NormanH Posted November 29, 2010 Share Posted November 29, 2010 The Europhobic glee at the curreny problems of the Euro has tended to mask the fact that the pound is also going through a rough patch.What is the general feeling about the future of sterling?http://www.forexcrunch.com/gbpusd-outlook-nov-29-dec-3/ Link to comment Share on other sites More sharing options...
Bugsy Posted November 29, 2010 Share Posted November 29, 2010 Just bring back the £1 to 1.50€ and I'll be happy.. Link to comment Share on other sites More sharing options...
NormanH Posted November 29, 2010 Author Share Posted November 29, 2010 Surely that was a brief interlude? Link to comment Share on other sites More sharing options...
Rose (& Greyman) Posted November 29, 2010 Share Posted November 29, 2010 Not historically http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-gbp.en.html. Look at the 10y EUR vs GBP graph.No guide to the future of course. Link to comment Share on other sites More sharing options...
Rose (& Greyman) Posted November 29, 2010 Share Posted November 29, 2010 Duplicate deleted Link to comment Share on other sites More sharing options...
NormanH Posted November 29, 2010 Author Share Posted November 29, 2010 I see that over the last 5 years the average is 1,3005 and that it went above 1,5 very briefly in 2006.Over the last two years the average is 1,1420.Before 1999: (the first figure is francs) so that keeps the average down over 15 years1995 7.87 1.19 1996 7.98 1.21 1997 9.56 1.45 1998 9.77 1.49I bought in 1995, so have always remembered that as the 'reference' value.Perhaps other people have the same idea, that the 'real' value of the pound is what it was when they bought their property? Link to comment Share on other sites More sharing options...
KathyF Posted November 29, 2010 Share Posted November 29, 2010 Well, it was around 1.48 when we bought our house in 2003 and seems to have been gouing down ever since..... Link to comment Share on other sites More sharing options...
Pommier Posted November 29, 2010 Share Posted November 29, 2010 I can't swear to it, but I've got an idea that it was over €1,60 when we moved to France in early 2002. Link to comment Share on other sites More sharing options...
cooperlola Posted November 29, 2010 Share Posted November 29, 2010 Pommier, it is certainly my belief that it was 1.60 or so on changeover. It was around 1.50 when we bought in 2004. I have an HIFX currency converter which I got as a freebie at a French property exhibition when the Euro was first around. It starts at 1.70 and goes down to 1.30![:D]I budgeted before moving on a worst case of 1.30 - how wrong can one be? I was daft really because I certainly remember a time when one got 7 francs to the £. Still, we've managed OK. Link to comment Share on other sites More sharing options...
Pommier Posted November 29, 2010 Share Posted November 29, 2010 We'd thought about moving to France about 6 or 7 years before we did, but at that time (about 1996ish) it was 7 francs to the pound and just wasn't possible. At that time we looked back wistfully to the days of 12 francs to the pound when holidays were just so cheap! Link to comment Share on other sites More sharing options...
Richard51 Posted November 29, 2010 Share Posted November 29, 2010 It was about 1.48 when we bought our house in early 2006....it dropped not long after we had bought. Given the anecdotal evidence above 1.5 would seem to be a consistent rate for the several years leading to 2006. Link to comment Share on other sites More sharing options...
just john Posted November 29, 2010 Share Posted November 29, 2010 [quote user="greyman"]Not historically http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-gbp.en.html. Look at the 10y EUR vs GBP graph. No guide to the future of course. [/quote]A graph is so much more graphic [:D]When we bought in 2004 it was 1.5e to £, and dare I say it the pound has been devaluing for a little while, and possibly now the UK could improve(look at Jag's fortunes); whilst I'm not holding my breath I think the Euro has its worse days still to come, who's next, Brussels?. Link to comment Share on other sites More sharing options...
Chancer Posted November 29, 2010 Share Posted November 29, 2010 I bought in 2004.My reference value is parity, it very nearly got there at the end of 2008 at which time I had to spend a lot of UK £'s on materials.Once my income in Euros starts to come in and especially when it peaks I would be better off if the pound were to drop again so in the long term for me at least, parity will be palateable but not too soon please! Link to comment Share on other sites More sharing options...
Bugsy Posted November 30, 2010 Share Posted November 30, 2010 Bit of a landmark today.1.1936. Link to comment Share on other sites More sharing options...
Bugsy Posted January 8, 2011 Share Posted January 8, 2011 1.203 this morning, whoo hooo.. Link to comment Share on other sites More sharing options...
just john Posted January 8, 2011 Share Posted January 8, 2011 Exports-power-German-economic-growth-as-euro-falls- Lets hope it continues to fall[:D], ( for the sake of Eurozone's exports of course) Link to comment Share on other sites More sharing options...
Judith Posted January 8, 2011 Share Posted January 8, 2011 [quote user="cooperlola"]Pommier, it is certainly my belief that it was 1.60 or so on changeover. [/quote]Definitely so - we were all given the example of miles / km being the same calculation as £/€ - 1.60€ to £. Pity it cahnged rally - I could cope with that calculation!!! Link to comment Share on other sites More sharing options...
pachapapa Posted January 8, 2011 Share Posted January 8, 2011 [quote user="Pommier"]We'd thought about moving to France about 6 or 7 years before we did, but at that time (about 1996ish) it was 7 francs to the pound and just wasn't possible. At that time we looked back wistfully to the days of 12 francs to the pound when holidays were just so cheap![/quote]The year 1996 was the nadir of french traditional old rural property prices. The local sellers in Deux-Sèvres during the winter of 1996 expected armageddon as more likely than an erstwhile UK buyer. So conventional transfer pricing with current exchange rates may not be the best guide in acquiring a residential capital asset. Such properties have enjoyed a steady appreciation in euro terms for the last dozen years far outweighing any short term currency considerations. Link to comment Share on other sites More sharing options...
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