We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Your Holiday Pound Worth Less This Year? HeadsUp!
Comments
-
Against what?
It's down 7%+ against the Euro and 5+% against the dollar this year.
It's down 10% against the Euro since last July. £500 spending money last year got you £645 euros - this year 577 euros.
And that's now - it'll be worse by the summer. I'm wonderin if I should get my holiday money now :think:
Against the US Dollar the pound is down 3.9% over the past 12 months according to Yahoo.0 -
DecentLivingWage wrote: »'The Pound Has Sunk Nearly 11pc Since Last Summer And Is Set To Keep Falling' (Telegraph) - I just thought some of the low waged working families on here might appreciate knowing that about the Cons weak pound and failing economic policy before they book.....
http://www.telegraph.co.uk/finance/personalfinance/consumertips/9888407/Pound-to-keep-falling-holidaymakers-warned.html
Can you tell us what you thought of the exchange rate under the previous government? Was it better, do you think?0 -
Against what?
It's down 7%+ against the Euro and 5+% against the dollar this year.
12 months ago the exchange rate was 1.18 Euros to the pound. Today it is 1.145 - a fall of just over 3%.
The fact that the exchange rate increased over the summer before falling back was probably fairly fortuitous for holidaymakers last summer. I'd guess that they would have spent less than expected as a result of this good fortune, rather than having an extra jug of sangria each day."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
Against what?
It's down 7%+ against the Euro and 5+% against the dollar this year.
It's down 10% against the Euro since last July. £500 spending money last year got you £645 euros - this year 577 euros.
And that's now - it'll be worse by the summer. I'm wonderin if I should get my holiday money now :think:
A major part of the "fall" against the euro was caused by the euro strengthening against pretty much all major currencies as markets perceive it to be less likely to implode than a year ago.
Also the £/€ exchange rate now is almost exactly the same as it was when the current government came to power in 2010.
Basically it looks like DLW is running out of things to troll about, which can only be a good thing.0 -
currency deflation deniers - now that's interesting......:think:0
-
currency deflation deniers - now that's interesting......:think:
You think that we are telling porkies?
Perhaps you would like to do some research and tell us what the real pound:euro exchange rate was 12 months ago and in May 2010 when Labour were last in power?"When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
-
-
It is pointless to try and discuss anything with these people.
They are easily manipulated by the media, and those who have an agenda and feed the media with easily digestible mush.
Large Oil company want to hide your profiteering?
Feed a few story's blaming the value of GBP for the rising price of petrol. The stupid media run with it, and the GULLIBLE fall for it
..easy.
The FACT that GBP/USD was 1.35 as recently as 2002 and nobody had to stop using their car, nobody stopped going on holiday and the UK economy didn't collapse overnight is easily forgotten.
The internet age was meant to set us free, but in fact it has just made it easier to enslave the feeble minded who will believe everything they are told.'In nature, there are neither rewards nor punishments - there are Consequences.'0 -
Imagine if Balls was chancellor, asking his advisers what impact the falling pound would have on his complex economic policy.
"does this mean I can borrow more?"0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards