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pound / Dollar - $1.95 today

pound / Dollar - $1.95 today

Old Nov 28th 2006, 7:35 pm
  #1  
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Default pound / Dollar - $1.95 today

Time to sell my UK house That's up 40% from the 1.4 money rate I sent over 5 years back Plus the House price has gone up more than friggin US properties (here in GA)...

bets on whether it'll be $2 to the pound...
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Old Nov 28th 2006, 7:42 pm
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Default Re: pound / Dollar - $1.95 today

Originally Posted by franc11s
Time to sell my UK house That's up 40% from the 1.4 money rate I sent over 5 years back Plus the House price has gone up more than friggin US properties (here in GA)...

bets on whether it'll be $2 to the pound...
Holy sh** and I'm selling my US house. at this rate I'll be able to buy a weeks worth of groceries with the proceeds in Blighty.
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Old Nov 28th 2006, 7:49 pm
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Default Re: pound / Dollar - $1.95 today

the toruist rate for mortals in the UK is still only 1.85, so thats not too bad

Sending money back though will be worse I guess!!
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Old Nov 28th 2006, 7:51 pm
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Default Re: pound / Dollar - $1.95 today

Originally Posted by franc11s
Time to sell my UK house That's up 40% from the 1.4 money rate I sent over 5 years back Plus the House price has gone up more than friggin US properties (here in GA)...

bets on whether it'll be $2 to the pound...
I've already said and its documented in BE ...someplace..that it'll hit 42 to the GBP by May next year. Ray, however, said I was a wanker for thinking that.
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Old Nov 28th 2006, 7:54 pm
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Default Re: pound / Dollar - $1.95 today

Originally Posted by franc11s
Time to sell my UK house That's up 40% from the 1.4 money rate I sent over 5 years back Plus the House price has gone up more than friggin US properties (here in GA)...

bets on whether it'll be $2 to the pound...
and I need to convert some $$ to Sterling too
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Old Nov 28th 2006, 7:55 pm
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Default Re: pound / Dollar - $1.95 today

the american economy is tanking, in case none of you noticed. 2007 u will be in a recession.
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Old Nov 28th 2006, 8:03 pm
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Default Re: pound / Dollar - $1.95 today

Originally Posted by moving2montreal
the american economy is tanking, in case none of you noticed. 2007 u will be in a recession.

well rounded arguement, well done!
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Old Nov 28th 2006, 8:07 pm
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Default Re: pound / Dollar - $1.95 today

Originally Posted by moving2montreal
the american economy is tanking, in case none of you noticed. 2007 u will be in a recession.
But the Dow is at record highs!
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Old Nov 28th 2006, 8:07 pm
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Default Re: pound / Dollar - $1.95 today

Originally Posted by Big D
well rounded arguement, well done!
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Old Nov 28th 2006, 8:07 pm
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Default Re: pound / Dollar - $1.95 today

Originally Posted by Big D
well rounded arguement, well done!
this was written in august.
http://observer.guardian.co.uk/busin...838081,00.html
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Old Nov 28th 2006, 8:09 pm
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Default Re: pound / Dollar - $1.95 today

Originally Posted by Dan725
But the Dow is at record highs!
the dow has been inflated by liquid injections into the market by the federal reserve. greenspan used this tactic a lot also. ferdanke is pretty much using the same rule book. also, stock prices are inflated by companies buying back their own stocks to jack up the prices. please note the high prices of an ounce of gold. investors buy gold in recessions, because the dollar loses value quickly. combines the housing slump, walmarts poor black friday numbers (largest retailer in the USA), negative personal savings rate and you get a poor economy.
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Old Nov 28th 2006, 8:35 pm
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Default Re: pound / Dollar - $1.95 today

Originally Posted by Rushman
I've already said and its documented in BE ...someplace..that it'll hit 42 to the GBP by May next year. Ray, however, said I was a wanker for thinking that.
42 ???
Jaysus - I'll never be able to afford to go back.
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Old Nov 28th 2006, 9:04 pm
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Default Re: pound / Dollar - $1.95 today

Biggest losers = chinese
Biggest winners = Americans
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Old Nov 28th 2006, 9:58 pm
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Default Re: pound / Dollar - $1.95 today

Originally Posted by moving2montreal
the dow has been inflated by liquid injections into the market by the federal reserve. greenspan used this tactic a lot also. ferdanke is pretty much using the same rule book. also, stock prices are inflated by companies buying back their own stocks to jack up the prices. please note the high prices of an ounce of gold. investors buy gold in recessions, because the dollar loses value quickly. combines the housing slump, walmarts poor black friday numbers (largest retailer in the USA), negative personal savings rate and you get a poor economy.
Nail on the head with the gold. The price of gold is all you need to watch, when Wall street is on the up and up, that's where people invest. As soon as Wall street starts to look shaky, people invest in something with a lower profit but a guaranteed steady value just to ride the storm. i.e. gold.
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Old Nov 29th 2006, 3:30 am
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Default Re: pound / Dollar - $1.95 today

Originally Posted by moving2montreal
the american economy is tanking, in case none of you noticed. 2007 u will be in a recession.
But you will be in Montreal :scared:

I'll take my chances with the recession thanks.
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