Pound = $ 1-64

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Jun 30th 2011, 3:55 am

#121

DownUnderPaddy

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Re: Pound = $ 1-64

Quote:

Originally Posted by Fluid36

It won't go below 1.50, obvious resistance there

1.499 (briefly)

You may have forgotten to factor the ongoing Euro crisis into that previous observation !

Jun 30th 2011, 3:57 am

#122

Fluid36

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Re: Pound = $ 1-64

Quote:

Originally Posted by DownUnderPaddy

1.499 (briefly)

You may have forgotten to factor the ongoing Euro crisis into that previous observation !

Still resistance at 1.50, will be surprised if it goes below (as in closes and manages to stay below).

Jun 30th 2011, 4:04 am

#123

DownUnderPaddy

Melbourne - NE suburbs

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Re: Pound = $ 1-64

Quote:

Originally Posted by Fluid36

Still resistance at 1.50, will be surprised if it goes below (as in closes and manages to stay below).

I tend to agree. Seeing it breached though, however briefly, is certainly fascinating to see. The next couple of years should provide plenty more currency soap opera !

Jun 30th 2011, 4:14 am

#124

Fluid36

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Re: Pound = $ 1-64

Quote:

Originally Posted by DownUnderPaddy

I tend to agree. Seeing it breached though, however briefly, is certainly fascinating to see. The next couple of years should provide plenty more currency soap opera !

Yeah it's ridiculous what happened to the pound, current union strikes etc can't be helping

Jun 30th 2011, 4:27 am

#125

xzibit

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Re: Pound = $ 1-64

I was all ready to exchange my money late last week, but forgot my password.

Got round to getting the password today, and this happens!!

I shall wait a week or two. All I want is 1.537. Not too much to ask. Bit annoyed I only exchanged half my money in March at the 1.64 peak now, but you can't tell the future.

I highly doubt it will get above 1.55-1.58 for the next 12 months or so.

Jun 30th 2011, 5:33 am

#126

jad n rich

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Re: Pound = $ 1-64

Quote:

Originally Posted by DownUnderPaddy

1.499 (briefly)

Dammit, you stay off the computer for an entire day - well to 3pm

and that happens.

Jun 30th 2011, 8:15 am

#127

lancastrian48

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Re: Pound = $ 1-64

Depresssing, and likely to get more when Greece and US go tits up later in the year.

Could certainly sell up at a profit and get cheaper pommy house,as their prices are supposed to fall for next 5 yrs..

Shit world we live in huh

Jun 30th 2011, 10:22 am

#128

EvannTel

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Re: Pound = $ 1-64

Quote:

Originally Posted by Fluid36

Still resistance at 1.50, will be surprised if it goes below (as in closes and manages to stay below).

It wasn't so long ago many on here were saying that about the 2.00 mark!

Jun 30th 2011, 10:36 am

#129

iamthecreaturefromuranus

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Re: Pound = $ 1-64

Quote:

Originally Posted by EvannTel

It wasn't so long ago many on here were saying that about the 2.00 mark!

..and at the moment its $1.493 so it could close below $1.50 today

Jun 30th 2011, 11:23 am

#130

northerner

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Re: Pound = $ 1-64

Quote:

Originally Posted by xzibit

Bit annoyed I only exchanged half my money in March at the 1.64 peak now, but you can't tell the future.

1.64 'peak'?

Jun 30th 2011, 12:02 pm

#131

isgraham

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Re: Pound = $ 1-64

Quote:

Originally Posted by Fluid36

Yeah it's ridiculous what happened to the pound, current union strikes etc can't be helping

Yes and Mervin King said a couple of days ago that interest rates will be low until employment starts to rise and the economy starts to grow more robustly. He also mentioned QE3.

Jun 30th 2011, 8:39 pm

#132

Stu Ward

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Re: Pound = $ 1-64

Quote:

Originally Posted by isgraham

Yes and Mervin King said a couple of days ago that interest rates will be low until employment starts to rise and the economy starts to grow more robustly. He also mentioned QE3.

Surely QE3 will only drive inflation higher ?

Jun 30th 2011, 9:07 pm

#133

isgraham

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Re: Pound = $ 1-64

Quote:

Originally Posted by Stu Ward

Surely QE3 will only drive inflation higher ?

And with it growth and jobs he hopes. I've bought a wheelbarrow for my cash so I can go out and buy bread.

Jul 1st 2011, 12:57 am

#134

bingobob777

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Re: Pound = $ 1-64

Quote:

Originally Posted by Stu Ward

Surely QE3 will only drive inflation higher ?

Inflation and commodities.

Wages keep rising less than cost of living
People have less spare cash
An economy living on debt for a decade suffers further
More high street stores close
Unemployment rises
etc etc
Eventually house prices fall significantly, meaning those yet to buy can afford to buy, but those who bought since 2007 are stuck with negative equity and unable to move for 10+ years.

Quite how the UK gets out of this I don't know.