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Search: Posts Made By: Fred James
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Forum: Spain
Oct 26th 2010, 4:48 pm
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

And today when the UK GDP figures were twice as good as the market was expecting and the GBP rose immediately and finished nearly 2.5cents up on the EUR since yesterday's low.

I don't think that...
Forum: Spain
Oct 22nd 2010, 1:18 pm
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

It is worth noting that the average rate last year was 1.12 - not much change then!
Forum: Spain
Oct 21st 2010, 9:07 pm
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

You really think that MPs might have some control over it!:confused::confused::confused:
Forum: Spain
Oct 8th 2010, 9:01 pm
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

Well that depends on what the markets make of it.

If they think it will solve all the problems then the GBP will rise - if they don't like it and think that the country will descend into anarchy...
Forum: Spain
Oct 7th 2010, 9:19 pm
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

I'm also in that situation and I'm just as paranoid as anyone else. I check the currency rates more often than the weather forecast!

The trouble is there is nothing any of us can do about it.
Forum: Spain
Oct 7th 2010, 5:21 pm
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

It depends on your point of view.

Today the GBP hit an 8 month high against the USD.

We are all paranoid about the GBP/EUR but the currency markets see it differently.

People are selling the...
Forum: Spain
Oct 6th 2010, 4:31 pm
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

It is indeed!

Everyone is selling USD and the only currency they are buying is EUR and GBP - the YEN is likely to devalue so that's not a good deal.

Unfortunately the EUR is more popular than...
Forum: Spain
Oct 3rd 2010, 8:04 am
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

It seems that Travel Money Services is part of the Crown Currency group.
Forum: Spain
Oct 3rd 2010, 7:59 am
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

It's certainly looking that way for Crown.

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/8039164/Tourists-left-without-cash-as-currency-company-falters.html
Forum: Spain
Sep 23rd 2010, 10:38 am
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

Plus the fact that if that had some that they had bought at 1.25 they would be pretty stupid to sell it at that price when no one else is giving better than 1.16.

They are there to make money...
Forum: Spain
Sep 22nd 2010, 4:39 pm
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

There is something very odd about the rates they are quoting.

They are currently looking at about 1.16 and then it suddenly jumps to 1.23 and then back down again.

The rate you quoted is higher...
Forum: Spain
Sep 22nd 2010, 2:35 pm
Replies: 193
Views: 20,798
Posted By Fred James

Re: Sterling in freefall

It's the other way round. You are looking at how many Euros you get to the pound so the bigger the number the better the deal.

The current problem is with the Dollar. It has dropped badly in the...
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