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  • FIRST POST
    • bery_451
    • By bery_451 1st Sep 17, 6:20 PM
    • 973Posts
    • 27Thanks
    bery_451
    When will 1GBP be worth 1.20 Euros?
    • #1
    • 1st Sep 17, 6:20 PM
    When will 1GBP be worth 1.20 Euros? 1st Sep 17 at 6:20 PM
    Hi,

    Pound is at all time low now against EURO, however I believe value will steadily climb from here back to 1.20EURO levels? If so when do you guys thinks it will be worth that?

    2019 is Brexit, Surely the GBP can't keep on crashing until then? If so at this declining rate 1 will be worth 0.50 Euros
Page 3
    • Aretnap
    • By Aretnap 4th Sep 17, 11:02 AM
    • 2,723 Posts
    • 2,164 Thanks
    Aretnap
    You can be certain of one thing, all the problems the idiocy delivers will the fault of the EU.. again.
    Originally posted by JohnRo
    I think you'll find that they will be Remainers' fault as well.
    • EachPenny
    • By EachPenny 4th Sep 17, 12:08 PM
    • 2,123 Posts
    • 3,102 Thanks
    EachPenny
    So the best thing to do would be to accept that, and remain in the EU until we can have a properly informed vote.
    Originally posted by Glen Clark
    By which you presumably mean that only the government and other pro-EU organisations will be allowed to lie through their teeth, and anybody ignoring the propaganda and deciding to vote in accordance with their beliefs will be declared mentally incompetent and barred from voting.

    In which case, why bother with a vote, let's go back to the old system of the political elite making all the decisions and telling the plebs there is no other option and it is all being done in the best interests of the country.

    The same political elite who desperately wanted the UK to join the Euro, regardless of the economic chaos it caused.
    "In the future, everyone will be rich for 15 minutes"
    • Glen Clark
    • By Glen Clark 4th Sep 17, 12:56 PM
    • 3,825 Posts
    • 2,793 Thanks
    Glen Clark
    By which you presumably mean that only the government and other pro-EU organisations will be allowed to lie through their teeth, and anybody ignoring the propaganda and deciding to vote in accordance with their beliefs will be declared mentally incompetent and barred from voting.

    In which case, why bother with a vote, let's go back to the old system of the political elite making all the decisions and telling the plebs there is no other option and it is all being done in the best interests of the country.

    The same political elite who desperately wanted the UK to join the Euro, regardless of the economic chaos it caused.
    Originally posted by EachPenny
    Actually the political elite want to leave the EU to get control back for themselves.
    It is difficult to get a man to understand something, when his salary depends on his not understanding it. --Upton Sinclair
    • EachPenny
    • By EachPenny 4th Sep 17, 1:42 PM
    • 2,123 Posts
    • 3,102 Thanks
    EachPenny
    Actually the political elite want to leave the EU to get control back for themselves.
    Originally posted by Glen Clark
    Which political elite are you talking about then? The only person who even comes close to your description is Farage, and even that is a stretch to describe him as 'elite'.

    Which party leaders and frontbenchers have openly campaigned to 'get control back for themselves' in the last 20 years?
    "In the future, everyone will be rich for 15 minutes"
    • jimjames
    • By jimjames 4th Sep 17, 5:50 PM
    • 12,017 Posts
    • 10,455 Thanks
    jimjames
    Which political elite are you talking about then? The only person who even comes close to your description is Farage, and even that is a stretch to describe him as 'elite'.
    Originally posted by EachPenny
    As a rich ex investment banker I think it's quite appropriate to describe him as an elite, he's done a wonderful job of hiding his past, pretending to be a man of the people downing a pint yet switching to bottles of claret as soon as the cameras go.

    But the main elites behind it are the likes of the non-dom newspaper barons who print such bile while paying no/little tax in UK and trying to ensure things stay that way.

    In terms of politicians the likes of Davis and Fox have both been campaigning and consistent unlike ones like Boris
    Remember the saying: if it looks too good to be true it almost certainly is.
    • talexuser
    • By talexuser 4th Sep 17, 7:36 PM
    • 2,253 Posts
    • 1,725 Thanks
    talexuser
    I would add Redwood, Duncan Smith, Cash etc who have been anti EU consistently and seem to hark back to some kind of low regulation era in the past that they think was better than now. Ironically the hard left of Labour are just as anti EU because they see it as a capitalist bulwark against a Soviet style utopia they imagine is possible despite all the lessons of history.
    • EachPenny
    • By EachPenny 4th Sep 17, 8:02 PM
    • 2,123 Posts
    • 3,102 Thanks
    EachPenny
    In terms of politicians the likes of Davis and Fox have both been campaigning and consistent unlike ones like Boris
    Originally posted by jimjames
    I would add Redwood, Duncan Smith, Cash etc who have been anti EU consistently...
    Originally posted by talexuser
    But none of these, with the exception of Fox perhaps, would be recognised as 'political elites' in the way Blair, Brown, Mandelson, Kinnock(s), Cameron (and those that closely surround them) would be. They are the ones who have been driving the UK's relationship with the EU for the last 20 years... Farage, Redwood, IDS, Cash etc have just been making noise on the sidelines without many people taking much notice.

    Anyway, this is straying into 'Discussion Time' territory. I'm happy to discuss further over there instead
    "In the future, everyone will be rich for 15 minutes"
    • dividendhero
    • By dividendhero 4th Sep 17, 8:45 PM
    • 96 Posts
    • 69 Thanks
    dividendhero
    I would add Redwood, Duncan Smith, Cash etc who have been anti EU consistently and seem to hark back to some kind of low regulation era in the past that they think was better than now.
    Originally posted by talexuser
    They hark back to the 1950's - guess it's an improvement over the ludicrous figure of Jacob Rees-Mogg who's more of an 18th century kind of guy
    • Thrugelmir
    • By Thrugelmir 4th Sep 17, 9:51 PM
    • 55,209 Posts
    • 48,421 Thanks
    Thrugelmir
    Indeed, I wonder how many could name just 3 of the 7 presidents of the European Union (without googling) or even the institutions that they are presidents of
    Originally posted by ColdIron
    In discussing currencies. Perhaps naming the year that the UK last recorded a balance of trade surplus would be more apt. Far to easy to nail a belief to a flag. Rather than get to grips with the hard facts.
    Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell. Sir John Marks Templeton
    • dividendhero
    • By dividendhero 4th Sep 17, 9:58 PM
    • 96 Posts
    • 69 Thanks
    dividendhero
    In discussing currencies. Perhaps naming the year that the UK last recorded a balance of trade surplus would be more apt..
    Originally posted by Thrugelmir
    1998 - do I win 5 Euros?

    I'm sure once "free of the shackles of Bwussels", the UK will soon be back in surplus - by exporting Dyson vacuums made in Malaysia....
    • Gambler101
    • By Gambler101 4th Sep 17, 10:28 PM
    • 502 Posts
    • 1,242 Thanks
    Gambler101
    There wasnt all this fuss when we voted to join the common market in 1975, the leavers accepted the will of the people.
    The instructions on the box said 'Requires Windows 7 or better'. So I installed LINUX
    • EachPenny
    • By EachPenny 4th Sep 17, 10:41 PM
    • 2,123 Posts
    • 3,102 Thanks
    EachPenny
    There wasnt all this fuss when we voted to join the common market in 1975, the leavers accepted the will of the people.
    Originally posted by Gambler101
    But we didn't vote to join in 1975... We'd joined in 1973 thanks to Heath (with no vote). 1975 was a question of whether we stayed in or not, following a renegotiation. Sounds familiar?

    Cameron Wilson declared "I believe that our renegotiation objectives have been substantially though not completely achieved", and said that the government would recommend a vote in favour of continued membership
    https://en.wikipedia.org/wiki/United_Kingdom_European_Communities_membership_ref erendum,_1975
    Last edited by EachPenny; 04-09-2017 at 10:44 PM.
    "In the future, everyone will be rich for 15 minutes"
    • mark5
    • By mark5 5th Sep 17, 12:29 AM
    • 1,186 Posts
    • 801 Thanks
    mark5
    Germany's state pension is 3 times that of Britain too - and we are borrowing to pay that...
    Originally posted by Glen Clark

    Is it like the Spanish system though, where it's funded by massive employer contributions?

    The UK also has employer and private pension funds with tax rebates running along side the state pension, people overlook this when comparing.
    • Glen Clark
    • By Glen Clark 5th Sep 17, 10:23 AM
    • 3,825 Posts
    • 2,793 Thanks
    Glen Clark
    Which party leaders and frontbenchers have openly campaigned to 'get control back for themselves' in the last 20 years?
    Originally posted by EachPenny
    The art of successful politics is to make both sides think you are on their side. So they don't say it as clearly as that. They say restore 'our sovereignty' 'our country' etc so we plebs think it includes us
    It is difficult to get a man to understand something, when his salary depends on his not understanding it. --Upton Sinclair
    • atush
    • By atush 5th Sep 17, 11:12 AM
    • 16,243 Posts
    • 9,913 Thanks
    atush
    Thats the wrong way of looking at it. Comparing their trade to us as a percentage of our trade to them is pointless. You need to look at their trade to us as a percentage of the total EU trade. The UK makes up somewhere between 8 and 18% of EU total exports. In comparison, the UK exports something like 44% of it's total exports to the EU.

    We need them a hell of a lot more than they need the UK.


    https://fullfact.org/europe/uk-eu-trade/
    Originally posted by Gadfium
    It depends, a lot of trade is from Germany, and they want the UK as an export market. They will want a deal, and generally, what germany wants, germany gets- in the end.

    I didnt say we didnt need them more, I said they need us.
    • talexuser
    • By talexuser 5th Sep 17, 12:52 PM
    • 2,253 Posts
    • 1,725 Thanks
    talexuser
    But none of these, with the exception of Fox perhaps, would be recognised as 'political elites'
    Originally posted by EachPenny
    Your joking, decades in parliament in a safe as houses seat with all those perks and you're not an elite? Married to the daughter of a Baron and living in a country estate not an elite?
    • jimjames
    • By jimjames 5th Sep 17, 1:24 PM
    • 12,017 Posts
    • 10,455 Thanks
    jimjames
    There wasnt all this fuss when we voted to join the common market in 1975, the leavers accepted the will of the people.
    Originally posted by Gambler101
    Maybe one other difference was that the result was very clear cut with over 2/3 majority and arguably not the same level of lies and misinformation put out without social media.
    Remember the saying: if it looks too good to be true it almost certainly is.
    • bery_451
    • By bery_451 13th Sep 17, 6:45 PM
    • 973 Posts
    • 27 Thanks
    bery_451
    Pound is at 1.11 Euro, it seems the is on its way to recovery from its all time low price. Those who invested in the when I started this thread will make a huge tons of money
    • Uxb
    • By Uxb 13th Sep 17, 8:53 PM
    • 907 Posts
    • 985 Thanks
    Uxb
    The notion we have to leave because thats what people voted for has a big flaw. The reality is nobody will get what they voted for because those who voted to leave were promised, and voted for, things they can't have.
    Originally posted by Glen Clark
    Well we are:
    Never EVER again is the unaccountable EU going to tell the UK government elected by us what laws to pass and what laws are illegal according to the EU.
    The vote to leave was not about economics it was about self determination.
    The former Eastern bloc countries are now discovering the true nature of the EU with recent EU court ruling saying the EU can force them to accept migrants.

    The latest proposed insanity from the EU is a draft directive is that all human carrying capable vehicles involving some form of mechanical/electrical propulsion must be fully insured at all times regardless if they are only kept or used on private land.
    So that would put an end to the UK's SORN principle for off-road cars and mean that sit-on lawn mower kept in your shed/back garden must be fully insured...as will golf buggys, farm vehicles, fairground dodgems, electric assist cycles, mobility scooters etc
    The EU simply cannot stop can it in its meddling.......
    • Gadfium
    • By Gadfium 13th Sep 17, 10:00 PM
    • 624 Posts
    • 1,160 Thanks
    Gadfium
    The latest proposed insanity from the EU is a draft directive is that all human carrying capable vehicles involving some form of mechanical/electrical propulsion must be fully insured at all times regardless if they are only kept or used on private land.
    So that would put an end to the UK's SORN principle for off-road cars and mean that sit-on lawn mower kept in your shed/back garden must be fully insured...as will golf buggys, farm vehicles, fairground dodgems, electric assist cycles, mobility scooters etc
    The EU simply cannot stop can it in its meddling.......
    Originally posted by Uxb
    Sigh- the usual uninformed nonsense.

    Firstly the UK government voted to support the EU Insurance Directive in 2009, so if you want to blame anyone, contact your MP.

    Secondly the EU acknowledges the problems caused by the ECJ's interpretation of ambiguous wording in the European Insurance Directive. Which is why the UK government issued a consideration of the impact in Dec 2016. And why the EU issued an Inception of Impact study into the ruling in order to make a decision on how best to modify the directive.

    But you go right ahead and carry on with your "the EU is baaad" narrative.
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