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Pound/Euro 2019

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Jimbo:
That's right. Bookies are apparently calculating an 80% chance of a Tory majority. The financial markets reckon that, although Brexit will result in lower growth, the uncertainties of a hung parliament might be worse. No comment!

geordieborn:
I think the currency markets have to be looked at separately to the rest of finance as they are a law unto themselves and often differ in outlook. I suspect this market will go up whoever wins! For some reason without doubt more so with a blues win. However I don’t think any increase will last long before they sink back to their normal uncertainty and likely downward trend.  All making it very difficult for us.

Now the bookies always seem to get it right!!

Jimbo:
Your probably correct. Boris's "deal" isn't a deal - it's just what the status quo will be until a trade deal is negotiated, and all the other things that need agreeing, such as flight rules, health and so on. All that's another uncertainty.

geordieborn:
15 mins after the exit poll - pound 1.20+

Tredegar Boy:
Great news isn't it. Hopefully it will stablise in the mid 1.20s over the next couple of months before creeping up before the summer. It was around 1.25 in 2016 when the referendum was held.

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