dface Posted January 20, 2009 Share Posted January 20, 2009 GBP-USD: 1.436 GBP-EUR: 1.097 Quote Link to comment Share on other sites More sharing options...
Uriah Heap Posted January 20, 2009 Share Posted January 20, 2009 Money talks. The pound currently says 'oh my botty is sore'. Quote Link to comment Share on other sites More sharing options...
Guest sillybear2 Posted January 20, 2009 Share Posted January 20, 2009 1.42 v. USD £ has been ripped a new one, a new low that is Quote Link to comment Share on other sites More sharing options...
zinny01 Posted January 20, 2009 Share Posted January 20, 2009 (edited) Testing support levels last seen in 2001 and 1992 @$1.42. If it breaks $1.40 / $1.39 it is all the way to $1.10 in a quick fashion. Edited January 20, 2009 by zinny01 Quote Link to comment Share on other sites More sharing options...
Guillotine Posted January 20, 2009 Share Posted January 20, 2009 Testing support levels last seen in 2001 and 1992 @$1.42. If it breaks $1.40 / $1.39 it is all the way to $1.10 in a quick fashion. Is there a nine year cycle, or are the Government a bunch of clowns?? The weakest US economy since the thirties, and our currency poised to lose 50% of it's value against theirs!! Quote Link to comment Share on other sites More sharing options...
zinny01 Posted January 20, 2009 Share Posted January 20, 2009 Yikes http://foreign-exchange.freehyperspace2.com/gbpusd_off.htm Quote Link to comment Share on other sites More sharing options...
50%deposit Posted January 20, 2009 Share Posted January 20, 2009 yaaaaaaaaaaaay!!!!!!!!!!!! Quote Link to comment Share on other sites More sharing options...
tinyboytim Posted January 20, 2009 Share Posted January 20, 2009 1.4110 as I write Quote Link to comment Share on other sites More sharing options...
Le garçon Posted January 20, 2009 Share Posted January 20, 2009 Inflation figures, due to be released today, are expected to go down a lot (from >4% to 2.7%), and if that is true, BoE is more likely to cut interest rate again next month. That is why the sterling is going down ... again Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted January 20, 2009 Share Posted January 20, 2009 Inflation figures, due to be released today, are expected to go down a lot (from >4% to 2.7%), and if that is true, BoE is more likely to cut interest rate again next month. That is why the sterling is going down ... again I think what is likely to happen is that the inventory rundown phase - which we are now in where excess stock bought / book for production from long ago in many cases gets bled through the system then the collapse in the sterling (for that is what it is now) in combination with the quantitative easing will unleash a round of inflation. Knowing our luck it will be timed with the low in the commodity markets. Whether the cpi registers it or not there will be imported inflation that will make the last few years seem like a walk in the park - as a measure of their effect if not in the actual figures. Quote Link to comment Share on other sites More sharing options...
cht Posted January 20, 2009 Share Posted January 20, 2009 (edited) Considering everyone else is screwed, this is a sad indictment of the UK economy. Hovering just above 1.4. Edited to add that inflation data is out at 9.30 UK time. Edited January 20, 2009 by cht Quote Link to comment Share on other sites More sharing options...
Tiger Woods? Posted January 20, 2009 Share Posted January 20, 2009 Considering everyone else is screwed, this is a sad indictment of the UK economy. Hovering just above 1.4.Edited to add that inflation data is out at 9.30 UK time. Has now broken below 1.40...which was a strong historical resistance. Oops. Quote Link to comment Share on other sites More sharing options...
tinyboytim Posted January 20, 2009 Share Posted January 20, 2009 1.3950 at 9.23 Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 20, 2009 Share Posted January 20, 2009 US $ = Euro 1.29751 Pound 1.39519 Sadly, I sold some $ a month or so ago at 1.49! I still hold the majority of my STM fund in $ and think this is the long term bet. I think the Euro ios about to be hit very hard and will see near parity vs. the $ quite soon. Germany is is deep trouble due to collapsing exports and PIGS do not have enough to keep the EZ viable in terms of an overvalued currency. The world is in trouble but when the US get flu the rest get something worse. It still holds true. THis is the beginning of the end for Brown. he has lost his fight to survive because banks cannot and should not lend to people and businesses on the verge of bankruptcy. It is too easy in the former "miracle economy" to open up a business, go bust with all the taxpayer's money and then open up under a different name with a clean slate. No bank is going to lend under such conditions. We need a root and branch clear out. Quote Link to comment Share on other sites More sharing options...
snowflux Posted January 20, 2009 Share Posted January 20, 2009 CPI down from 4.1% to 3.1%. Big drop, but not quite as big as expected, so maybe sterling will recover a bit now. Quote Link to comment Share on other sites More sharing options...
cht Posted January 20, 2009 Share Posted January 20, 2009 CPI down from 4.1% to 3.1%.Big drop, but not quite as big as expected, so maybe sterling will recover a bit now. But RPI below 1%. That's yikes territory. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted January 20, 2009 Share Posted January 20, 2009 CPI down from 4.1% to 3.1%.Big drop, but not quite as big as expected, so maybe sterling will recover a bit now. 1 GBP = 1.39719 GOLD 828.50 -13.90 Quote Link to comment Share on other sites More sharing options...
Orinoco Posted January 20, 2009 Share Posted January 20, 2009 But RPI below 1%. That's yikes territory. Is that goodbye to any RPI-based pay rises then - am I right in thinking this is a common practice? Our pay rises (or should that be pay 'alteration') are usually confirmed in Feb / March and back-dated so mine is screwed!! Quote Link to comment Share on other sites More sharing options...
enrieb Posted January 20, 2009 Share Posted January 20, 2009 1 GBP = 1.39719GOLD 828.50 -13.90 Thats £595 Quote Link to comment Share on other sites More sharing options...
cht Posted January 20, 2009 Share Posted January 20, 2009 Is that goodbye to any RPI-based pay rises then - am I right in thinking this is a common practice?Our pay rises (or should that be pay 'alteration') are usually confirmed in Feb / March and back-dated so mine is screwed!! Yes, yes and yes. Then inflation will return later in the year. Just not in our pay packets. Quote Link to comment Share on other sites More sharing options...
Sinking Feeling Posted January 20, 2009 Share Posted January 20, 2009 Yes, yes and yes.Then inflation will return later in the year. Just not in our pay packets. This is exactly what I've been thinking. We're just storing up even more trouble for the future! Quote Link to comment Share on other sites More sharing options...
deflation Posted January 20, 2009 Share Posted January 20, 2009 Is that goodbye to any RPI-based pay rises then - am I right in thinking this is a common practice?Our pay rises (or should that be pay 'alteration') are usually confirmed in Feb / March and back-dated so mine is screwed!! Depends on the month they choose to use the 'stats'. Many increases are based on the inflation figures of last September, when inflation (not sure which measure) was 5%. Expect a lot of Daily Wail gnashing of teeth when civil service increases of 4-5% are announced in March. Positive spin will be that pensions, state and other index-linked ones should go by 4-5% as well. Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted January 20, 2009 Share Posted January 20, 2009 US $ = Euro 1.29751 Pound 1.39519Sadly, I sold some $ a month or so ago at 1.49! I still hold the majority of my STM fund in $ and think this is the long term bet. I think the Euro ios about to be hit very hard and will see near parity vs. the $ quite soon. Germany is is deep trouble due to collapsing exports and PIGS do not have enough to keep the EZ viable in terms of an overvalued currency. I disagree Isn't there something in the EU constitution that prevents the Euro being printed to cover deficit spending? Euro will go UP big time vs pound/$ Quote Link to comment Share on other sites More sharing options...
red Posted January 20, 2009 Share Posted January 20, 2009 pound-euro parity again, anyone? Quote Link to comment Share on other sites More sharing options...
snowflux Posted January 20, 2009 Share Posted January 20, 2009 (edited) I disagreeIsn't there something in the EU constitution that prevents the Euro being printed to cover deficit spending? Euro will go UP big time vs pound/$ I agree with you. Being a multi-national currency, the euro is simply less vulnerable to government meddling than the pound or dollar. It would be much more difficult to devalue the euro for economic reasons, and so IMO the euro is likely to remain stable irrespective of the state of the Eurozone economies. Edit: Not sure that's covered by the EU "constitution" though. Edited January 20, 2009 by snowflux Quote Link to comment Share on other sites More sharing options...
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