Just When We Thought The Pound Was Recovering

Post by **JimmyGreaves** » Thu Sep 24, 2009 11:32 pm

Bloody Hell

Looks like we are on a roller coaster ride downwards again

http://news.bbc.co.uk/2/hi/business/8272661.stm

HELP

Post by **BaaBaa.** » Fri Sep 25, 2009 12:12 am

I know, it's dropping like a stone.

Spitfire · Post by **Spitfire** » Fri Sep 25, 2009 12:37 am

Yeah, it's bolloxs because the FTSE is up, why the baht is so valuable is a complete mystery with all the f*** ups cracking off here at the moment.

Post by **STEVE G** » Fri Sep 25, 2009 12:58 am

On the bright side, at least I'm not in Euroland at the moment so my pint of beer will cost exactly the same tonight!

Post by **Condoking** » Fri Sep 25, 2009 2:38 am

Chickens coming home to roost

When the country is both financially and morally bankrupt who is going to keep supporting it and buying bonds etc.

Any predictions above 45 baht to the pound for year end?

Post by **PeteC** » Fri Sep 25, 2009 5:49 am

The banks must have known this was coming, but not exactly when. I've been watching buy/sell rates the past couple of weeks and the pound at one time had more than a 3 baht difference between buy and sell, whereas other major currencies were in the range of 1, 1.5 to less than 1. Pete

Post by **margaretcarnes** » Fri Sep 25, 2009 6:51 am

I've thought for a while now that the Pound/Euro rate is being engineered in some way to allow a more acceptable (i.e. excuse for implementing) change from pound to euro.

Post by **norm** » Fri Sep 25, 2009 11:43 am

Allow me to brighten up your day.

Post by **loverboy44** » Fri Sep 25, 2009 3:23 pm

@Steve G.
If the Uk would have joined the Euro not only the pint would cost the same but also the fuel you use to get to the pub!

Post by **STEVE G** » Fri Sep 25, 2009 3:40 pm

loverboy44 wrote:@Steve G.
If the Uk would have joined the Euro not only the pint would cost the same but also the fuel you use to get to the pub!

I walked but I know what you mean. Actually I was working in Luxembourg pre-crisis where a pint of Guiness set you back 5.50 euro, whereas here in Somerset I bought several of them last night for 2.00 pounds (Thursday night special) so all is not lost.
Ironically one of the reasons for not joining the Euro in the first place was that the ECB was only offering 1.3 something to the pound.

Post by **loverboy44** » Fri Sep 25, 2009 4:37 pm

Steve, if you would have crossed the border, actually no border border any more, to Bitburg/Germany, you might have got a bargain yesterday at 1,90 Euro a pint, every day low price.

Used to work in Luembourg as well some moons ago mate.

Post by **chopsticks** » Fri Sep 25, 2009 5:24 pm

norm wrote:Allow me to brighten up your day.

Very funny - and the others from same source about Gordon Ramsay etc.

Post by **JimmyGreaves** » Mon Oct 12, 2009 4:49 pm

Not good reading today and the dollar/euro rates are dropping as predicted:

http://news.bbc.co.uk/2/hi/business/8301418.stm

sargeant · Post by **sargeant** » Mon Oct 12, 2009 7:23 pm

If it gets down to 27.77 i wont make my marriage visa

Post by **Big Boy** » Mon Oct 12, 2009 10:09 pm

I've been there when it's been hovering between 30 & 32, so you'd better get those divorce papers ready