Re: GBP crisis...yawn
OH no, just as things are finally moving on the house front :rolleyes:
OMG maybe I am related to Genesis :eek: Dewb |
Re: GBP crisis...yawn
Originally Posted by Dewb09
(Post 8432870)
OH no, just as things are finally moving on the house front :rolleyes:
OMG maybe I am related to Genesis :eek: Dewb |
Re: GBP crisis...yawn
I was speaking with the man from the currency exchange company. Told him what I had read on here, and asked if he could comment...
officially...no - they just change money, they don't advise. They don't have crystal balls(....behave !) but in his personal opinion, the advice I got from here is spot on:cool: - there is no good news for the pound on the horizon. It will be hostile for the GBP for at least one year --- and no one could possibly predict more than a year away. so once again, well done expats -you were spot on again! |
Re: GBP crisis...yawn
Originally Posted by mudblood21
(Post 8433489)
I was speaking with the man from the currency exchange company. Told him what I had read on here, and asked if he could comment...
officially...no - they just change money, they don't advise. They don't have crystal balls(....behave !) but in his personal opinion, the advice I got from here is spot on:cool: - there is no good news for the pound on the horizon. It will be hostile for the GBP for at least one year --- and no one could possibly predict more than a year away. so once again, well done expats -you were spot on again! |
Re: GBP crisis...yawn
Yep, I'd agree with the above. If you play the waiting game, then at the end of the day you still have your money. However, if you take the hit now, you may well kick yourself later!
|
Re: GBP crisis...yawn
Originally Posted by irish_eyes
(Post 8434306)
- if you dont need it right now - WAIT - in time it will go back up but the time involved may be longer than recent trends........
We still have issues yet to come into play in the UK. A kez one is that the public sector expansion has kept the employment numbers higher than they would otherwise (ie reduced the recessionary unemployment), however that expansion is going to turn into a contraction over the next few months (post election anyone??), if the private sector can't expand fast enough to create jobs to replace the public sector ones that will be lost then unemployment will rise again and we can all say hello to a double-dip recession. :( |
Re: GBP crisis...yawn
Originally Posted by whitesand
(Post 8434510)
Yep, I'd agree with the above. If you play the waiting game, then at the end of the day you still have your money. However, if you take the hit now, you may well kick yourself later!
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Re: GBP crisis...yawn
2 Attachment(s)
We will soon be seeing images like these:
Woman burning stacks of worthless currency in her stove for heat, Germany 1923 and Children playing with stack of worthless currency, Germany 1923 |
Re: GBP crisis...yawn
1 Attachment(s)
Here's a chart of the £ against the NZ dollar for the past 10 years.
Spot any trend? :eek: |
Re: GBP crisis...yawn
Originally Posted by rushmere
(Post 8436210)
Here's a chart of the £ against the NZ dollar for the past 10 years.
Spot any trend? :eek: ...and in 20yrs the £ will be worth nothing :eek: In other words simply being prepared to wait does not guarantee a better rate is there to be had. |
Re: GBP crisis...yawn
Originally Posted by rushmere
(Post 8436210)
Here's a chart of the £ against the NZ dollar for the past 10 years.
Spot any trend? :eek: |
Re: GBP crisis...yawn
Originally Posted by Genesis
(Post 8437275)
Its not really clear to me..can anyone help?
Crash dive Deep six is this helping?? |
Re: GBP crisis...yawn
Originally Posted by simonsi
(Post 8437280)
Free fall
Crash dive Deep six is this helping?? |
Re: GBP crisis...yawn
Originally Posted by Genesis
(Post 8437293)
..looks like a bit of a ski slope.
So taking that long term trend, waiting just means you end up further down the slope...:( |
Re: GBP crisis...yawn
Originally Posted by simonsi
(Post 8437305)
There you are, you are getting it, the 10-year trend is down, just like a ski slope, sure there are some rises that the snowboard boys would jump off but then it goes down again....
So taking that long term trend, waiting just means you end up further down the slope...:( But the thought of it being 2.30 in 6 weeks time means even more money we have lost in the last 5 years....another $40k or thereabouts. That's alot of money aye to gamble, like wise if it sinks another 20cents the loss is there if we don't act now..oh what to do?? |
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