encodeme

Many thanks for the tips. We need to scratch out the best rates possible, especially since the interest rates and hence most pensioners top up accounts are a dwindling cash resource!

jurdyr

yes it going in a good way for some but the news was told it going to get bad again when the EBU dose it rate cut on the 14 coming

it sould go back to 91 - 95 again , coming for good mate in BDO Simpson Xavie

poshnbucks

Za Euro e doomed ya ya ya

poshnbucks

http://newsvote.bbc.co.uk/2/shared/f...elve_month.stm

Its up again

johnny13

You may as well forget the pound now. Fix your sights on the euro.

Chiclanagir

Why????

encodeme

On what basis is this little snippet of advice based?

EsuriJohn

Just thought this deserves a new look. The single currency has begun losing ground to the pound again this morning, it is pressured by a deepening recession and the prospect of eurozone countries being downgraded by Standard and Poor’s. The British economy is not faring much better than the eurozone, but much of the negative outlook for the UK has already been factored into the pound.

So do we think it will make 1.20 by June?

encodeme

I would still not be suprised if its in that bracket by the end of February.
There is still so much gloom to come out of the Eurozone.
The Irish have had to rescue the Anglo Ireland bank today....plenty more to come.

Chiclanagir

How much were the euro rates cut by yesterday, does anyone know?

bigglesworth

Rate cuts a bit technical. Half a percent was the announced cut but (so down to 2 per cent) but they cut the overnight rate to 1 percent.
I too think sterling should still rally. 1.20 or even 1.30.
In the mid to long term, this has been a massive improvement in Britain's trading stance, even with this rally, trade weighted is still 20 or 25 percent off. Just so long as the Government does not cock it up again. (Which is always wishful thinking with Governments).
Keep your fingers crossed.

Chiclanagir

Because of the weak pound we have started shopping in Gib and have found it cheaper, i.e. cheese at 1.99 for Irish mature cheddar, Mercadona at 4.80 euros. Fuel cheaper too.

steviedeluxe

There are news reports stating that the UK government is going to underwrite £200 billion of bad bank debts. If this is true, the downslide in the pound could accelerate. We could be looking at banana republic material :curse::curse::curse:

bigglesworth

They are not necessarily underwriting. So it may not be that bad (although I do agree it could be. The real problem is Gordon's (i.e our) debts. there does not seem to be much of a choice here - so long as the rest of the world will continue to lend us money.
Trouble is, Gordon and his Darling show no signs of understanding that this money has to be repaid. So the rest of the world might well, given the stratospheric levels of debt Gordon ran up as Chancellor, simply close our account.
After all, lending money to this bunch is like giving money to an alcoholic. You know what he is going to do with it. You just don't know what wall he will use.

Helpful-Bob

Oh dear What has darling said today? The pound has drifted a little.