US ($) Currency Thread 1 (closed - use thread 2)

Blink_Eden

inspector_monkfish wrote: »

cant you rent your house in england, and rent one yourself in the US ?

Good advice, definitely something worth considering. :T

glenandemm

anyone know a good site to see live currency rates?

inspector_monkfish

glenandemm wrote: »

anyone know a good site to see live currency rates?

see page 52

glenandemm

doh! cheers mate, i see its down to 1.40 at moment, reading an aticle by a baclays boss saying the pound is undersold at moment and expects it to bounce back soon,i just hope it gets near $1.50 before i go to florida in may.
never thought i'd be happy with $1.50 but at the moment i'd take it!!!

inspector_monkfish

Markets are just waiting to hear what the UK car plan has to offer.
Mandy is due to explain it all at 3.05pm today....

just bouncing off the 1.4025 line now, and back up to 1.4055

inspector_monkfish

This could move the FX rates.......

- - - - - - - - - -

Make-up of Britain's car manufacturing industry

Britain will announce on Tuesday a package of measures to help the country's struggling car industry, a spokesman for Prime Minister Gordon Brown said.
The announcement, to be made to parliament after 1500 GMT, will outline ways "to ensure that we have the strongest possible car industry in the future," the spokesman said.
Below is a list of facts and figures about Britain's car industry:

* 1.75 million cars and commercial vehicles were produced in Britain in 2007, from 27 major manufacturers

* The industry generated 51 billion pounds of turnover, adding 9.5 billion pounds to the country's economy.

* Over 800,000 workers are employed by the industry, including nearly 200,000 in direct manufacturing

* The top 5 manufacturers in the UK from highest volume down are Nissan , BMW (MINI), Honda , Toyota and Land Rover.

* December 2008 car production was down 47.5 percent on the same month a year ago as falling demand hit the industry

* Around 2,000 job cuts have been announced by the industry since September, including 1,200 by Nissan

Sourced from the Society of Motor Manufacturers and Traders (SMMT) and the British government.

neilbond007

Blink_Eden wrote: »

Good advice, definitely something worth considering. :T

If push comes to shove I'm rent my house out here. Looks like it's going that way anyway as I aint had a viewing in the month it's been on the market!
I went over to the US last week and have bought a house. Renting is pretty expensive there and new builders are virtually giving houses away!

inspector_monkfish

neilbond007 wrote: »

If push comes to shove I'm rent my house out here. Looks like it's going that way anyway as I aint had a viewing in the month it's been on the market!
I went over to the US last week and have bought a house. Renting is pretty expensive there and new builders are virtually giving houses away!

good luck with that
house prices are tumbling fast in the US....

neilbond007

inspector_monkfish wrote: »

good luck with that
house prices are tumbling fast in the US....

I'm aware of that. I did my homework!
looks like it may be turning a little over there -
http://news.bbc.co.uk/1/hi/business/7852011.stm

got a 3700sq ft house for $200k. I know a house is only worth what i paid for it but to build the same house from scratch is $215k and there are $40k extras on it. It was built for some bloke who then lost his job so all the deposit etc is paid!

inspector_monkfish

neilbond007 wrote: »

I'm aware of that. I did my homework!
looks like it may be turning a little over there -
http://news.bbc.co.uk/1/hi/business/7852011.stm

got a 3700sq ft house for $200k. I know a house is only worth what i paid for it but to build the same house from scratch is $215k and there are $40k extras on it. It was built for some bloke who then lost his job so all the deposit etc is paid!

don't be so sure, i still think house prices in UK, US and Europe have long long way to fall yet...

this data was just released about 50mins ago.......

- - - - - - - - - - -

CASE-SHILLER NOV 10-CITY HOME PRICE INDEX -19.1% YY
CASE-SHILLER NOV 20-CITY HOME PRICE INDEX -18.2% YY
CASE-SHILLER NOV 10-CITY HOME PRICE INDEX -2.2% MM
CASE-SHILLER NOV 20-CITY HOME PRICE INDEX -2.2% MM
Case-Shiller: Home Prices Continue Slide In November
Case-Shiller: Home Prices Continue Slide In November


The multiyear home-price declined worsened further in November, according to
the Case-Shiller home-price indexes, as numerous regions in the country saw record monthly declines.
The Sun Belt continues to be hit hardest, and nationally, home prices are at
levels similar to the first quarter of 2004.
"The freefall in residential real estate continued through November," said
David M. Blitzer, chairman of S&P's index committee. Both composite indexes and
11 of the 20 metropolitan areas reported record year-over-year declines.

As of November, the 10-city index is down 27% from its mid-2006 peak and the
20-city is down 25%. The two indexes have fallen every month since August 2006,
28 straight.
The indexes showed prices in 10 major metropolitan areas fell 19.1% in
November from a year earlier and 2.2% from October. The drop marks the 10-city
index's 14th-straight monthly report of a record decline.

In 20 major metropolitan areas, home prices dropped 18.2% from the prior
year, also a record, and 2.2% from October.
Once again, none of the regions could stave off a decline from October to
November. Month-to-month decliners were led by Phoenix and Las Vegas, which fell
3.4% and 3.3%, respectively, and Detroit, which dropped 3.1%. Eight cities -
Atlanta, Boston, Charlotte, Chicago, Dallas, New York, Portland and Seattle - had
their largest monthly declines on record. Charlotte posted its third-straight
record monthly decline.

And for the eighth-straight month, no region was able to avoid a
year-over-year decline. Phoenix and Las Vegas were again the worst performers,
with drops of 33% and 32%, respectively, from a year ago. Miami, San Francisco,
Los Angeles and San Diego followed, with declines between 26% and 31%.
Compared with a year earlier, Dallas and Denver had the best relative
performance, with declines of 3.3% and 4.3%, respectively. Eight of the cities
had smaller annual declines than October.

The Case-Shiller data came just a day after a government report that sales of
previously occupied homes rose in December, spurred by buying of discounted
property in distressed markets as prices took a record drop. The median home
price was down more than 15%, the second month in a row of the largest drop since
the survey began in 1968.

Tight credit and a bleak economic outlook amid mounting job losses have added
more stress to U.S. households, meaning the glut of housing remains. Even
heightened efforts to help borrowers stay in their homes have made little
headway.