GBP crisis...yawn
#46
Life is what YOU make it.
Joined: Oct 2009
Location: Christchurch
Posts: 3,312
Re: GBP crisis...yawn
I thought we werent allowed to talk politics on this forum
.....it's going to be a difficult rule to maintain as we approach the election.
Glad I'm in NZ.....I've never been a fan of spoiling my ballot paper, but this time round I'm not sure which of the band of clowns I'd choose.
.....it's going to be a difficult rule to maintain as we approach the election.
Glad I'm in NZ.....I've never been a fan of spoiling my ballot paper, but this time round I'm not sure which of the band of clowns I'd choose.
And I mean all.......http://news.bbc.co.uk/1/hi/england/kent/8563214.stm...says it all really!
Last edited by Stormer999; Mar 12th 2010 at 6:03 am.
#47
Re: GBP crisis...yawn
2.15610 and counting - that's closer to 2.16 just on one baseless rumour!
Do you not realise the power you wield? International monetary experts could pay you millions NOT to make currency transactions for fear of destabilising the economies of entire nations. You should give Alistair Darling a ring - I think they are desperate enough ahead of the election to try anything!
Do you not realise the power you wield? International monetary experts could pay you millions NOT to make currency transactions for fear of destabilising the economies of entire nations. You should give Alistair Darling a ring - I think they are desperate enough ahead of the election to try anything!
#48
Re: GBP crisis...yawn
I rang GB this morning and just hinted that Genesis might be about to make a FE trade, he put his hand over the phone mouthpiece but I did hear him...
"For goodness sake Alistair, sell the LOT, NOW!!! and then buckle up, todays going to be rough....shame about the Greeks....and get me the Black Friday Plan right away"
...then he rang off....
"For goodness sake Alistair, sell the LOT, NOW!!! and then buckle up, todays going to be rough....shame about the Greeks....and get me the Black Friday Plan right away"
...then he rang off....
#50
Re: GBP crisis...yawn
Back in the UK I admit I was the usual "got to have a flash car, LCD TV, big house" etc etc.
But, after spending 9 months traveling round Oz in a tiny little campervan with nothing but a rucksack of clothes, and now being in NZ for 3 months with the same bag of clothes, we've realised its all just stuff. We dont actually need all thats stuff, its just an item which at the end of the day it doesn't matter if you have it or not.
Sure a big screen tv or flash car is nice, but if you don't have it so what. I haven't watched a TV in nearly 10 months, and as long as a car has 4 wheels and doesn't break down every 2 feet I'll be happy.
#51
#53
Re: GBP crisis...yawn
Simonsi had the right idea...forget about the heady days of the $2.70s. I think they are gone forever. What you need to think about is what you can get today..and more importantly what you THINK you might get in 4 months time. I believe we all have to face up to the fact that those of us with money in the UK that we want to bring to NZ is that it has devalued by about 25% in the last 15 months and its not going to get much better in the short term..by that I mean many, many years. I will do a big sell IF it gets to $2.40ish. What do you lot think? The only salvation for a return to $2.50 plus is if the kiwi takes a BIG bashing for some reason..that's the only way it will go north of $2.50..The GBP is really, really fecked.
#56
Re: GBP crisis...yawn
I wasn't planning to sell my house straight away - i was thinking of leaving it a couple of years, and selling up and bringing the money over then - surely the GBP would recover a bit by then?
#57
Re: GBP crisis...yawn
Dewb
#58
BE Enthusiast
Joined: Mar 2005
Posts: 613
Re: GBP crisis...yawn
Noone really know, and everyting is just guess work and wishing and hoping. However, what is certain is that things change and when they do it may happen suddenly. I don't think though it will take years for the NZ dollar to come down as it doesn't simply depend on what happens to the pound.
#59
Re: GBP crisis...yawn
Depends how long you can wait really.
We transfered some fund to OZ 12 months ago at 2.2 which we thought was bad at the time, but had no chouce but to transfer. Everyone we spoke to was going "yeah it'll come back up soon no worries". But now look at it! 1.6!!!
Got the remains of our UK currency to bring over to NZ now, and seriously tempted to just do it and not worry it it goes up. Just don't want to lose anymore now.
We transfered some fund to OZ 12 months ago at 2.2 which we thought was bad at the time, but had no chouce but to transfer. Everyone we spoke to was going "yeah it'll come back up soon no worries". But now look at it! 1.6!!!
Got the remains of our UK currency to bring over to NZ now, and seriously tempted to just do it and not worry it it goes up. Just don't want to lose anymore now.