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Pound back up around 1.20 again

Pound back up around 1.20 again

Old Jun 1st 2010, 12:15 pm
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Default Pound back up around 1.20 again

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Old Jun 1st 2010, 12:19 pm
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Default Re: Pound back up around 1.20 again

Why and where now then????

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Old Jun 1st 2010, 12:25 pm
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Default Re: Pound back up around 1.20 again

Who cares why?
Just hope it continues going up.
Bit of extra cash for a lot of retired folks. An extra G&T or two.

Pos something to do with rumours of Greece wanting to leave the euro or maybe Germany wanting to leave the euro. Who knows. Can't so anything about it so don't worry about it.
Ice in that?
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Old Jun 1st 2010, 12:52 pm
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Default Re: Pound back up around 1.20 again

quick quick, buy my house before it goes down again
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Old Jun 1st 2010, 1:01 pm
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Default Re: Pound back up around 1.20 again

I’m an optimist, since January, 2009, I’ve had a 20% pay rise. Please don’t mention the 30% fall before that.
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Old Jun 1st 2010, 1:39 pm
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Default Re: Pound back up around 1.20 again

[QUOTE=billgates;8603589]Who cares why?
Just hope it continues going up.
Bit of extra cash for a lot of retired folks. An extra G&T or two.

And a bit less cash for us working folks, who still have to send money back to the UK.
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Old Jun 1st 2010, 2:12 pm
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Default Re: Pound back up around 1.20 again

But the reason why matters cos it depends if its gonna continue to go up or go down again???

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Old Jun 1st 2010, 2:34 pm
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Default Re: Pound back up around 1.20 again

[QUOTE=Zaragozaram;8603740]
Originally Posted by billgates
Who cares why?
Just hope it continues going up.
Bit of extra cash for a lot of retired folks. An extra G&T or two.

And a bit less cash for us working folks, who still have to send money back to the UK.
Ha Ha, but a bit more cash for us working folks who still get paid in GBP.

You've had it good for the last couple of years with near parity between the Euro and GBP but in real terms it's meant a 30% paycut for many of us.

Can't see it lasting though. Not with the state of the UK's finances. Still, we can always dream about the good old days of 1.50€ to the pound.
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Old Jun 1st 2010, 2:39 pm
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Default Re: Pound back up around 1.20 again

[QUOTE=billgates;8603847]
Originally Posted by Zaragozaram


Can't see it lasting though. Not with the state of the UK's finances. Still, we can always dream about the good old days of 1.50€ to the pound.
The UKs finances arent any worse than anyone elses - including germany and france who seem to keep their problems it well hidden. At least the UK has admitted the problem and are on the way to rectifying it!!?

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Old Jun 1st 2010, 3:00 pm
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Default Re: Pound back up around 1.20 again

The GBP went up against the USD today - the EUR less so - the result is that the GBP went up against the EUR. It hit 1.2 today but has dropped since -probably speculators taking their profit.

What will happen - who knows - if I did I would soon be a millionaire!

The EUR is not popular at the moment for many reasons, particularly Greece and more recently the Spanish credit downgrade and Spanish banking problems.

The whole thing is so volatile you have to take the decisions to buy/sell on a daily basis. I bought Euros last week at 1.75. If it goes over 1.2 tomorrow I will buy some more. I can live very well if I can maintain a rate near 1.2 - being on a UK pension income in GBP, parity gives me nightmares!
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Old Jun 1st 2010, 10:26 pm
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Default Re: Pound back up around 1.20 again

Originally Posted by Fred James
The GBP went up against the USD today - the EUR less so - the result is that the GBP went up against the EUR. It hit 1.2 today but has dropped since -probably speculators taking their profit.

What will happen - who knows - if I did I would soon be a millionaire!

The EUR is not popular at the moment for many reasons, particularly Greece and more recently the Spanish credit downgrade and Spanish banking problems.

The whole thing is so volatile you have to take the decisions to buy/sell on a daily basis. I bought Euros last week at 1.75. If it goes over 1.2 tomorrow I will buy some more. I can live very well if I can maintain a rate near 1.2 - being on a UK pension income in GBP, parity gives me nightmares!
Seemingly it went up because of the failure of the PRU deal with AIG? all I know is for once possibly the only time it went upe on exactly the day off my monthly transfer so not complaining.
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Old Jun 2nd 2010, 9:50 am
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Default Re: Pound back up around 1.20 again

Originally Posted by bobd22
Seemingly it went up because of the failure of the PRU deal with AIG?
Pru converted 35 billion GBP into USD to do the deal but now there is no deal it is converting back to sterling which is causing a temporary rise in the pound.
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Old Jun 2nd 2010, 1:36 pm
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Default Re: Pound back up around 1.20 again

The pound is still rising, and I don't know or care why.

I remember Thatcher saying, 'I like a strong pound.'

So do I.
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Old Jun 2nd 2010, 1:46 pm
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Default Re: Pound back up around 1.20 again

Originally Posted by HBG
The pound is still rising, and I don't know or care why.

I remember Thatcher saying, 'I like a strong pound.'

So do I.
SHHHHH you know what happens when everbody gets excited
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Old Jun 2nd 2010, 2:19 pm
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Default Re: Pound back up around 1.20 again

"the experts" reckon that the rise is a temporary blip sadly!!

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