JohnRoss Posted November 1, 2008 Share Posted November 1, 2008 Got 1.2555 from HiFX yesterday, XE.com was showing around 1.27, not good. Bet it goes up now!.............JR Link to comment Share on other sites More sharing options...
Hereford Posted November 1, 2008 Share Posted November 1, 2008 We got 1.267 on Thursday with Nationwide for just 350 euros drawn from a cash machine. Not bad at all.H. Link to comment Share on other sites More sharing options...
JohnRoss Posted November 1, 2008 Author Share Posted November 1, 2008 Not bad indeed for that amount, bien fait pour vous et tant pis pour moi!.....................JR Link to comment Share on other sites More sharing options...
AnOther Posted November 4, 2008 Share Posted November 4, 2008 The £ is back in free fall again I note, currently around €1.229 [:(] Link to comment Share on other sites More sharing options...
mint Posted November 4, 2008 Share Posted November 4, 2008 Can't help but wonder where it will stop, Erns. Oh well, more belt-tightening then. Link to comment Share on other sites More sharing options...
AnOther Posted November 4, 2008 Share Posted November 4, 2008 They're presumably preparing the ground for the widely anticipated UK up to 1% rate cut. The only glimmer of hope for respite is if there is a significant cut by the European central bank. Link to comment Share on other sites More sharing options...
mint Posted November 4, 2008 Share Posted November 4, 2008 Worst I heard was that by next year, UK interest rates might be 2.5%. I know I shouldn't moan and that I'm being selfish and that that rate would help a lot of people with mortgages and loans.But what about us poor OAPs who've been saving for our retirement and rely on interest on our money to help boost our pensions?Between the possibility of banks collapsing and taking all our money with them and the relentless lowering of the exchange rate, we might just as well blow the lot ourselves and have a helluva time whilst we still can! Link to comment Share on other sites More sharing options...
AnOther Posted November 4, 2008 Share Posted November 4, 2008 Don't you believe it sweets.The BOE base rate may be coming down but most bank's SVR mortgages and loan rates are not because they know the sorry saps are locked in and cannot remortgage anywhere else. Across the pond they call it 'gouging' which I think is a pretty apt description.Savings rates ARE tumbling though of course, well imagine that [:'(] Link to comment Share on other sites More sharing options...
Jay Posted November 12, 2008 Share Posted November 12, 2008 This morning:The pound has seems to be stuck in the 1.22 are at the moment againstthe Euro with no near term prospects for a correction back towards 1.25and above.This afternoon 1.19Source: http://www.euros-pounds-currency-news.blogspot.com/How low can it go? Any bets? Link to comment Share on other sites More sharing options...
Russethouse Posted November 12, 2008 Share Posted November 12, 2008 Parity ? Link to comment Share on other sites More sharing options...
NormanH Posted November 12, 2008 Share Posted November 12, 2008 That is the obvious first stage.But after...?? Link to comment Share on other sites More sharing options...
Jazzer Posted November 12, 2008 Share Posted November 12, 2008 Sidddals in May thought the euro rate would trade within 1.20 to 1.30 In reality this proved to be 1.22 to 1.29. Today's bulletin says they feel the rate will not fall below 1.20 but could rise to 1.30/ Based on the fact that most of the economies in europe could weaken more than the UK.No one is set for an esay ride but eh UK should be better positioned. Some economists predict 1.50 within 6 months but Siddalls are not so bullish. Link to comment Share on other sites More sharing options...
suein56 Posted November 12, 2008 Share Posted November 12, 2008 [quote user="Jazzer"] Today's bulletin says they feel the rate will not fall below 1.20 but could rise to 1.30[/quote]Just to add that the £ is trading in real time at this very moment on 4xx at 1.1861 if you have £20 000 available to transfer ...Sue Link to comment Share on other sites More sharing options...
Chas Posted November 12, 2008 Share Posted November 12, 2008 [quote user="spg"][quote user="Jazzer"] Today's bulletin says they feel the rate will not fall below 1.20 but could rise to 1.30[/quote]Just to add that the £ is trading in real time at this very moment on 4xx at 1.1861 if you have £20 000 available to transfer ...Sue[/quote]That will do nicely thanks. but then, we are going the other way with the proceeds of our house sale [:)] Link to comment Share on other sites More sharing options...
NormanH Posted November 13, 2008 Share Posted November 13, 2008 Seems a good time to be going.Any decline in prices in France has been offset by the rise in value of the euro against sterling. Link to comment Share on other sites More sharing options...
mint Posted November 15, 2008 Share Posted November 15, 2008 Where's the thread where people said that if a politician or financial guru said anything negative about the pound, there was an immediate market reaction?Happened again today; that blithering idiot, Osborne (he of the dodgy affair with the yatch), said there could be a "run on the pound" and, guess what, there's a run on the pound.As someone also said, why don't these people just shut up? Link to comment Share on other sites More sharing options...
JohnRoss Posted November 15, 2008 Author Share Posted November 15, 2008 XE.com showing 1.00 GBP = 1.17167 just now. We're doomed ... DOOMED, Ah tell ye . . . . JR Link to comment Share on other sites More sharing options...
Clair Posted November 15, 2008 Share Posted November 15, 2008 I placed an order on a UK-based online company on Wed 12th, payable via Google Checkout.My bank statement is showing an exchange rate of €1.17. Link to comment Share on other sites More sharing options...
Quillan Posted November 15, 2008 Share Posted November 15, 2008 [quote user="JohnRoss"]XE.com showing 1.00 GBP = 1.17167 just now. We're doomed ... DOOMED, Ah tell ye . . . . JR[/quote]They are a little out I am afraid, at the close of all the markets for the weekend the rate was, and still is, 1.1665. We have to wait till monday to see which way the wind blows. Link to comment Share on other sites More sharing options...
BJSLIV Posted November 15, 2008 Share Posted November 15, 2008 I have been keeping an eye on the exchange rates for the last 17 years. Interestingly the current painful rates are almost identical to those experienced in the dark days of November 1995. The Franc / Sterling rate bottomed out at the equivalent of 1.143 Euros to the pound. Within a year it was back to 1.3. A couple of years ago, all the experts were saying that the days of such wide fluctuations were over! Link to comment Share on other sites More sharing options...
NormanH Posted November 16, 2008 Share Posted November 16, 2008 There is nothing new in the present exchange rate.It is more or less the same as when I came here.There has been a atypical period in which the pound has been ridiculously over-valued.In any case it makes no difference to people who live and work in France, only to those who depend on UK pensions or savings.Perhaps it will be the opportunity to have a good clear out. Link to comment Share on other sites More sharing options...
Sunday Driver Posted November 16, 2008 Share Posted November 16, 2008 [quote user="NormanH"]In any case it makes no difference to people who live and work in France, only to those who depend on UK pensions or savings.Perhaps it will be the opportunity to have a good clear out.[/quote]Yeh, load 'em onto the cattle trucks for Calais......Why do you hate the rest of us so much? Link to comment Share on other sites More sharing options...
NormanH Posted November 16, 2008 Share Posted November 16, 2008 I don't hate anybody.I resent certain types. Link to comment Share on other sites More sharing options...
Sunday Driver Posted November 16, 2008 Share Posted November 16, 2008 OK, why do you resent UK pensioners so much that you'd be happy if we all left France and returned to the UK? Link to comment Share on other sites More sharing options...
dragonrouge Posted November 16, 2008 Share Posted November 16, 2008 As part of a learning process I am really interested in identifying some members of society that you resent? Seemingly pensioners are within your compass. Perhaps it would be helpful to understand exactly those people that you resent and for balance give us some background so perhaps we can also arrive at a decision as to your bona fides.From where I am sat I am not too sure whether you would be welcomed as a dinner guest or indeed would stay with the dogs. The dogs may resent it. Link to comment Share on other sites More sharing options...
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