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Pound's doing well.

Pound's doing well.

Old Jun 2nd 2010, 8:04 am
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Default Pound's doing well.

Its been as high as 2.18 today. Over 1.20 agin the euro!!!
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Old Jun 2nd 2010, 8:10 am
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Default Re: Pound's doing well.

I wouldn't say $2:18 is doing "well" .... but it is an improvement

Once it gets back over $2:75 then I'll say its doing well.
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Old Jun 2nd 2010, 8:46 am
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Default Re: Pound's doing well.

Originally Posted by Robbie2010 View Post

Once it gets back over $2:75 then I'll say its doing well.
Not in our lifetime!
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Old Jun 2nd 2010, 8:51 am
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Default Re: Pound's doing well.

Originally Posted by sirplug View Post
Not in our lifetime!
You, never know!!! Lets be positive!!!
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Old Jun 2nd 2010, 8:51 am
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Default Re: Pound's doing well.

18 months
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Old Jun 2nd 2010, 8:47 pm
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Default Re: Pound's doing well.

Sounds like a bet and a poll
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Old Jun 2nd 2010, 8:59 pm
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Default Re: Pound's doing well.

Genesis - please, with all due respect .....SHUT UP! Everytime you mention the pound value on a post you jinx it.......it's gone down since you posted ....AGAIN
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Old Jun 3rd 2010, 12:30 am
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Default Re: Pound's doing well.

Originally Posted by Wooly_Cow View Post
Genesis - please, with all due respect .....SHUT UP! Everytime you mention the pound value on a post you jinx it.......it's gone down since you posted ....AGAIN
I think it's just found it's new natural level......
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Old Jun 3rd 2010, 12:41 am
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Default Re: Pound's doing well.

Originally Posted by sirplug View Post
I think it's just found it's new natural level......
...so you're discounting the Genesis 'Jonah' impact
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Old Jun 3rd 2010, 1:08 am
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Default Re: Pound's doing well.

Originally Posted by Wooly_Cow View Post
Genesis - please, with all due respect .....SHUT UP! Everytime you mention the pound value on a post you jinx it.......it's gone down since you posted ....AGAIN

All received. I'll get my coat.
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Old Jun 3rd 2010, 2:05 am
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Default Re: Pound's doing well.

I dont want it to do well.
I'm now much more interested in how the kiwi does
than the state of the pound.
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Old Jun 3rd 2010, 4:04 am
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Default Re: Pound's doing well.

Originally Posted by colandros View Post
I dont want it to do well.
I'm now much more interested in how the kiwi does
than the state of the pound.
The only reason I have any interest in the GBP is because we have a few quid over there. One assumes you too would have an interest if you has some pounds. Anyways if you are interested in the kiwi you WOULD want it to go down in value as an over inflated currency is no good for any country. Just now its around 25% overvalued. That makes our exports stupidly expensive and is bound to have a negative effect on tourism or how much folk spend when they get here.

But I accept that the ONLY reason I have any interest in the GBP is because of the money we have in the UK. Once it has all gone like you I could not give a monkey's.
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Old Jun 3rd 2010, 5:33 am
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Default Re: Pound's doing well.

Originally Posted by colandros View Post
I'm now much more interested in how the kiwi does
than the state of the pound.
Ditto!
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Old Jun 3rd 2010, 5:48 am
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Default Re: Pound's doing well.

Originally Posted by sirplug View Post
Ditto!
Why planning on leaving New Zealand?

A strong currency will make your spending money overseas when you go on holiday go a little further BUT there is no evidence that the higher purchasing power brings down the price of imported goods in New Zealand. Good example is petrol ...anyone seen the price at the pumps go down because of the recent strong dollar...or the cost of imported cars for that matter.

All it will do is make the cost of Kiwi exports more expensive, and make New Zealand less attractive as a tourist destination. As both exported produce and tourism are mainstays of the Kiwi economy a strong dollar will only impact this negatively. In the long term this means jobs.

So apart from saving you a few dollars when you go to Oxford Street shopping or Dinseyland I can’t see the major benefits to anyone having an overly strong currency….and don’t say you can personally import stuff cheaper because anything over $200 will get stung for import duties! So you can’t bring back a suitcase full of cheap US jeans or British Pork Pies.

Sure it makes you feel richer, but unless you up and leave, you’ll never realise that wealth.

Anyone remember what happened to the last remote island with an over inflated currency and relatively high interest rates???
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Old Jun 3rd 2010, 8:46 am
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Default Re: Pound's doing well.

Originally Posted by Wooly_Cow View Post
Why planning on leaving New Zealand?

A strong currency will make your spending money overseas when you go on holiday go a little further BUT there is no evidence that the higher purchasing power brings down the price of imported goods in New Zealand. Good example is petrol ...anyone seen the price at the pumps go down because of the recent strong dollar...or the cost of imported cars for that matter.

All it will do is make the cost of Kiwi exports more expensive, and make New Zealand less attractive as a tourist destination. As both exported produce and tourism are mainstays of the Kiwi economy a strong dollar will only impact this negatively. In the long term this means jobs.

So apart from saving you a few dollars when you go to Oxford Street shopping or Dinseyland I can’t see the major benefits to anyone having an overly strong currency….and don’t say you can personally import stuff cheaper because anything over $200 will get stung for import duties! So you can’t bring back a suitcase full of cheap US jeans or British Pork Pies.

Sure it makes you feel richer, but unless you up and leave, you’ll never realise that wealth.

Anyone remember what happened to the last remote island with an over inflated currency and relatively high interest rates???
Well said. My sentiments exactly. I have no idea why some folk think the kiwi being madly overvalued is any good for them (or for the country which is NOT the case), apart from them cashing in all their kiwi $ to leave the country (or to go on a foreign holiday) there is no value in the current situation for NZ with the overvalued kiwi currency. I would be ecstatic about an overvalued kiwi $ from a personal stand point if I was leaving NZ or going on vacation. Just like my current position, I want to pound to gain value to increase the value of the money in GB I eventualy bring to NZ.

Last edited by Genesis; Jun 3rd 2010 at 8:50 am.
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