baypond Posted May 21, 2009 Share Posted May 21, 2009 Back at 1.1300 now. Link to comment Share on other sites More sharing options...
krusty Posted May 21, 2009 Share Posted May 21, 2009 Who the flip are Standard & Poor ? ...........and can they please keep their mouths shut . [Www] Link to comment Share on other sites More sharing options...
PeterG Posted May 21, 2009 Share Posted May 21, 2009 [quote user="krusty"]Who the flip are Standard & Poor ? . [Www][/quote]The highly respected ratings agency that rated many of the worlds leading banks at AAA or AA+, last year. What do they know? Link to comment Share on other sites More sharing options...
parsnips Posted May 21, 2009 Share Posted May 21, 2009 [quote user="PeterG"][quote user="krusty"]Who the flip are Standard & Poor ? . [Www][/quote]The highly respected ratings agency that rated many of the worlds leading banks at AAA or AA+, last year. What do they know? [/quote]Hi, Never mind, it's back at 1.142 €/£ now(1725hrs) . Persons of a nervous disposition should not look at the exchange rate more often than once a week. Link to comment Share on other sites More sharing options...
baypond Posted May 21, 2009 Author Share Posted May 21, 2009 Market trading back at 1.1400. There is a general feeling that GBP will trade well for the next couple of months. If the market moves above 1.1500, there is a sense we could be back in the 1.2000/1.3000 range over summer.Let's hope so. Link to comment Share on other sites More sharing options...
baypond Posted May 21, 2009 Author Share Posted May 21, 2009 Hi, Never mind, it's back at 1.142 €/£ now(1725hrs) . Persons of a nervous disposition should not look at the exchange rate more often than once a week. Unless it is their job![:)] ... Link to comment Share on other sites More sharing options...
Benjamin Posted May 21, 2009 Share Posted May 21, 2009 [quote user="baypond"]Market trading back at 1.1400. There is a general feeling that GBP will trade well for the next couple of months. If the market moves above 1.1500, there is a sense we could be back in the 1.2000/1.3000 range over summer.Let's hope so.[/quote]I read an article a couple of weeks back (Citywire I think) that said the £ would meet some resistance at €1.14 but would end the year at €1.20. Who ever thought we'd be happy to see that figure. [:D] Link to comment Share on other sites More sharing options...
baypond Posted May 21, 2009 Author Share Posted May 21, 2009 From a cost of living point of view, 1 for 1 always seemed the wrong rate. I think 1.2000 is a far more realistic longer term level. Link to comment Share on other sites More sharing options...
Benjamin Posted May 21, 2009 Share Posted May 21, 2009 [quote user="baypond"]From a cost of living point of view, 1 for 1 always seemed the wrong rate. I think 1.2000 is a far more realistic longer term level.[/quote]Agreed. With Germany forecasting negative growth and the unemployment situation here, certainly for younger people, being dire and with 18% unemployment in Spain (yes, I know they're one of the lightweights) the poor old £ does seem a bit overdone. [:D] Link to comment Share on other sites More sharing options...
JMB Posted May 22, 2009 Share Posted May 22, 2009 The £ is 1.1328 this am. Now that Gordy and co have set the autopilot in the direction to third world status for the uk maybe the realistic value for the £ is about 0.80. [:D] Link to comment Share on other sites More sharing options...
KathyF Posted May 22, 2009 Share Posted May 22, 2009 Back up around 1.14 at the moment. Sorry to spoil your Schadenfreude, JMB.[:)] Link to comment Share on other sites More sharing options...
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