Exchange Rate Today
Jan 23rd 2009, 4:24 am
#136
BE Forum Addict
Joined: Jul 2007
Posts: 1,583
Re: Exchange Rate Today
$1.38890 sterling continued to plunge today and Jim Rogers, who co-founded the Quantum fund with George Soros, the billionaire investor, told Bloomberg: “I would urge you to sell any sterling you might have. It’s finished. I hate to say it, but I would not put any money in the UK”. over fears that the Government's borrowing levels may exceed £118 billion, equal to 8 per cent of national income, for the next financial year
Unlike the dollar and the euro, though, sterling does not enjoy the backing of a large economic area, nor the status of a "reserve currency", its banking sector is unusually large in relation to national GDP (400 to 450 per cent), and the UK economy is forecast, by the IMF and others, to be due for the biggest contraction of any major advanced economy in 2009.
http://www.independent.co.uk/news/bu...d-1452384.html
Jan 23rd 2009, 9:52 am
#137
gurt mint nit?
Joined: Nov 2007
Location: In my shed
Posts: 2,776
Re: Exchange Rate Today
A question to those who'd like to retire / have a 2nd place back home:
Lets say for sake of argument that the exchange rate goes to 1:1.
It could happen.
House prices literally nose-dive.
In a perfect storm.
What would you do?
Take the opportunity and risk, to get a second home in England?
A lot'd depend on work here, but it is very, very appealing.
If it happens - and the probablility of this happening looks better all the time.
Lets say for sake of argument that the exchange rate goes to 1:1.
It could happen.
House prices literally nose-dive.
In a perfect storm.
What would you do?
Take the opportunity and risk, to get a second home in England?
A lot'd depend on work here, but it is very, very appealing.
If it happens - and the probablility of this happening looks better all the time.
Jan 23rd 2009, 10:11 am
#138
BE Forum Addict
Joined: Apr 2004
Location: CHELTENHAM, Gloucestershire, England
Posts: 1,494
Re: Exchange Rate Today
Daily Telegraph, London - 23/01/09
WHAT'S REALLY WRONG WITH STERLING?
At this rate the pound Sterling will soon be worth less than a single smartie, or, in American, - a jellybean.
http://www.telegraph.co.uk/finance/f...-Sterling.html
WHAT'S REALLY WRONG WITH STERLING?
At this rate the pound Sterling will soon be worth less than a single smartie, or, in American, - a jellybean.
http://www.telegraph.co.uk/finance/f...-Sterling.html
Jan 23rd 2009, 10:52 am
#139
In the pink
Joined: Oct 2006
Location: USA
Posts: 3,324
Re: Exchange Rate Today
$1.35 this morning.
Jan 23rd 2009, 11:01 am
#140
Banned
Joined: Oct 2004
Location: Santa Monica,CA from Birmingham, UK
Posts: 18,402
Jan 23rd 2009, 1:24 pm
#141
BE Forum Addict
Joined: Aug 2004
Location: Tampa, FL
Posts: 3,338
Re: Exchange Rate Today
Now might be a good time to take a holiday over there, methinks!
