The exchange rate £1=$1.15
#1
The exchange rate £1=$1.15
How low can it go, it has to suck if you are paid pensions etc in pounds, awesome if you planning a trip over in the future.
#2
Sad old Crinkly Member
Joined: Oct 2003
Location: Tallahassee, Florida
Posts: 807
Re: The exchange rate £1=$1.15
My Navy pensions are paid in $ direct to my US bank..
Assuming its going to be a bad few months.
Assuming its going to be a bad few months.
#4
BE Forum Addict
Joined: Aug 2013
Location: Athens GA
Posts: 2,134
Re: The exchange rate £1=$1.15
In March 1985 £1 = $1.08. Five years earlier it was $2.40!
#6
Re: The exchange rate £1=$1.15
If the UK buy to let business implodes the BOE might have to print some more money.
#8
BE Forum Addict
Joined: Dec 2005
Location: Colorado Springs
Posts: 1,214
Re: The exchange rate £1=$1.15
IIRC $1 CAD was $0.65 at some point in 2002. Then gas prices skyrocketed.
#9
Re: The exchange rate £1=$1.15
It might be physically possible, but I wonder if it will be financially possible. I can see just a few airlines and very high prices.
#10
Account Closed
Joined: Jan 2006
Posts: 0
Re: The exchange rate £1=$1.15
Times like this I wish I had the ability to invest into US dollars, they would come in handy right now.
#11
Account Closed
Joined: Jan 2006
Posts: 0
Re: The exchange rate £1=$1.15
#12
Re: The exchange rate £1=$1.15
If half, or more, of the global fleet is mothballed, a new airline could buy up aircraft for not much more than the scrap value of their weight in aluminum, in a world where there is low demand for aircraft, and offer tickets at a decent price. It is possible, whether it will happen, and when, is a whole other matter!
#13
Re: The exchange rate £1=$1.15
If half, or more, of the global fleet is mothballed, a new airline could buy up aircraft for not much more than the scrap value of their weight in aluminum, in a world where there is low demand for aircraft, and offer tickets at a decent price. It is possible, whether it will happen, and when, is a whole other matter!
#14
BE Forum Addict
Joined: Dec 2005
Location: Colorado Springs
Posts: 1,214
Re: The exchange rate £1=$1.15
If half, or more, of the global fleet is mothballed, a new airline could buy up aircraft for not much more than the scrap value of their weight in aluminum, in a world where there is low demand for aircraft, and offer tickets at a decent price. It is possible, whether it will happen, and when, is a whole other matter!
7 billion - 1% is still pretty much 7 billion. And those that traveled by plane 'before' want to travel again sooner or later.
The names of these airlines offering service are likely to be unrecognizable to what we know now. D
#15
Forum Regular
Joined: Aug 2011
Posts: 211
Re: The exchange rate £1=$1.15
If half, or more, of the global fleet is mothballed, a new airline could buy up aircraft for not much more than the scrap value of their weight in aluminum, in a world where there is low demand for aircraft, and offer tickets at a decent price. It is possible, whether it will happen, and when, is a whole other matter!