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Well done for 'working in investment banking for over a decade' and not understanding leverage. Away and have read about it.

Traders do all kinds of things, the ones who aggressively leverage without a trailing stop loss generally down hang around for long. Problem with hedging is you have to make a decision to close one of your positions at some point then hope you've chosen the right one to keep open.

Lol. You are confusing fx trading with going to the travel agent in Asda and swapping £s for whatever to go on your holidays.

That would be about they rate they are targeting to get their 'investment program' & 'growth strategy' working. Many more £s need to be sold to get to that rate - probably.

Yes, it's genuinely hilarious that you think you open an account with a broker and sell the pounds you use to fund your operations, lol. I've sold plenty of currency I never owned, mostly GBP/Yen. Go and learn about leverage.

Lol, you think you will be selling the pounds you put into the account?? That's hilarious.

You don't have to own £'s before you can sell them. Anyone can sell the £, it's not difficult. . Sign up with a fx broker. . download their trading platform (or use their online platform if they have one) . stick a bit of money in your trading account . sign all the T's& C's (particularly the...

It can affect import prices for products priced in dollars (particularly oil etc.) and, directly, inflation. It's not a direct relationship. For example, here's a sequence of fx shifts in USD/EU rate between Jan 2006 and June 2011 (there are multiple other examples which you can check for...

From Jim Pickard, political correspondent of the FT, regarding a dinner supposedly attended by Truss and Kwarteng. Make of it what you will:

What effect is it having on you personally? How is your life being materially affected?

They will probably be turning up at Dover soon, working on P&O Ferries.

Absolutely. All we need is a government that will harness the resources the UK has and direct their use for the benefit of it's citizens. What else is government for?

Sure, market makers are selling the £. They will stop when there aren't any more buyers at the prices they want - for every seller there has to be a buyer. Currencies are bought and sold with prices rising and falling all day every day. Generally we don't notice any effect. Fx markets...

For a start ... . Energy security . Food security . Buffer stocks of resources of national importance which we can't produce ourselves etc

Nah. Inflation is nothing more than suppliers asking for more money and getting it. However, I agree that govt can contribute to inflation as it's the monopoly supplier of £s and, as such, the price setter.

Oh,right, you don't understand any of it. Fair enough.

If a country is going to let it's currency float against others the yes, they have to let the fx market decide the price. However, there is plenty a competent government could do to insulate the nation from the inflationary effects (if there are any) of events like the recent fluctuation.

By all means point out what you think is incorrect about any of my posts.

It is government money. It's yours for as long as you save it. Once you start spending it, govt begins to take it back.

It's simple enough ... what, in your opinion, is the correct rate of exchange between $ and £? Yeah, its always 'tumbling', 'free falling', 'soaring' etc. isn't it. Do I think it's a good thing? Well, it's good for some, not so good for others.