Sterling collapses as investors fly into dollars

Re:Sterling collapses as investors fly into dollars by timonoko on Monday September 26, 2022 @03:48AM (#32980535)

Pound/Euro is wobbling within regular limits. So this is Euro crisis, long overdue, because Eurocrats do not follow their own rules and use euromoney to save PIGS-countries.

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Re:Sterling collapses as investors fly into dollars by rieTohgh6 on Monday September 26, 2022 @04:14AM (#32980661)

Not really. It is energy crisis and countries that import fossil fuels are affected. I mean it might trigger the eurozone debt crisis but we are not seeing it yet.

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Re:Sterling collapses as investors fly into dollars by cool_dude85 on Monday September 26, 2022 @06:50AM (#32981483)

This is happening because, 14 years ago, France and Germany intervened to bail out French and German banks by loading Greece with a generation of debt? That's one theory I guess.

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Re:Sterling collapses as investors fly into dollars by NoboruWataya on Monday September 26, 2022 @07:20AM (#32981677)

How does this follow? If it was a Euro crisis, then the euro would be down against sterling which would be stable against the dollar. That's not what we're seeing.

It seems more like this is a global crisis against which the US is better sheltered than most, possibly due to its geographical position, fuel reserves, strong military and more hawkish monetary policy.

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