Sterling hits record new Euro low - BBC

tomstickland

monkeymaster wrote: »

Not voting for them because they are a complete lightweight and out of their depth is valid though.

It is a valid reason. However, have you ever spoken to Osborne, or are you just being taken in by the spin? Gordon Brown spends more on spin than Tony Blair.

I,_Brian

Interesting coverage on the BBC on why the pound is especially losing against the euro:
http://news.bbc.co.uk/1/hi/business/7340378.stm

chucky

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3900617/China-cuts-rates-and-Japan-exports-tumble-as-global-economic-crisis-deepens.html

interesting that the weaker Yen has massively impacted exports from Japan - maybe the pound being so cheap isn't a bad thing after all.

the_ash_and_the_oak

I moved large chunk of savings into yen at the end of 2007 so as to miss out on the falls in the pound. While that worked out as expected I'm less sure now about whats next and what to do next. Most of the non-yen savings are in gold and I'm not really an all-in-one-basket kind of person so reticent about increasing there.

Do you think we are done with the falls now and maybe time to convert back into sterling? Or is there worse to come for the pound?

Does anyone like the Canadian Dollar?

Cleaver

the_ash_and_the_oak wrote: »

I moved large chunk of savings into yen at the end of 2007 so as to miss out on the falls in the pound. While that worked out as expected I'm less sure now about whats next and what to do next. Most of the non-yen savings are in gold and I'm not really an all-in-one-basket kind of person so reticent about increasing there.

Do you think we are done with the falls now and maybe time to convert back into sterling? Or is their worse to come for the pound?

Does anyone like the Canadian Dollar?

Canadians?

WTF?_2

the_ash_and_the_oak wrote: »

I moved large chunk of savings into yen at the end of 2007 so as to miss out on the falls in the pound. While that worked out as expected I'm less sure now about whats next and what to do next. Most of the non-yen savings are in gold and I'm not really an all-in-one-basket kind of person so reticent about increasing there.

Do you think we are done with the falls now and maybe time to convert back into sterling? Or is their worse to come for the pound?

Does anyone like the Canadian Dollar?

Hard to say what way things are going to go. Personally I just want to buy a house so will be putting my money into that when the time is right. I've no plans to move my non-sterling currency back just yet though as I think that the UK economy looks decidedly shakier than the other big economies ... and that's saying something.

What I'm worried about now is strong inflation eroding my sterling savings but I think we have at least 6-12 months before it hits. It will take time to flood the market with newly 'printed' cash and to get it into the hands of people who will spend it.

Yoshua

chucky wrote: »

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3900617/China-cuts-rates-and-Japan-exports-tumble-as-global-economic-crisis-deepens.html

interesting that the weaker Yen has massively impacted exports from Japan - maybe the pound being so cheap isn't a bad thing after all.

You are wrong, the the Yen is just about the strongest certainly compared with the pound/doller etc.

chucky

Yoshua wrote: »

You are wrong, the the Yen is just about the strongest certainly compared with the pound/doller etc.

sorry should have said stronger - thanks for pointing it out