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Next Season is going to be lot more Expensive!

 Poster: A snowHead
Poster: A snowHead
No Deal Friday.

Sterling as dead as the Veneziela Bolivaar
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
Remind us all again what your financial trading experience and industry qualifications are again? I seem to remember it was 1/2 of FA and so far all your predictions have done the exact opposite.

Now, are you going to take Frank's bet and put your money where your mouth is?
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 Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
stanton wrote:
its a dead hard currency


Nice to see that you're now praising Sterling as a really strong currency! Toofy Grin
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Amazing that still with the turmoil , uncertainty and total uselessness of the current situation that £ is still holding these levels vs € and the $ very much underlines my view that the pound is sought after at these and lower levels and if we had a worse case crash out the fall would be limited .
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stanton wrote:
Sterling as dead as the Veneziela Bolivaar
If I was Raheem, I would walk off the pitch. Rascist.
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Rob Mackley wrote:
Amazing that still with the turmoil , uncertainty and total uselessness of the current situation that £ is still holding these levels vs € and the $ very much underlines my view that the pound is sought after at these and lower levels and if we had a worse case crash out the fall would be limited .


The Markets believe there will be a Deal eventually or The Process is dropped altogether.
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 Then you can post your own questions or snow reports...
Then you can post your own questions or snow reports...
The thing that you have to remember is that FX rates reflect RELATIVE value (or to be more exact the current expression of expected relative value).
Each FX rate is the expression of that for Currency A versus Currency B.

Note the word Relative.

So while there may well be things to concern the markets over Brexit (to pick a random example!) there are significant fears over the future prospects for the overall Euro Bloc economy (for example Italy is bankrupt, German industrial output is falling dramatically).

So £ has things to be worried about.
The € has things to be worried about.

The FX rates reflects the RELATIVE value of those concerns (and lots of other positives and other concerns).

It is not as simple as Brexit=Bad, No-Deal=Worse and therefore £=doomed.

P.S. I am sure that many/most snowHeads understand all this, but clearly you-know-who does not.
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 After all it is free Go on u know u want to!
After all it is free Go on u know u want to!
I tried chaps.
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You'll get to see more forums and be part of the best ski club on the net.
Dollar will eventually collapse...sooner than most folks think

Euro will become the Worlds Leading Currency..
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Nurse!
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snowHeads are a friendly bunch.
They need to increase the dose, he's becoming tolerant to the drugs.
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 And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
king key wrote:
They need to increase the dose, he's becoming tolerant to the drugs.


He's Dutch, it's in his DNA Cool
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So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much
Never Buy US Dollars that is so last century..

Tip.
I live on the Gold Coast (CH)
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 You know it makes sense.
You know it makes sense.
A quick read of the easyjet thread shows that some people have already made savings for next year
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 Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
Nicely brought back on thread
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 Poster: A snowHead
Poster: A snowHead
Bigtipper wrote:
Bigtipper wrote:
Bigtipper wrote:
martinm wrote:
Bigtipper wrote:
Brent crude oil price in $'s over last year



Still very low though.


Getting higher though!


Higher still!


Still climbing to new peaks!


After a crash, the oil price is getting close to reaching near term highs.
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
Smart Budget Airlines bought their gas 1-2yrs ago when it was at an all time low..$50

That is why flights are relatively cheap now..

It will not last ........
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 Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
All time low? Er...apart from when it traded below $10 a barrel. And when OPEC had a price control policy between $22 and $28 a barrel whereby continuous trading near one level or the other for a month resulted in a million barrel release/supply cut respectively. And then again a year or so after it traded at $147, it crashed to $30-$35. Apart from then, you're spot on.
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@Frank Spencer, how unkind of you to disprove stanton's garbage by posting facts! The village idiot is really excelling himself at the moment, still it gives us all a good laugh. Laughing Laughing
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This is like the Never-Ending-Stanton-Rant-Thread!

Funnily enough ever since Stanton started this thread my ski-holiday total spend is about 10% DOWN for like for like ski holidays. That's using both DIY and TO's going to similar/same resorts at similar dates. This year my end of season trip to Lech/St Anton (BA flights, car hire, 4* hotels, late season lift passes) comes in almost £200 cheaper than last year on virtually the same dates. Always good to get to Strolz's sale and the Weisse Rausch in the same week.

Despite the Brexit effect Sterling today still trades at 1.16 Euro despite Stanton's claim of 1.03 Euro in his original post. FWIW... that's 10% HIGHER!!

Toofy Grin
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@Alastair Pink, Very Happy Very Happy Very Happy
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Then you can post your own questions or snow reports...
Hey @stanton, when do you predict the dollar is going to crash?

As crude oil is traded in dollars, would mean a reduction in fuel prices. That would help other world economies not using the US Dollar.

Cheaper fuel = cheaper flights. Very Happy Very Happy
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 After all it is free Go on u know u want to!
After all it is free Go on u know u want to!
https://markets.ft.com/data/bonds

I am looking at the Eurozone yield curve. If instead of buying Eurozone government debt, you bought and held Euros in cash for the next 10 years you would achieve the same return. You will beat Eurozone debt at less than 10 years.

Latest GRY on Eurozone 10 year debt, 0.02%!

Cash could be a good investment in the event of deflation, like it was in the Great Depression. (1929-1940)

Next season is likely to be cheaper in Euros according to the yield curve, and so hold Euros in cash!

QED! snowHead
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skimastaaah wrote:


Despite the Brexit effect Sterling today still trades at 1.16 Euro despite Stanton's claim of 1.03 Euro in his original post. FWIW... that's 10% HIGHER!!

Toofy Grin


Still in the second post our usual friends in the north were forecasting even worse. No wonder Scottish banks crashed bringing the world economy down with them.
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@davidof, Same as Greece then?
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As long as the markets believe a soft or in reality no brexit and now your Labour party backing another referendum Sterling will remain floating here..

Any Hard Brexit detach from CU & SM there will be a 30% (min)in its value against other curencys
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 And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
'Any Hard Brexit detach from CU & SM there will be a 30% (min)in its value against other curencys' (currencies).

Over what period of time?
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 So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much
So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much
@stanton, please, please never stop posting. Whilst what you post is usually a load of bollox and whilst I usually don't feed trolls in your case the entertainment value outweighs your stupidity.
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 You know it makes sense.
You know it makes sense.
@stanton, Just how do you think the Greek government's claim for WW2 reparations against Germany is going to hit the Euro?

https://www.theguardian.com/world/2019/apr/21/greece-to-ask-germany-for-billions-in-war-reparations

(For sensible Snowheads …… I just threw that little gem in to the mix to get a response from Stanton)

BTW my ski holidays this year have been less expensive like for like than 3 years ago. I did go to the Taxi rank in St Anton to find Stanton and buy him a drink, however, my hotel's mini-bus would whisk me away PDQ.
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 Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
esaw1 wrote:
@stanton, please, please never stop posting. Whilst what you post is usually a load of bollox and whilst I usually don't feed trolls in your case the entertainment value outweighs your stupidity.


The village idiot does provide plenty of amusement value at his expense. If he ever tires of driving a taxi I suppose a career as a circus clown beckons..... Toofy Grin
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 Poster: A snowHead
Poster: A snowHead
Still waiting for a time limit so i can bet against him
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
@Frank Spencer, @Alastair Pink,

Your all Fools living in a box
.

If you are drawing a salary from you 9 to 5 or did not make your gold ..b4 your 27th birthday
It is irelevent..

Trading Sterling is Great
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 Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
stanton wrote:


Your all Fools living in a box


Bwahahahahahahahaaaaaaaaaaaa Toofy Grin
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Does that mean you aren't prepared to back up your predictions?
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 Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
@stanton,

Quote:

Your all Fools living in a box

You're not your - only a fool would get that wrong

Quote:

If you are drawing a salary from you 9 to 5 or did not make your gold ..b4 your 27th birthday

Not all of us have a stash of Nazi gold in Switzerland.

Quote:

Trading Sterling is Great

Assume you get £1 coins mixed up with Euros in your tips at times

@Frank Spencer, he won't stand by anything - he frequently contradicts himself so he won't know what he's betting on!

Still it's amusing to watch
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Well, really, the issue for a typical UK resident isn't individual tourist rates anyway, it the trade-weighted Pound. This is the £ weighted pro-rata against the basket of currencies of our major trading partners. Every day, the Bank of England calculates the TW£ and you can look it up on their website. If you're concerned about the cost of imports versus value of exports it's one of the key figures you want to use, and what makes all the '£ soars against US$' or '€ plummets against £' irrelevant (and why does the GBP always 'soar' or 'plummet'?). 24 hours after the Leave vote the TW£ dropped 22% and it's still floating down around -11%. Do the math and this made the cost of imports in 2017 an extra £82billion (compared to the TW£ value the day before the Referendum). And before anyone says - that includes the increase in export revenues from a cheaper £ (which turned out to be fairly lame, because, as predicted, once manufacturers had used up their stock of imported raw materials, they had to buy new imported stock at the higher price. £82bn equates to about £3800 per household (2017), although only £900 or so of that was direct to the consumer, the other £2900 was borne by industry (where the extra cost isn't necessarily passed on to UK consumers). So when people say "I haven't noticed things costing more" what they probably should say is that "£75 a month more is just noise, given my earnings and spend rate." More concerning in many ways is that £2900 per household that's being absorbed by UK industry. Underlining the truth of the adage that you can't devalue your way out of low productivity (which characterises UK industry and business).
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Then you can post your own questions or snow reports...
stanton wrote:
@esaw1, please, please never stop posting. Whilst what you post is always irrelevant and whilst I never agree with what you say in your case your amusing head in the sand contributions outweighs your very low life style
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 After all it is free Go on u know u want to!
After all it is free Go on u know u want to!
The dominant bear trend is in full swing now ..




How’s Brexit going, you ask?

Well, the pound is on its longest losing streak against the euro in history. Yesterday marked the 13th consecutive trading day with a decline against the common European currency, with the pound losing 3.5% over that period.


https://qz.com/1626291/the-british-pound-is-on-a-record-losing-streak-against-the-euro/
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@stanton, Parity? Go on, give us all a laugh again
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esaw1 wrote:
@stanton, Parity? Go on, give us all a laugh again
Will be less than Parity
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