Investment & Investing

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Stonehedge in reply to @rogan

Does anyone understand £ -> $ conversion rates? I get paid a significant portion of my salary via USD stocks, and noticed that the current rate is <0.71 vs my last two conversions were 0.77 and 0.758.

Why? Is this the new normal? (market speculation I guess but still..)

@greentricky is right but there are some other major influences as well. The Chinese state bank is diversifying reserves, selling USD and buying pounds and Euros. There's also some sort of kerfuffle around predicted inflation rates that I don't quite understand.

https://www.poundsterlinglive.com/gbp-live-today/15061-the-untold-story-of-pound-sterling-s-steamrolling-2021-rally

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Alan_tbt in reply to @Stonehedge

There's also some sort of kerfuffle around predicted inflation rates that I don't quite understand.

Had a meeting with my pension advisor earlier in the week, he said I should adjust my outgoings forecast to include a 6% inflation rate. He didn’t elaborate, only to say it’s what he’d heard.

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frankenbike in reply to @Alan_tbt

6% inflation rate

Fuck.

Live footage of me and my flat deposit:

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