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Debate House Prices


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Pound down 5% in two days, and nobody notices!

GDB2222
GDB2222 Posts: 26,949 Forumite
Part of the Furniture 10,000 Posts Photogenic Name Dropper
in Debate House Prices & the Economy
Sterling is now $1.42 = £1. Tuesday morning, it was $1.49. So, we're 5% worse off than 2 days ago. (OK, that's arguable.)

Shouldn't this be headline news, rather than some bit about a corrie star losing her baby?
No reliance should be placed on the above! Absolutely none, do you hear?
«1

Comments

  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    GDB2222 wrote: »
    Sterling is now $1.42 = £1. Tuesday morning, it was $1.49. So, we're 5% worse off than 2 days ago. (OK, that's arguable.)

    Shouldn't this be headline news, rather than some bit about a corrie star losing her baby?

    A corrie star lost her baby! I didn't know. When's the public holiday for the funeral?

    Before people whinge, of course I feel sorry for the poor woman. A very good friend lost his daughter to a degenerative disease so I have some insight into what she's going through. That it's big news seems silly.
  • Cannon_Fodder
    Cannon_Fodder Posts: 3,980 Forumite
    I'm not sure we all felt particularly wealthy when it rose from 1.38 to 1.48...so going back again means even less...?
  • barrooo
    barrooo Posts: 322 Forumite
    Just be thankful it hasn't fallen further, especially since Merv stuck the boot in as well
  • withabix
    withabix Posts: 9,508 Forumite
    Just wait until they start printing money ('quantitative easing')...

    The value of the £ will drop like a stone.
    British Ex-pat in British Columbia!
  • SingleSue
    SingleSue Posts: 11,718 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I had noticed but was too eekk to start a thread! I had been starting to feel happier about the value of the pound against the dollar and euro but it is def into eek territory again.
    We made it! All three boys have graduated, it's been hard work but it shows there is a possibility of a chance of normal (ish) life after a diagnosis (or two) of ASD. It's not been the easiest route but I am so glad I ignored everything and everyone and did my own therapies with them.
    Eldests' EDS diagnosis 4.5.10, mine 13.1.11 eekk - now having fun and games as a wheelchair user.
  • izzybusy23
    izzybusy23 Posts: 994 Forumite
    GDB2222 wrote: »
    Sterling is now $1.42 = £1. Tuesday morning, it was $1.49. So, we're 5% worse off than 2 days ago. (OK, that's arguable.)

    Shouldn't this be headline news, rather than some bit about a corrie star losing her baby?

    I've noticed alright! Going to the states at the end of June.. I'm watching it daily.
  • Rochdale_Pioneers
    Rochdale_Pioneers Posts: 2,469 Forumite
    Part of the Furniture Combo Breaker
    I noticed. Currency fluctuates wildly in value shock.Obviously we're the only currency pogoing up and down as the traders stampede round the world trying to find that safe bolt-hole.....
  • morg_monster
    morg_monster Posts: 2,392 Forumite
    i've had xe.com on all day at work this week, watching £ fall against the $. Have just sent of a $ Swift transfer today for a couple of thousand, really wish I had been able to do it last week instead. pooo poo pooooo.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I should imagine that most balanced investment portfolios gain when Sterling devalues, so the pension funds should gain. :T
    '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
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    I should imagine that most balanced investment portfolios gain when Sterling devalues, so the pension funds should gain. :T

    Not sure. I think most UK pension funds have the majority of their assets in the UK as that's where their liabilities lie.
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