Two words should have been headline news in the UK & America since 2019, BRICS and PHYSICAL GOLD.
(I’ve been 98% cash / 2% silver & gold since July 2021).
This is the best explanation I could find. I would not post if it was not at least excellent.
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Seems that Virgin Money (all) and Skipton Building Society (new range) have also withdrawn mortgage products:
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I’m not sure on the details as it’s only anecdotal but I already noticed this over the last couple of months. Where I was given options of about 6 mortgage products (per bank) I’m now seeing just two. Thankfully I already locked one in months ago
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Is the pound falling or is it all just a side effect of a strong dollar?
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can we blame the Americans
are we seeing a repeat of 1985, then the Fed decided a strong $ was everything and made it so
I noticed that on @NeilB post the other day. People/news strangely quiet about other currencies performance as if only the pound is affected. I havent looked into it too much but does seem a bit odd.
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Please read the FT article. The story is far bigger than a strong dollar. For those of us that have studied this sort of thing, I’d say the article is a gentle introduction to the decline of sterling story that has been played out for many years and has now been exacerbated by the recent ‘fiscal event’.
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I aint paying for no FT article 
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Use this. Paste article into first tab. Wait a little or refresh.
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Legend!!! Very handy tool!!!
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The pound is falling, in reaction to the latest mini budget. Expectation is inflation will hit harder because of it, devaluing the pound.
Problem on here? No search facility showing (hence posting this tech/admin issue here) and no profile or log in/out option showing?
3 of my stop losses triggered so far today - all housebuilders.
Interest rates are going up. Again. By how much???
“My guess is that [the] pound will find its way below parity with both the dollar and euro.”
He took aim at both the Government and the Bank of England for their handling of the issue, saying: “The first step in regaining credibility is not saying incredible things.”
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Exactly what Odey wanted his former prodigy Kwarteng to do.
It’s in plain sight now.
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The same article quotes the German Finance minister Mr Lindner saying
"In the UK, a major experiment is starting as the state simultaneously puts its foot on the gas while the central bank steps on the brakes.
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BTW, I reckon this is a good opportunity for companies who trade in dollars to buy back GBP denominated shares.
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Bond market pricing 2% move by nov
UK Oil majors should be look at this with a serious eye, they’ve got more cash than they know what to do with.
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