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Debate House Prices


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The £ looks to be at a 6 month high agaist the euro.

As the title really currently trading at 1.17 euros to the £.

Looks like the media aint spoted it yet.
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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Coming up to holiday season :j Spanish will be breathing a sigh of relief,
    '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
  • michaels
    michaels Posts: 29,256 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Currency market very noisy over the last few days/weeks. I tend to think that a sudden increase in volatility in a market is often a marker that there is about to be a major correction - could we be about to see the dollar rout?
    I think....
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    michaels wrote: »
    Currency market very noisy over the last few days/weeks. I tend to think that a sudden increase in volatility in a market is often a marker that there is about to be a major correction - could we be about to see the dollar rout?

    Euro rout,collapse?
    '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
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    At last.....I'm off to Corfu in a couple of weeks!
  • Alan_M_2
    Alan_M_2 Posts: 2,752 Forumite
    A Dollar rout would be most agreeable, 3 weeks in Disney central Orlando during August for us.

    FairFX cards ordered and sat here waiting to be loaded when the Dollar tanks!
  • michaels
    michaels Posts: 29,256 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    We really need to keep the Goldilocks exchange rate, neither too high to lose competitiveness (who wants to adjust via nominal wage reductions)or too low to provoke importing inflation.

    So far the UK has gained considerably from being able to devalue - staying out of the Euro is one of the few positive economic decisions I am willing to credit Mr Brown with. But in my opinion it was a bit of a no brainer, the EU is obviously not an optimal currency area so any decision to go in would have been entirely political and I don't see putting politics before economics is ever a good idea.
    I think....
  • novazombie
    novazombie Posts: 327 Forumite
    So whats the future looking like for the pound? After all this queasing.........
  • tommy75
    tommy75 Posts: 583 Forumite
    Can we send an email to the BOE to step up the printing? The pound is kicking a s s now!!... Not sure how that works though.. :p







    Never did like paying 6 euros each time for a pint of magners last year..
  • Treadmill
    Treadmill Posts: 1,102 Forumite
    I know what you are saying Tommy, the all you can eat Wok Buffets where starting to get pricey too
  • Alan_M wrote: »
    A Dollar rout would be most agreeable, 3 weeks in Disney central Orlando during August for us.

    FairFX cards ordered and sat here waiting to be loaded when the Dollar tanks!

    not much time for us, if the $ is going to tank - hope it's in the couple of weeks - tomorrow would be nice - we're off on Saturday - not to Orlando though - to the Gulf coast.

    The exchange rate has been better, but it has been an awful lot worse. I remeber a trip to Nevada in 2000 - when it was about $1.37.
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