Seabird

Does anyone on here have an educated opinion on how the reduced majority of the leading party is likely to affect the value of the pound?

A weakening pound could have a serious affect on many people on here, particularly those that have sold houses and are planning to exchange currency. It will affect anybody going anywhere if we see a big decrease in the exchange rate when buying foreign currency...

Dreamaway 10

One things for sure noone can predict what is going to happen with the exchange rate.
Just hope that the British pound stays strong we have to invest the $100,000 soon and need the rate to be in our favour.

sheila and joe

what skills are you going over on dreamway as the MODL has just been updated again and we were in the process of paying the bond and now we dont have to cos hubby has just been given an extra 15 points -- some of those added to MODL are plasterers,brickies,electricians,carpenter/joiner and a few others

sheila

Dreamaway 10

Butcher actually.
If this was the case it would be absolutley brillant.!
How can I find out please.

Dreamaway 10

Just looked at the DIMIA website and at the additions but does not look like Butchers have been added.Pity just our luck worth a try though.

JackTheLad

A reduced majority will have an effect of the pound? You reckon?

In my capacity as a 'knowing b*gger all about exchange rates', I'd say zero effect. It *was* a labour government, it *is* a labour government. Its still Ol' Gordy doing the economics, and their majority is substantial enough to force through anything they want.

Apart from a war on Iran maybe, or Syria, North Korea etc etc

Cheers,
JTL

Seabird

Don't know, but definitely heard it said on the news that a reduced minority will decrease confidence in UK currency. As I'm pig ignorant about this type of thing, and guessed it would have implications for lots of folk on here I thought there must a a financial guru on this forum somewhere.. HELLOH... IS THERE ANYBODY OUT THERE?? SPEAK TO US THORUGH THIS CRYSTAL BALL...

JackTheLad

If there is one, he's probably too busy rubbing it

Crystal ball I mean

JTL

Seabird

LOL

While he (or she)'s busy fiddling their accounts or their TRA form....

Bed Of Roses

Hello Seabird,

i to have read this at bloomberg

http://www.bloomberg.com/apps/news?p...7OeJA&refer=uk

hope there wrong

Seabird

Thanks Bed of roses..

Copied this from the Bloomberg site:

"Expansion in services industries slowed, manufacturing contracted and the housing market stagnated, reports this week showed. The pound also was hurt yesterday after Prime Minister Tony Blair's ruling Labour Party won a smaller majority than expected in the country's election.

Demand for the U.K. currency weakened further yesterday after Blair's Labour Party secured a smaller majority in Parliament than forecast. The government's majority was reduced to about 65 seats from 161.

With the reduced majority ``will Blair be there for the totality of the next term?'' said Bob Parker, deputy chairman in London of Credit Suisse Asset Management, which manages about $335 billion. ``With uncertainty you're seeing some moderate selling pressure on sterling.''

I guess we wait and see, but might be worth forum members time checking with their financial advisers if they have one.

It's okay for me, as I've not got the proceeds of a house etc. to transfer...

Dreamaway 10

Oh Dear !!! that does'nt sound good.Typical really.