GBP - How low will it go?

[DimPrawn]

1 gbp=€1.06748=$1.20354

So what? What makes a £ worth 2 Euros perfectly acceptable, but £1 = €1 the end of the World?

Do you think it would be great if £1 = €10 ?? Then Britain is somehow the 'winner' ?

[Eirikur]

So what? What makes a £ worth 2 Euros perfectly acceptable, but £1 = €1 the end of the World?

Do you think it would be great if £1 = €10 ?? Then Britain is somehow the 'winner' ?

Soon £1 = €1 We’ve finally joined the Euro and it’s all thanks to Brexiteers. Congratulations lads, you did it.

[AtW]

So what? What makes a £ worth 2 Euros perfectly acceptable, but £1 = €1 the end of the World?

Do you think it would be great if £1 = €10 ?? Then Britain is somehow the 'winner' ?

It’s the trend that’s important and rate or change - very fast this country is getting poorer, you don’t get it because you are a fooking Brexidiot who is responsible for current mess

[scooterscot]

Wowzers - this trading surely is algorithmic. January 2009 was the last time the pound was down here. Tory power, turning turning your wealth into toilet paper.

Feeling totally smug selling my Edinburgh place when I did and cashing into Euros.

[Zigenare]

Wowzers - this trading surely is algorithmic. January 2009 was the last time the pound was down here. Tory power, turning turning your wealth into toilet paper.

Feeling totally smug selling my Edinburgh place when I did and cashing into Euros.

You live in Germany, why wouldn't you?

[CryingSheep]

So what? What makes a £ worth 2 Euros perfectly acceptable, but £1 = €1 the end of the World?

Do you think it would be great if £1 = €10 ?? Then Britain is somehow the 'winner' ?

I think you dont understand basic economy!

UK has a negative net exports - meaning it imports more than exports! Now, when you import something you have to pay it in the origin country currency.

If the pounds drops half its value compared to Euro and dollar, everything UK imports from Eurozone and USA will cost the double in pounds!

Of course because UK will be in 'sales' the amount of exports will increase what will help to counter balance the negative impact, but this only means that in the end instead of costing double will cost 30/40/50% more what is enough to put loads of people in poverty.

Cmon, make an effort, I'm sure you can get there...

[DimPrawn]

I think you dont understand basic economy!

UK has a negative net exports - meaning it imports more than exports! Now, when you import something you have to pay it in the origin country currency.

If the pounds drops half its value compared to Euro and dollar, everything UK imports from Eurozone and USA will cost the double in pounds!

Of course because UK will be in 'sales' the amount of exports will increase what will help to counter balance the negative impact, but this only means that in the end instead of costing double will cost 30/40/50% more what is enough to put loads of people in poverty.

Cmon, make an effort, I'm sure you can get there...

I know someone desperate for a weak and worthless currency.

[CryingSheep]

I know someone desperate for a weak and worthless currency.

There is a difference between wanting a very strong currency to be slightly weaker and a currency just being trashed!

Plus since when trump is an example for anything... There seems to be a weird correlation between people supporting brexit and "supporting" trump ideas...I wonder why!? IQ coefficient maybe?

Sent from my ONEPLUS A6000 using Contractor UK Forum mobile app

[scooterscot]

To answer the OP - put me in for 86 cents.

Can then buy back my Edinburgh place for 70% of the price I sold it, assuming the rock solid UK housing market holds.

[Old Greg]

So what? What makes a £ worth 2 Euros perfectly acceptable, but £1 = €1 the end of the World?

Do you think it would be great if £1 = €10 ?? Then Britain is somehow the 'winner' ?

The decline in sterling is a mark of the decline of the UK's economic outlook. But so what? Fook business.