Go Back  British Expats > Living & Moving Abroad > Middle East > The Sand Pit
Reload this Page >

And the pound collapses........

And the pound collapses........

Thread Tools
 
Old May 10th 2010, 3:45 am
  #46  
Lost in BE Cyberspace
Thread Starter
 
Joined: Jul 2007
Posts: 13,553
The Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond reputeThe Dean has a reputation beyond repute
Default Re: And the pound collapses........

Originally Posted by Meow


You really do sound like the Daily Mail

It fell further due to idiotic individual investors panicking as they always do. And the certainty of uncertainty. And because most of the city was optimistically hoping for a Conservative victory and didn't get it.

The country is a mess and it just isn't going to get better for ages. Very depressing.

-
"Individual investors" do not move the exchange rate between two of the world's most important currencies by 3.3% in 18 hours. Anyway, no matter.

I agree that the country is in a mess now - look at my latest post in the General Election thread, for the UKIP leader's view on how it could all have been avoided.
The Dean is offline  
Old May 10th 2010, 6:31 am
  #47  
Remember
 
Desert Dweller's Avatar
 
Joined: Oct 2003
Location: The Land of Sindbad
Posts: 1,275
Desert Dweller has a reputation beyond reputeDesert Dweller has a reputation beyond reputeDesert Dweller has a reputation beyond reputeDesert Dweller has a reputation beyond reputeDesert Dweller has a reputation beyond reputeDesert Dweller has a reputation beyond reputeDesert Dweller has a reputation beyond reputeDesert Dweller has a reputation beyond reputeDesert Dweller has a reputation beyond reputeDesert Dweller has a reputation beyond reputeDesert Dweller has a reputation beyond repute
Default Re: And the pound collapses........

Originally Posted by Meow


You really do sound like the Daily Mail

It fell further due to idiotic individual investors panicking as they always do. And the certainty of uncertainty. And because most of the city was optimistically hoping for a Conservative victory and didn't get it.

The country is a mess and it just isn't going to get better for ages. Very depressing.

-
Those are reasons for the collapse. Though it is not a total collapse, it is a collapse nonetheless.

I'm seriously thinking about selling the house in Hong Kong and exchanging to pounds- I'd make a killing!
Desert Dweller is offline  
Old May 10th 2010, 11:58 am
  #48  
BE Forum Addict
 
Joined: Jun 2008
Location: Abu Dhabi by body and Sydney by soul
Posts: 1,841
al dente has a reputation beyond reputeal dente has a reputation beyond reputeal dente has a reputation beyond reputeal dente has a reputation beyond reputeal dente has a reputation beyond reputeal dente has a reputation beyond reputeal dente has a reputation beyond reputeal dente has a reputation beyond reputeal dente has a reputation beyond reputeal dente has a reputation beyond reputeal dente has a reputation beyond repute
Default Re: And the pound collapses........

Same here: sell house in Sydney, move cash to the UK for 6 months, hope that currency rates improve and house prices crash in Oz simultaneously, then move money back and buy el mansione!
al dente is offline  
Old May 10th 2010, 7:10 pm
  #49  
Banned
 
Joined: May 2008
Location: Lagrange 2
Posts: 1,507
Bijilo123 has a reputation beyond reputeBijilo123 has a reputation beyond reputeBijilo123 has a reputation beyond reputeBijilo123 has a reputation beyond reputeBijilo123 has a reputation beyond reputeBijilo123 has a reputation beyond reputeBijilo123 has a reputation beyond reputeBijilo123 has a reputation beyond reputeBijilo123 has a reputation beyond reputeBijilo123 has a reputation beyond reputeBijilo123 has a reputation beyond repute
Default Re: And the pound collapses........

I have faith and so shifted some money from Kuwait to my Euro ac because of the relative positions of those currencies with Sterling.

I just wish that Malibu Ken would come to our rescue and save the world.
Bijilo123 is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.