i'm all in EUR and i feel bad for you my favorite ennemy, Nigel.
t. french

>>51626817
>How low can the £ go?
It can go all the way to 0.

>>51626825
You stupid faggots really need to rid yourself of the buy-the-dip mentality

>>51626817
0.95 USD

Then truss finally gets the axe she should've gotten when they released that disastrous plan last week

>>51626960
maybe when i stop making money

>>51626817
It will go below the euro.

I run an analytics company. Only have UK/EU clients. Is it worth it to court US clients more proactively?

>>51626983
That’s really fuckin optimistic mate. I’m guessing 0.7 or 6 at this rate and even then that’s sort of high-baring it

>>51627076
There's going to be a sharp turn over in demographics soon so that's a hard hold

a weak pound is good for exports though, right?

>>51627121
In theory, though the UK doesn’t export much to the countries who’ll have money to spend. It’s been a good week for the whisky industry.

>>51627114
What do you mean, a hard turnover in demographics?

>>51627121
exports? What exports?

>>51626817
Holy shit the dollar is heeming the world.

>>51626817
The mini-budget on Friday revealed to the world the stuttering potheads that run this scam. Price has already tanked 4%. Once it breaks through the $1 resistance the panic will begin and small holders and speculators will begin to offload, with the whales already long gone. Once it shoots below the $1 mark, unabated FEAR will ripe through all bongs. With all those who dumped their current accounts into this scam twitching at their arsehole continuously while refreshing NatWest. The $0.50 mark will be met, the largest panic in history will ensue. The final deluded posters will begin to go offline, and wagecuckers with their engineering salaries loaded up in GBP will be left with it stuck in their wallet, unable to move it to USDC to salvage some self respect. The price WILL tank at this point to sub $0.10, and most probably sub reformation levels. From that day forward the deluded britbong wagecucking engineering nerds who bought this coin thinking it had fundamentals will go back to their jobs, with no money in their current accounts, to be made redundant by the next wave of burgers arriving to pick the bones of their industries. Deluded Deanos will hold bags FOREVER, with no job, no money, and no crypto. I warned you. There’s still time to get out. Sell NOW. Don’t be deluded, don’t be british.

>>51627121
Problem is the UK imports oil and coal

Sure it gets some oil and gas from the North Sea but most energy is foreign and paid for in USD

>>51627121
yeah for like the 5 niche products that the uk exports, but you know the imports like clothes, food, cameras, keyboards, plastic boxes, tables, glasses, lamps etc, basically everything that you use in a daily life will go up in price

>>51627242
Hey, Nicky are you on the floor? good

I need you to double the brit position

>>51626817
We need to give Ukraine 10 more billions to save Europe

>>51626817
we'll be forced to become a super exporting country

Even at the height of the credit crunch the lowest we got to was $1.43 to the pound. We are absolutely, categorically fucked with these morons in charge.

>>51626817
0

>>51626817
It's really poundin the floor down

>>51627076
Maybe you should analyze that for us and report back. But seriously, americans and denominate all contracts in usd

>>51627661
We’ve been invited to bid for work in the US before, and occasionally do an odd project with a US HQ, but it’s never been worth making a big effort. I’m wondering if the cheap pound might bring enough work to make it worthwhile. Analytics services are, generally speaking, expensive and not always great value.

>>51627753
>Analytics services are, generally speaking, expensive and not always great value
Perhaps you should employ someone in a sales role, in addition to courting US business.

>>51627804
kek, obviously my company is the exception to the rule, and offer a truly transformative offering at a very reasonable price.

>hurr let’s ask the market if we can borrow money to blow it all on tax cuts for the rich
If you are middle class in the UK you should just emigrate to AU, Canada, USA now it’s over

>>51627840
thanks kwasi

>>51627121
Goods manufactured in factories powered with all that cheap energy you britbongs have

>>51627869
anytime my brudda

>>51627242

Don't quite think we'll hit $0.1, but a mass sell off as soon as it gets below $1 is almost certain, thinking somewhere around the $0.75 mark would be plausible.

In the process of shifting my cash savings to a non-joke currency as we speak.

>>51627121
Even if it's "good for exports" (lmao what exports btw), why would you as a common citizen making your wage in GDP even care about something being "good for exports"?
Only thing that affects you is that your salary will be worth less.

>>51627242
You do realize that this is a soverign currency, not a shitcoin

This is all you britbongs fault for not giving enough money and weapons to (((ukraine)))

>>51626817
>GBP is continuing to dump when it's the middle of the night in bongistan
How bad is it gonna get when brits wake up later today?

>>51630164
Down over another 1% already during Asia hours

>>51626817
hope you bought gold

>>51627242

>>51629415
Wheres the difference?

>>51630284
Sovereign currencies tend to sperg out when they start doing badly and start wars.
Eg: USA

>>51630310
Wont happen for the uk
This shitcoin is going to ZERO

>>51627121
>inflation through roof
>already record trade deficit
>b-but it's good for exports!!!

>>51626817
>as low as I want it to

>>51630213
Down over 3% now

>>51626817
What’s of good value in the Uk to buy with my big dick US dollars?

I have £5000 in savings, what should i do?

>>51630877
cry

Its happening

>>51630890
Done that, but regarding my money if you please

>>51631086
Buy gold, silver, and USD

How's working for the same amount as a Mumbai scammer bongbros?

>>51626817
0.8 USD

>>51631101
>USD
>buy high
>sell low

>>51627121
Under normal circumstances yes, but because natural resources used to make those exports are increasing significantly or denominated in USD this is worst case scenario.

>>51627121
you should export your hot women to us

>>51627242
don't threaten me with a good time

>>51630877
buy dogbat of cours

>>51626817

Im a brit who lives in Japan. Im getting absolutely JUSTED right now

>>51626817
I'm gonna buy a house in the codswolds for 100k usd

>>51631454
haha. im a brit living in taiwan getting paid in USD. sucks to be you.

>>51626817
BABY I'M FREEEE. FREE FALLIN

why is this happening? im sorry but my brain is very smooth

>>51631636
Fed increasing rates leads to other currencies inflating.

>>51626960
Zoomers never experienced anything but a bull market. They think buy the dip works forever. They'll keep buying the dip all the way down until they're all wiped out. I love watching this.

All europe is losing value even against chinese yuan. How fucked we are.

>>51630919
shake

>>51626817
time

>>51627121
Are you itemizing and exporting financial services?

>>51627168
Nothing left to export?

>>51632239
Beeeeeeeaaaanzzzzzz

>>51628764
>non-joke currency
Rouble?

>>51631361
ahahhahaha

Reminder that No 10 announced it would cut taxes and increase spending just before this happened

>>51627121
You have to import energy

>>51627121
brb, loading up on wooster

>>51626817
Can’t they just use the dollar?
Literally what’s the big deal?

Everyone is literally freaking out for no reason. Go to sleep it’s Sunday night so stop worrying about all this you have work tomorrow.

>>51632581
would

>>51632695
>He's still a wage slave
You had 13 years

>>51630877
Convert to AUD and learn how to set up scaffolding

>>51627242
...yes
YES

>>51632897
bong cunts try to talk shit about the prison island but the sorry poofs come crawling back

>>51632581
10/10 in bongland

>>51630164
uk markets are gunna crash in a couple of hours. circuit breaker day.

>>51632749
Wood if you know what I mean anon

>>51630877
do a flip

>>51633139
off the london bridge

>>51626817
Premarket open?
US shorting GBP via EU?
To distract from tanking DOW (-25%) and S&p500?
Despite 15% inflation?

Sometimes when I see
"OOOH look how incredibly bad the xyz is against the USD / USA" on here, it is a clear indicator just how bad things are in US.

Right now there are 20 threads on /biz/ about a 200 pip premarket drop. Methinks US is fucked

Tried to sleep, i cant sleep.

I've had a medical procedure booked abroad, will all airlines collapse by December?

>>51633354
US is bad. Everything else is worse. And they're going to get worse faster than the dollar.

Ruble is actually strong, can you buy rubles? LOL

>>51628764
Bitcoin fixes this

>>51627242
https://youtu.be/Ff02mApjDbE

>>51630877
Ethereum

>>51634129
>DOGE fixes this
Here fixed it for you

>>51627242
Oh boy. How i miss 2017. Top Quality pastas. Deluded arkies, how are You holding up?

IS IT TOO LATE TO DUMP MY GBP SAVINGS IN TO USDC

>>51626817
An economic collapse of the UK will be the pretense for an upgraded five eyes and a revived anglosphere

Bong here, I just woke up and my usdt i had is now worth a fair bit more in gbp than it was last night. This is brilliant.

can someone explain to me how this dollar milkshake theory ends? as the USD becomes stronger countries will start to default: enemies of the US would go to war to avoid default, but what about US allies?

>>51634360
Forced to adopt to the USD if their debt is manageable or to accept pennies on the dollar of value for exports reducing living standards but increasing exports..

AHAHAHAHAHAHAHAHAHHAHAHA ANGLOKEKS BTFO'D

>>51626817
>live in EU
>paid in GBP for remote work
I am the only one ITT actually suffering.

>>51627546
Your currency should never have been that strong to begin with, European nations are largely irrelevant and you're just regressing back to the mean. Britain went through this retardation back in the 90s and its how Soros made all of his money, just fucking accept your country is increasingly less relevant on the global stage. Britain produces nothing but cringe, there is no heavy industry like Germany, just dipshit bankers trading contracts back and forth in London, something increasingly less valuable since the advent of the internet.

so who falls next Japan is a major contender obviously. who else?

I'm guessing middle eastern countries won't see much currency debasement

for the bongs out there wondering whether to ditch the pound:
https://www.youtube.com/watch?v=zkFxN__oQqw

AAAAAAAAAAAAAAAAAAA

thank fuck I sensed this coming and cashed all my tax cash into USD

>>51631558
Let me guess, online english teacher? KEK

>>51626907
you could always emigrate to EU- oh wait.

>>51633354
fx trades 24 hours 5 days a week, starts during asia hours around 20:00 EST

>>51633010
most of the FTSE is international so GBP down generally == FTSE up, so you're fucked on that.

>>51631636
DOLLAR MILKSHAKE BABY

>>51627546
what happened in the 80's?

ngl it's kinda convenient to have 1 EUR ~= 1 USD ~= 1 GBP, I wish it would stay that way

0.00

>>51639720
the real slurper

>>51630877
Start a Coinmetro account. It's the safest, most reliable gateway into crypto with GBP.

Don't put all your money into crypto. You can DYOR and look at listings on Coinmetro (THT, KDA, XCM are worth looking into). There's also a stable coin, USDC, which is backed and pegged to the dollar. Really the time to do this was three months ago though, but it's still a safe option.

Other than that, investing in USD-denominated assets (Equities, assets, etc) will reward you as GBP depreciates.

who the fuck holds gbp? seriously how stupid would you have to be to hold gbp over usd?
thank fuck i never have more than £2000 and keep it all in something or dollars

>>51630919
What is dollar milkshake theory anyway? I can’t be fucked googling it

>>51645767
the more dollars a milkshake costs, the worse your inflation is

Is it gunna bounce back? Do I go all in bitcoin now or later

>>51647735
You're already to late.
Watch as your retirement pot evaporates in front of your very eyes.

>>51627242
Price bounced back today. People have jumped the gun with declaring the end times. Calm down dears.

>>51635841
Kek. Savage. I don't think Yurococks are doing much better though.

>>51627840
>Getting mogged by Larry Summers
It really is over for bongs, innit?

>>51627840
Uk has the second lowest debt to GDP ratio in the G7. Lowest is Germany. What did you think all the austerity shite was about since 2008?

>>51626825
i'd rather drink some warm beer and plunge a sword into my stomach

>>51652493
congrats bro you watch shitty youtube news clips

>>51653014
Thing about Keynesianism when you spend your way out of a recession is you are supposed to put something away for a rainy day in the good times. Most retard countries spend in the good times and then try to spend again in the bad times. The UK did it properly.

>>51627356
is that zelinsky

>>51630877
Buy monero. Get a licence 1st.

>>51627121
The UK has the second biggest current account deficit in the world