UK £ now regarded as 'emerging market' currency

In the eyes of international finance, Sterling is now the currency of an emerging market, such as a developing world economy.
https://www.ft.com/content/4fd04fd9-7209-4b7c-97a1-97466f226159

Our descent into oblivion is progressing nicely.

Oh yea one of the biggest world economies currency is not a top player....

Do you even engage your brain before posting drivel? 🤡

I think coronavirus may have impacted the Sterling the same way it impacted other major currency. There is also negative sentiment being pushed by the anti-Brexiteers that influence market confidence.

I think coronavirus may have impacted the Sterling the same way it impacted other major currency. There is also negative sentiment being pushed by the anti-Brexiteers that influence market confidence.

Surely then there would be little movement in the exchange rate amongst them if all impacted, currency movement are comparative.

Market confidence in the UK will more be hit if virtually no trade deal by 31 December (strictly needs agreed I think by 31st October), which is looking more and more likely by the day . Of course HMG decided not to trigger our right to a transition extension, deadline for that was 30th June.

Anyone fancy predicting UK unemployment numbers by say December 2021 as a result of the Covid/Brexit stew currently being cooked, on the assumption no rabbit out of the hat and no substantive trade deal with the EU, and our exit from all trade deals we currently enjoy via our EU membership with ROW that will likely, in such an event, also lapse, I will start the bidding at say 3.5-4million; higher, lower?

Above based on claimant count, we are right now on 2.1m but that includes the April 865k surge due to how benefits are being paid due to Covid, so pre Covid say 1.2 million, December 2021 predictions?

You can't just blame those evil remainers for all your woes on this... Brexiteers desire for the hardest of hard brexits is doing it.

The decrease in the value of the pound since the Brexit referendum should concern us. Though we are not an 'emerging' economy, and when people try to compare us to developing countries in some shape or form I often object to the comparison. Comments such as Third World train services, for example.

Surely then there would be little movement in the exchange rate amongst them if all impacted, currency movement are comparative.

Market confidence in the UK will more be hit if virtually no trade deal by 31 December (strictly needs agreed I think by 31st October), which is looking more and more likely by the day . Of course HMG decided not to trigger our right to a transition extension, deadline for that was 30th June.

Anyone fancy predicting UK unemployment numbers by say December 2021 as a result of the Covid/Brexit stew currently being cooked, on the assumption no rabbit out of the hat and no substantive trade deal with the EU, and our exit from all trade deals we currently enjoy via our EU membership with ROW that will likely, in such an event, also lapse, I will start the bidding at say 3.5-4million; higher, lower?

Above based on claimant count, we are right now on 2.1m but that includes the April 865k surge due to how benefits are being paid due to Covid, so pre Covid say 1.2 million, December 2021 predictions?

That is not what the FT articles states.

Were you too lazy to read it or was it beyond your comprehension?

We can. If those remainers had worked with Brexiteers to help steer the economy, maybe we would have had better landing.

So your policy is blame everyone else but the ones who actually caused it? Not childish at all.

That is how we got Brexit in the first place.

Yes, things are looking pretty grim.

It's interesting that David Frost has been taken off to National Security - perhaps he has been another to inform the government that there is no hope of a good outcome and the Brexidroids who surround Cummings can't or won't hear this.

I suspect by Dec 21 we will have 4-5m unemployed, the £ will be a basket case and there will be widespread civil disorder and a government in hiding, based on their current plan of No Deal.

Yes, things are looking pretty grim.

It's interesting that David Frost has been taken off to National Security - perhaps he has been another to inform the government that there is no hope of a good outcome and the Brexidroids who surround Cummings can't or won't hear this.

I suspect by Dec 21 we will have 4-5m unemployed, the £ will be a basket case and there will be widespread civil disorder and a government in hiding, based on their current plan of No Deal.

Yes, things are looking pretty grim.

It's interesting that David Frost has been taken off to National Security - perhaps he has been another to inform the government that there is no hope of a good outcome and the Brexidroids who surround Cummings can't or won't hear this.

I suspect by Dec 21 we will have 4-5m unemployed, the £ will be a basket case and there will be widespread civil disorder and a government in hiding, based on their current plan of No Deal.

So your policy is blame everyone else but the ones who actually caused it? Not childish at all.