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-   -   And the pound collapses........ (https://britishexpats.com/forum/sand-pit-116/pound-collapses-667213/)

The Dean May 9th 2010 3:45 pm

Re: And the pound collapses........
 

Originally Posted by Meow (Post 8553286)
:(

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. :(

Desert Dweller May 9th 2010 6:31 pm

Re: And the pound collapses........
 

Originally Posted by Meow (Post 8553286)
:(

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!

al dente May 9th 2010 11:58 pm

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!

Bijilo123 May 10th 2010 7:10 am

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.


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