PalenQ

Pound now under $1.80

BBC Radio just said that european economies largely will be flat this year and Britain's will actually recede - said it would be the worst in Europe

afterall - i no not profess to be an expert in all things British but i do listen to BBC and read the Guardian, etc.

Cholmondley_Warner

Next thing he's berating the fall in pensions. He obviously doesn't appreciate that the old age pension was brought in by a Labour Govt>>>>

Lloyd George was a trot? Methinks not (Old age Pensions Act 1908 - one of the things I can remember from skool).

PalenQ

afterall is talking about me - but i never said one word about pensions nor could i since i know nothing about them

now afterall would then say that does not stop you from spouting off about other things you know nothing about

may be so

but in this case afterall is just plain wrong - show me where i said anything about pensions? Or it were the Labour Party's fault for the coming recession - indeed i believe Cholmondley did say exactly that.

logos999

>Euro, Sterling is down roughly 9%, with a roughly 3% drop since August 1.
Simply wrong, so good there a charts available on the internet

http://waehrungen.onvista.de/snapshot.html

travelgourmet

<i>Simply wrong, so good there a charts available on the internet</i>

Thanks for posting a USD/EUR chart in reference to a discussion about the British Pound. What, exactly, do you bring to the table?

Come back when you have something to offer to the conversation. Until then, keep your mouth shut and listen while the adults talk. You might learn something.

logos999

All this trash from you, that's really fascinating. Not even slightly touching the facts.

a) The current changes have absolutely nothing to do with the economy. Those people are called speculators or investors (also see yen, nzd, aud) b) your figures are not correct (see chart) c) please explain the changes in M3 and M2 and the delta in the recent years and their impact on exchange rate and inflation (in respect to economic growth).

logos999

And do try to find the button that says &quot;GBP&quot; on that page. No, it's not that difficult.

Just some knowledge of the reasons for the dollar fluctuations helps.

travelgourmet

<i>All this trash from you, that's really fascinating. Not even slightly touching the facts.</i>

Pretty please! Toss out another completely off-topic chart. Perhaps you could show the Swiss Franc versus the Singapore Dollar? That would really enlighten us as to the health of the British economy!

<i>b) your figures are not correct (see chart)</i>

What chart? The USD vs EUR? Where, in this thread, did I make any sort of claim about the USD vs EUR fx rate? My numbers are correct. Unless you have some magical chart showing that the value of the GBP has not dropped against the USD and EUR as I stated, then I suggest you stop making a fool of yourself.

Just keep your mouth shut and leave the discussion about the British economy to adults. When you have something on-topic to offer, I will be happy to hear it. Until then, I will have to stick with my assessment that you know little to nothing about the topic at hand.

logos999

Fascinating!

&gt;GBP has not dropped against the {...} EUR as I stated,

The chart shows exactly this and confirms my statement above. You can get many different currecies on that page (drop down menu). Try it!

You really don't seen to have a clue about what you're talking?
You cannot correlate a (the) supposed economic slowdown in the UK to chages in exchange rates right now. It's just not true.

PalenQ

Not sure about vis a vis Euro

but pound today is $1.78 versus greenback and sinking daily

bardo1

Yes but $1.78/pound is still very strong and too much for many potential vistors.

When the price of a beer, coffee or hotel gets down to about 1.5 times what it cost in the US (in USD), I think you'll see a new group of US travellers coming back to visit the UK.

willit

Whatever the reason (economic growth, speculators, oil price), the fall in the value of the Pound vs the Euro is going to cause my next holiday in Italy in October to be more on a more &quot;economic&quot; basis.

In the past we have seldom eaten out in the UK, but on holiday tended to eat out every day. In the past a reasonable meal has cost us around &euro;50 which has equated to around &pound;30-35. With he recent increases in food prices in Italy, coupled with thefall in the pound, these meals are likely to cost around &euro;60-70 equating to &pound;50-55.

One analyst this morning was saying the &pound; v &euro; may be a temporary thing as the recession is likely to hit the major European countries in the next few months. I would not be surprised if this proved false, and if the pound continued to slide towards parity with the Euro.

wellididntknowthat

When I went to Paris last December I was getting 1Euro 35 at least to the Pound. I've just exchanged ome Pounds for Euros for a trip to Berlin next week and got 1.20. It wont break the bank but I will notice the difference. I'm just pleased Berlin is still one of the cheapest Western capitals to visit.

Cholmondley_Warner

This just in - no change to interest rates. So expect the quid to keep bobbing around.

PalenQ

Pound sinking quicker than the Spurs football team - now at $1.77

Cholmondley_Warner

I could still buy your house old bean.....

PalenQ

Guardian recently said London property values had plunged about 25%.

I may be buying your flat before. Don't like those 100 year leases however - at my age

Cholmondley_Warner

What I mean is that my pounds will still buy an awful lot of jesusland.

Your dollars won't buy much here.