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How far will Sterling be allowed to fall?

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Comments

  • Datasafe_2
    Datasafe_2 Posts: 155 Forumite
    Really2 wrote: »
    Not a bad day today though
    http://newsvote.bbc.co.uk/1/shared/fds/hi/business/market_data/currency/default.stm
    Up against the whole basket.

    Don't get carried away, when the unemployment figures come out on Wednesday sterling will look very poorly indeed.:p
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    GDB2222 wrote: »
    My recollection, from when I was a child, was $5=£1.

    How old are you, even my old grandad used to only talk about 4 to the £ :eek: What is your real name Rip Van Winkle :D
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    aqueoushumour01 wrote: »
    well, it's actually the carry trade in reverse.
    Yeah. I knew that (possibly) but my carefully crafted 'thank me' persona is built on not allowing my brilliant and savage intelligence too much of an airing. mewbie of the people and all that.
  • monkeymaster
    monkeymaster Posts: 202 Forumite
    Treadmill wrote: »
    With 0% interest rates looming all round I think that the Euro, Dollar and Pound will all reach parity, we all have the same problems

    I'd say economics wasn't your strong point?
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Datasafe wrote: »
    Don't get carried away, when the unemployment figures come out on Wednesday sterling will look very poorly indeed.:p

    Yippe can't wait.:rolleyes: Don't you live or invest in the UK.
  • Datasafe_2
    Datasafe_2 Posts: 155 Forumite
    Really2 wrote: »
    Yippe can't wait.:rolleyes: Don't you live or invest in the UK.

    Your point?
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Datasafe wrote: »
    Your point?

    Very obvious.
  • Datasafe_2
    Datasafe_2 Posts: 155 Forumite
    Really2 wrote: »
    Very obvious.

    Enlighten me
  • free4440273
    free4440273 Posts: 38,438 Forumite
    And given that forex is a zero-sum gain ('your' currency vs. 'their' currency), let's see what The Fed does: .50 or .75 bps? Or perhaps they will do the correct thing and stay pat? Yeah, right, and we will see Dow 30,000:rotfl:
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
This discussion has been closed.
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