Pound slumps again..
 

Down to 1.17, wasn't it at 1.25 last year? :thumbdown:
Should we prepare for parity?

Re: Pound slumps again..
 

with what ?
the zloty ?

`

Re: Pound slumps again..
 

To the beliguered ( according to Tories ,anyway ) EUro !
And to the catastrophic US $ , Ozzie & Can$$$$ , SA Rand , Yen , SwissGr and anything else of less self-important propaganda value...

Re: Pound slumps again..
 

as I have said elsewhere, it is pimply faced "currency traders" trying to increase their bonuses before the end of the tax year so they can get a new car.

send them back to dealing in pork belly slices.

Re: Pound slumps again..
 

Yes they have now turned their attention to the £. Just wonder though how the strengthening of the Euro will help the likes of Spain that are not doing too well? People those that can afford them, be looking at booking holidays around now, strong Euro may well push them towards All Inclusive in Turkey for their sun? We are back in the wait and see situation.

Re: Pound slumps again..
 

With the footsie up over 2,200, those with investments are sitting pretty. ;) It can drop all it wants as long as the footsie keeps heading north. Big decision now, cash in having done very well, or stay for the ride

Re: Pound slumps again..
 

Read that private pensions linked to stocks etc could be up 20% next year. Euro is strengthening, last thing the PIIGS need:ohmy:

Re: Pound slumps again..
 

The Spanish Ibex is up from below 6000 points last July to 8700 points now. Doesn't stop us all losing money when we change pounds into Euros.
Still, Russian newcomers and the Spanish export growth may compensate for the loss in Brits spending :unsure:

Re: Pound slumps again..
 

I wonder if the average tourist looks at exchange rates before booking his holiday?

Re: Pound slumps again..
 

Possibly not, but I look at the rate and compare the cost of buying goods from Spain or UK.
I have to balance exchange rates against freight costs + the time factor.

Re: Pound slumps again..
 

Probably not just complain that it is not as cheap as they thought when they get there. However the falling pound is now being highlighted in Newspapers and TV news and that may well make a difference.

Re: Pound slumps again..
 

Euro strengthening certainly won't help the likes of Spain Greece etc exports, no doubt the £ strengthening last year affected UK's exports which had allegedly improved but are now allegedly on the decline although not cars seemingly although Honda are laying people off due to lack of sales, all seems pretty straightforward? Keep Calm and Carry On!

Re: Pound slumps again..
 

It always amazes me seeing people buying their currency at the airport on the way out.

Re: Pound slumps again..
 

I'll be interested to see the annual statement for my private pension fund when it arrives towards the end of the year then - on the last one, although the value of the fund had increased by more than 10%, the amount of projected pension I can expect to receive had gone down. Good trick that, isn't it? If annuity rates keep falling because of QE and increased life expectancy, better stock market performance will be negated.:frown:

Re: Pound slumps again..
 

As regards cars, Europe is the biggest outlet I think for Honda UK, and of course most of the EU is skint. So no surprises that sales are dropping. Spain´s sales of cars last year was the same as Morocco, down around 8-10%.
http://www.abc.es/20120601/economia/...206011119.html
Jaguar Land Rover on the other hand, is doing good, another 800 jobs to be created, sales especially to China are at record numbers. That's where the future lies, the EU will be bumping along the bottom for many years to come.