Plus quite a few commentators have started to ask exactly where this money has gone, the stock answer is to buy assets from the big financial institutions thereby injecting capital to stimulate the economy
But you try getting a definitive list of who its gone to, there isnt one.
Message posted by J&L on 05 November 2009 at 3:54pm - IP Logged
1.1119 to 1.1195 - not world changing, but not a drop either.........one of the straightest lines up on the graph for some time ......
the only point i seek to make is that it is confoundedly difficult to predict what the movements in the currency markets will be - small cchanges may not change the price of your pint much - but can be disastrous for your house purchase......
Message posted by flynnmo on 05 November 2009 at 11:59pm - IP Logged
J & L, You are so right! We were SO lucky when we bought our place. The exchange rate hit 1.49 - 1.50 just as the sale was happening.(2006) If we were trying to buy now, we wouldn't be able to afford it. Moyra
Message posted by DCV on 06 November 2009 at 12:34am - IP Logged
The pound is falling falling falling (sound like the big O!) due mainly to QE. Now £1 will get you 1.06 euros at the post office. A few weeks ago 1.18
So £100 would get you €118 now gets you €106.
Pints may be more expensive after all next year in Corfu?
Message posted by J&L on 12 November 2009 at 2:38pm - IP Logged
I just had a look at the 12-month graph on Yahoo Finance and the last time the rate was anywhere near 1.18 was in August, so hardly a few weeks ago. And, as J&L rightly says, for the last month it appears to have been on a rising trend, not falling.
So there's probably a 50/50 chance that pints could be cheaper in Corfu next summer than they were this year.
Message posted by openside on 13 November 2009 at 6:23pm - IP Logged
That's been rectified too and pound rising on Friday 13th! Two schools of thought and its difficult to know who's right. Some say virtual parity early in new year (as per 12 months ago) - others say 1.14 by then?
Message posted by NIGEL on 14 November 2009 at 12:12am - IP Logged
I can't see the point in worrying or speculating over things we have no control over!
After all no one forces us to go to the euro countries,we can always stay in the good old UK for our holidays.
OK our cash might not go as far as we would like it to,but in my opinion what we get is value for money,lovely sunny days,balmy nights and experiences and the company of lovely people we meet along the way far outweighs how many euros we get to the pound.
As my old dad used to say ''be thankful you wake up each morning''
Message posted by ElaineK (Paxos) on 14 November 2009 at 1:23am - IP Logged
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