Pound at a New Low

Sterling at multi-month lows on public finance, rate view

 * Sterling hits multi-month lows vs euro, dlr, basket

* UK govt asset sales reminder of dire public finances

* UK interest rates set to remain low for long time

By Jamie McGeever

LONDON, Oct 12 (Reuters) - Sterling fell on Monday to its lowest in over five months against a basket of currencies, as British government plans to sell off 3 billion pounds of assets served as a reminder of how bleak the outlook is for UK public finances.

The plans are part of a broader programme to raise 16 billion pounds and were flagged long ago, but the details will come in a session devoid of major economic data or events, leaving traders to maintain their bearish view on the currency.

A report from the consultancy Centre for Economics and Business Research on Monday also said interest rates could stay at the record low of 0.5 percent until 2011, and that the pound could fall to $1.40 and possibly below parity with the euro.

With trading activity lighter than usual owing to a national holiday in Japan and some U.S. financial markets closed for the Columbus Day holiday, the euro rose to its highest since late March well above 93 pence EURGBP=D4 and cable fell to a near five-month trough of $1.5728 GBP=D4.

"We are seeing generalised sterling weakness ... once again but one additional pressure this morning may be the government's expected announcement of 16 billion pounds in asset sales," said Daragh Maher, head of FX strategy at Calyon in London.

 "Although this will help support spending and help cut debt, it serves as a reminder to the market as to just how strained public finances are, and the burden this places on future growth," he said.

For more on the government's plans to raise 3 billion pounds, which Prime Minister Gordon Brown will detail later on Monday, see [ID:LB146654].

In early London trade sterling's trade-weighted value against a basket of currencies was fixed at 77.6 =GBP, its lowest since late April.

The pound GBP=D4 traded as low as $1.5728 against the dollar, its lowest since May 21 and down 0.6 percent on the day, while the euro rose more than a third of a percent on the day to EURGBP=D4 93.36 pence, a high not seen since March 27.

The broadly weaker pound was also mired at multi-year lows against the Norwegian crown and the Australian and Canadian dollars.

But the scale of the problems facing the public finances is huge. Britain's budget deficit is swelling to a record 220 billion pounds or 12 percent of gross domestic product -- bigger than most of its peers' -- and how to cut it is a key political theme in the run-up to a national election due by June next year.

UK opposition leader David Cameron said last week that printing money -- a reference to the Bank of England's quantitative easing programme -- risked fuelling inflation if it continued much longer.

The Conservatives are tipped to win an election due by next June as they hold a durable lead over Prime Minister Gordon Brown's Labour Party in the polls.

One solace for sterling bulls in the short term may be market positioning. Speculators' bets are heavily skewed against the currency, according to the latest International Monetary Market data from the Chicago futures exchange.

Andy Bolton
Currency Exchanges in the UK | Online Currency Converter

Courtesy: uk.reuters.com/article/idUKLC26782120091012?pageNumber=2&virtualBrandChannel=11564Technorati Tags: currency exchange uk, online currency exchange

Self Hypnosis

Self Hypnosis

 

 

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Hypnosis

Self Hypnosis

How to Hypnotize

Learn Hypnotism

hypnosis for quitting smoking

hypnosis for weight loss

hypnosis techniques

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Self Hypnosis - (to read the full story first follow this link)

 

Self Hypnosis

In this modern world people have mistaken the concept of hypnosis. Strangely the television hasn't helped this belief. Many think that hypnosis is meant for humour on the cabaret stage and has little transition into our daily life.

I was explaining to my young teenage children that I remember seeing live pictures of men walking on the moon back in the 1960's. Amazingly I couldn't explain fully why further visits haven't been made. But what did come to mind, and I'm sure I've said it before myself... Why visit a distant planet when we can't cure the common cold; or have answers to why our devilish ego makes us do foolish things.

Using the various techniques involved in this type of hypnosis, you can get people to do what you want them to do. These techniques can be easily learnt, if you are willing to put in some effort and invest some time towards it.

Bizarre as it may seem we dip in and out of hypnotic states each day. Understanding this and exploring its potential allows us to put flying to the moon on hold for a few decades.

Hypnosis has gained in popularity over time. More and more people have become interested in the whole concept behind this subject and how it works.

This literally blew my mind, though now it seems obvious. A hypnotist isn't sending out magical brain-waves to put other people into trance. They only help us find that state within ourselves. We are the ones that are creating the bodily sensations and thoughts. That's why the more you trance you experience the better you get at it.

Hypnosis is effective to make a person capable of controlling his mind and overcome several problems related to the mind. Hypnosis will help to interact with the unconscious mind of a person.

Most people think of hypnosis as a way of controlling someone and getting them to do things they usually would not do. Dictionary describes hypnosis as a sleep-like state or to be in a state that resembles sleep. But most hypnotist disagree with the statement that hypnosis has anything with the sleep rather they believe that it is heightened state of acute awareness.

Hypnosis then, using a hypnotists definition, is an altered state of consciousness... and in one way or another we have all experienced a light version of it - daydreaming being a good example.

Some of the hypnotists also believe it can direct their subject's focus mind and communicating with the subject's subconscious mind. The goal it to distract the conscious mind and avoid the resistance often given by the conscious mind.

Perhaps the greatest of all hypnosis secrets is the fact that it really is not that hard to learn. So many people are intrigued behind the subject and wish they knew how to hypnotize someone.

Hypnotizing others is much easier than most people think. Confidence is the critical factor for your hypnosis success. If you don't have confidence, then you will probably fail. But if you start your hypnosis practice with confidence then you will have positive attitude and succeed in this way.

This literally blew my mind, though now it seems obvious. A hypnotist isn't sending out magical brain-waves to put other people into trance. They only help us find that state within ourselves. We are the ones that are creating the bodily sensations and thoughts. That's why the more you trance you experience the better you get at it.

The most powerful way to hypnotize someone is through what is called covert hypnosis, which is also known as conversational hypnosis or Ericksonian hypnosis. With this method you can literally walk up to a complete stranger, hold a conversation with them and induce them into a trance.

Through hypnosis, you technically can influence the behaviour of others and lead them in a particular direction. You can do this in a way that they would normally resist. In general, it is a tool that increases suggestibility.

People may have heard of the 'sugar pill' illusion. This is where they are given a medication to solve a temporary illness; and claim to feel the medication taking effect. When in reality it was only a sugar pill, with no medicinal composition at all. Meaning of course... it is all in the mind.

Hypnosis can help you alter your subconscious to achieve and overcome your weight loss goals and obstacles. There are specific hypnosis techniques that were developed to help you stop smoking. You can learn to get the best performance from your body by using your mind.

Such exploration of the power of the mind is both intriguing and fascinating. The best way to explore this subject further is to visit our Hypnotic Underworld and develop these skills yourself.
 

Self Hypnosis

Andy Bolton
from the Underworld of Hypnosis