Sterling has recovered. I assume the Remainscream media will be reporting this as widely as they did its fall, right?.
Sterling almost back to where it was before Truss & Kwarteng’s fiasco of a mini-budget What was that about Labour “spooking” the markets? A 33 point polling lead seems to have cheered the market up no end!.
We keep having to rewrite the top of the splash because financial markets do not want to touch sterling.
The sheer recklessness of the chancellors statement is awe inspiring and playing fire with the competency of the treasury. This is economic illiteracy that will do nothing to stem the fall in sterling nor to assist the desire to restrain inflation. 1/2.
A drop in Sterling this large is very significant because it makes our imports *more expensive*. That means that it pushes basic cost-of-living higher, exacerbating the cost-of-living crisis. AND it’s inflationary. Kwarteng’s misjudgment has made for a much harsher winter..
Worth remembering why this matters. Sterling tanks, we get poorer in relative terms. It results in inflation because all the foreign goods we buy become more expensive, which could quickly eliminate any gains people on ordinary incomes get from tax cuts if the slide is permanent..
Markets have been open in Asia for some hours. Sterling has continued its slide against the dollar. Now at $ and not far from parity. Down against Euro too..
The pound is down against the dollar again this morning. Now below $ Bloomberg’s trade and fx-weighted index of sterling’s strength is down to the lowest level EVER👇 Quite the backdrop for today’s fiscal statement….
🚨 OK Sterling in free fall now… to incredible new 37 year lows vs dollar Down to $ Down to €.
Sterling slid as much as against the dollar to $ on Monday, hitting a record low after UK chancellor Kwasi Kwarteng vowed to pursue more tax cuts.
Sterling parity is now up to a 1 in 7 chance of happening by the end of the year, from over 1 in a 100 only a few months ago - BBG.
Sterling was out of place in that 4-2-2-2 formation. To get the best out of him, we need him as an inside-forward. I have so much hope in him..
SC under CJI Lalit has done some Sterling work which needs to continue after his tenure. After new roster system shows the way to reduce pendency, the SC now refusing adjournments to even senior Great move, again.
Because of the collapse of sterling, instead of helping people with the cost of living crisis, Kwarteng has just just made the problem worse. EVERYTHING is going to be more expensive. The Tory thickorati have played a blinder; Brexit and a sterling crisis, all home grown. Nuts!.
Bet n°304 #LDN ⚽🇪🇺 🚨 Italie vs Angleterre 🚨 Bulgarie vs Gibraltar Kane/Sterling/Saka/Foden + Despodov/Kirilov Cote ➡️ 2,03 Mise ➡️ 0,50% #TeamParieur.
Pickford, any current RB, Sterling, Saka/Foden, Rice & Kane all get in that team.
Problem with the brexitey types is they do not realise how damaging the collapse of sterling is. It means more inflation. It means the nhs burdened with far higher medicine and equipment costs. Economic disaster and mismanagement on an epic scale..
@jxckky Maybe cus I watch him week in week out but I can’t believe people don’t see how much he does for a team. I’m surprised sterling wasn’t top 3 tbf.
Jorginho and Sterling 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂💙💙💙💙💙💙💙💙💙💙💙💙💙💙💙💙💙.
@danielmgmoylan Ha ha. Irrational shorting of the Pound. Just as happened after the Referendum in 2016. It will recover. Sadly Sterling & most of the other currencies in Western Europe have lost 15-20% of their value v the US Dollar over the last year due to the energy crisis..
The strengthening of sterling against the dolllar on the occasion of Kwasi Kwartengs announcing his UK growth plan. (provide your own magnifying glass).
We can at least console ourselves that yesterday’s collapse of stock market and sterling cost Kwarteng’s backroom sponsors about a £half trillion..
Tonight’s movie was Johnny Guitar, a 1954 western with Joan Crawford, Sterling Hayden, and Mercedes McCambridge. I’m not much of a westerns fan but this was a great movie. And it had a great score and a song by Peggy Lee!.
Fucking Plunge in sterling leaves drivers paying £6 more for tank of petrol, says AA.
Plunge in sterling leaves drivers paying £6 more for tank of petrol, says AA.
Watching the England match just in case Sterling trips up so I can make a Sterling falls joke.
@Nadavisback Alchemist Preservation Real Bad Man DJ Muggs Animoss Danger Mouse Daringer Sterling Toles Exile Apollo Brown.
Giants WR snap count after 3 drives Sterling Shepard 25 Richie James 24 David Sills 17 Kenny Golladay 10 Darius Slayton 2 Out of 28 plays.
Sterling Shepard already has more points that DJM. Yep def starting Shep > DJM next week….
@FF_RTDB That would require Richie James, Sterling Shepard, Daniel Bellinger or David Sills to get open within 2 seconds..