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Why is UK currency crashing? [Copy link] 中文

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Post time 2016-10-8 18:46:52 |Display all floors
Some say a FAT finger is the reason;
others say a computer program reading negative Brexit stories is the culprit by deciding to sell the pound.
What are forumites thinking about it.

Could there be another reason?

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Post time 2016-10-8 23:13:06 |Display all floors
Terrible issues for businesses that import from China.

I Increased prices and before they are implemented we need to look at increasing them again

WTF will it end

I hope the BOE increase interest rates at the next meeting that should stabilise £ somewhat

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Post time 2016-10-9 16:26:20 |Display all floors
Again, others believed the crash was sparked by reported comments from French President Francois Hollande calling for tough Brexit negotiations with the U.K.

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Post time 2016-10-10 04:57:12 |Display all floors
It's an adjustment period

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Post time 2016-10-10 08:42:28 |Display all floors
dusty1 Post time: 2016-10-10 04:57
It's an adjustment period

Yes, I'd say so as well.

The pound had already sunk to a fresh 31-year low of around $1.26 on Thursday over concerns that the U.K.'s split from the European Union will hurt the country's economy.
Strategists had widely forecast it would go lower, but not as rapidly as it did on Friday when the British currency was yanked down to near $1.18.

Buying an i-phone in the UK, well folks think twice about it.

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Post time 2016-10-12 15:37:26 |Display all floors
In my opinion, the yuan's inclusion in the basket would also prompt overseas capital to flow into China on a large scale and cause the domestic capital markets to open up.
Strangely, Western media seem afraid to even mention it.



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Post time 2016-10-12 15:57:24 |Display all floors
emanreus Post time: 2016-10-12 15:37
In my opinion, the yuan's inclusion in the basket would also prompt overseas capital to flow into Ch ...

Strangly the Chinese media don't mention the shadow banking system why is that in your opnion?

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