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Panda

The Pound Red Red Red

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Its dropping when will the floor be felt?

The commodity currency parity? 1.93 today, 1.84 in the travel agents. ouch!

When will a run be quoted as a run?

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Don't just stand there! Do something! :D

Sterling quietly is being trashed against currency's which have an economy of any worth?

Trouble is a brewing? When though?

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You cant just keep printing notes and expect the pound to retain it value. A 7 year could tell the BofE this. So it is pretty obvious were getting ready to dump the pound and join the Euro. Why else would they do it ?

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You cant just keep printing notes and expect the pound to retain it value.

Of course you can if you're in a deflationary spiral.

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You cant just keep printing notes and expect the pound to retain it value. A 7 year could tell the BofE this. So it is pretty obvious were getting ready to dump the pound and join the Euro. Why else would they do it ?

Agree with your first statement 100%. I can't see the BofE being able to just adopt the Euro, when Dave's Tories are solidly against it. Stranger things have happened though..we'll see.

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Considering it was below $1.40 in March don't you think you're being a little hyperbolic?

Point is that we could well stay at parity with the US dollar whilst falling majorly against everything else, because the US is massively in debt as well, i.e. it's not too surprising their currency is also a basket case.

Against more sound currencies/economies the £ is dropping fast - that is the point of the post...

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Point is that we could well stay at parity with the US dollar whilst falling majorly against everything else, because the US is massively in debt as well, i.e. it's not too surprising their currency is also a basket case.

Against more sound currencies/economies the £ is dropping fast - that is the point of the post...

Pound v Euro is small fry. The end of September is the big date to watch for; the end of the American Tax Year. Watch what happens to the dollar then.

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Agree with your first statement 100%. I can't see the BofE being able to just adopt the Euro, when Dave's Tories are solidly against it. Stranger things have happened though..we'll see.

Its seems the way things are going, we really have ask "Are we going to have a choice ?"

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I said back in June or July the £ would drop at the end of the summer but cant find my original post to back this up. I took advantage of the recent Gold low so sitting pretty as I expect the Gold price to pick up a bit as well although I'm still midful of the long term view that we will see Deflation.

I wouldn't worry about holding gold in this deflation due to the fact that value is deflating out of absolutely everything... assets and the currency. Considering this, assets will doubly lose value if priced in another stronger currency.

I think the currency will survive due to the fact that people will value money and it will be scarce. And even do relatively well against assets. However, gold will do even better. It will be the currency of choice and retain its value as capital goes to it in order to survive.

Edited by roman holiday

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Considering it was below $1.40 in March don't you think you're being a little hyperbolic?

I think you may be talking about the wrong Dollar. Pound bought A$2.7 last November. Big run on the currency from that POV.

Panda, the reason the Aussie's going so well is because the economy here is going fine, no?

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