GB pound weakening
#76
Forum Regular
Joined: Oct 2007
Location: Rugby
Posts: 290
Re: GB pound weakening
It is said Euope as a whole is going to have to cut interest rates and the £ will then improve. Hope it happens before I come over to Spainin mid January!
#77
Re: GB pound weakening
ECB President Trichet has hinted on BBC interview that there will not be a further rate cut in January as previous cuts are still to take effect.This is typical ECB speak. They drop hints so market gets the gist and is not surprised come rate decision time.
#78
Re: GB pound weakening
ECB President Trichet has hinted on BBC interview that there will not be a further rate cut in January as previous cuts are still to take effect.This is typical ECB speak. They drop hints so market gets the gist and is not surprised come rate decision time.
http://news.bbc.co.uk/1/hi/business/7772766.stm
#79
Breaking news 10 Dec 2008
It now seems that the pound has hit a all time low against the Euro...time for the UK to join us in Euroland maybe?
#81
Just Joined
Joined: Dec 2008
Posts: 22
Re: GB pound weakening
I have been wanting to cry for days now as our livelihood depends on it, but each time I think I'm better of saving my tears for the next day...
#83
Just Joined
Joined: Dec 2008
Posts: 22
Re: GB pound weakening
And what will it be after Xmas when all the money is spent up!
#84
Re: GB pound weakening
Quick poll:
Who believes that the exchange rate will be 1 GBP : 1 Euro or less within the next 3 months?
I'll keep tally.
Who believes that the exchange rate will be 1 GBP : 1 Euro or less within the next 3 months?
I'll keep tally.
#85
Re: GB pound weakening
http://www.dailymail.co.uk/news/arti...-year-low.html
http://business.timesonline.co.uk/to...cle5321228.ece
http://www.telegraph.co.uk/finance/e...-since-80.html
A look at todays papers..........11th December 08.
http://business.timesonline.co.uk/to...cle5321228.ece
http://www.telegraph.co.uk/finance/e...-since-80.html
A look at todays papers..........11th December 08.
Last edited by poshnbucks; Dec 11th 2008 at 1:07 am.
#86
Lost in BE Cyberspace
Joined: Feb 2008
Posts: 5,588
Re: GB pound weakening
http://www.dailymail.co.uk/news/arti...-year-low.html
http://business.timesonline.co.uk/to...cle5321228.ece
http://www.telegraph.co.uk/finance/e...-since-80.html
A look at todays papers..........11th December 08.
http://business.timesonline.co.uk/to...cle5321228.ece
http://www.telegraph.co.uk/finance/e...-since-80.html
A look at todays papers..........11th December 08.
#87
Just Joined
Joined: Feb 2008
Posts: 7
Re: GB pound weakening
Here is a thought for you, if you are earning in Spain or getting investments in Euros is now not a good time to convert your Euros back into Pounds and wait for the exchange rate to go back to 1.29 with luck and then convert it back again. Especially if there are no transfer fees involved which a few of the banks are promoting
#88
BE Forum Addict
Joined: May 2004
Location: Guadalhorce Valley, Málaga
Posts: 1,059
Re: GB pound weakening
Yes, exactly, but you need to anticipate the trough. I was all set to change a fairly large amount of euros into sterling on Friday but I had a problem accessing my bank account online and couldn't do it. I'm glad because the pound has since dropped another four céntimos and is currently standing at just over €1,12 to £1.
Soume tourist rates are already at parity!
Soume tourist rates are already at parity!
#89
Re: GB pound weakening
Here is a thought for you, if you are earning in Spain or getting investments in Euros is now not a good time to convert your Euros back into Pounds and wait for the exchange rate to go back to 1.29 with luck and then convert it back again. Especially if there are no transfer fees involved which a few of the banks are promoting
My guess is that you will never see as much as that for your GBP again. Remember, since the introduction of the euro all those years ago, the pound has been on a fairly continuous downwards slide with no significant peaks to mention whatsoever. Thus far it has been a one-way street.
#90
Just Joined
Joined: Feb 2008
Posts: 7
Re: GB pound weakening
It went up a few weeks ago back to around 1.27 before falling back again to 1.18 and now lower. If our politicians get it right and keep their mouths shut at the same time it could happen again. Here is hoping