Forum | Pound climbs to â‚¬1.20 by loftboy

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Pound climbs to â‚¬1.20 13:44 - Feb 21 with 13561 views

Good time to start getting your holiday money together, last year when I went to Rhodes it was almost parity.

[Post edited 21 Feb 2020 13:44]

	favourite cheese mature Cheddar. FFS there is no such thing as the EPL
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Pound climbs to â‚¬1.20 on 15:07 - Mar 17 with 1029 views

loftboy

Pound climbs to â‚¬1.20 on 15:05 - Mar 17 by JimmyR
Demand for dollars goes up when there is a big sell off of shares - its 'seen' as a safe haven currency - So less pounds and euros are demanded as large institutional investors demand more and more dollars or at least dollar denominated assets

But how does that affect the. £ V â‚¬.

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Pound climbs to â‚¬1.20 on 15:36 - Mar 17 with 984 views

JimmyR

Pound climbs to â‚¬1.20 on 15:07 - Mar 17 by loftboy
But how does that affect the. £ V â‚¬.

Less of both are demanded so the price as you say has bombed

A lot of assets that were in £'s and europs will have been sold and switched to dollars

Dollar assets are something like 60% of total world assets - so when you have this type of financial Armageddon — more dollars are demanded simply to complete the required transactions. So the price of other currencies fall relatively

When euros were 1.2 to the pound, dollars were 1.3 ish. Now they are more like 1.2. Less euros and pounds are demanded basically — at the same time, far more dollars demanded. If you want to buy/sell american equities/bonds you need to do it in dollars

Pound climbs to â‚¬1.20 on 16:22 - Mar 17 with 923 views

loftboy

Cheers, sort of get it!!

	favourite cheese mature Cheddar. FFS there is no such thing as the EPL
Poll:	Are you watching the World Cup

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