GBP - How low will it go?

[BR14]

blah blah blah.

wot? - no squiggly lines?

[Old Greg]

Sterling is strengthening on the increasing chance of a Corbyn led government.

[Whorty]

So, would you say that we are more or less better off than when £1 = $2.80?

We are way better off now than we were in the 70's. Since then we have got progressively better off, on average. We certainly haven't got worse off due to the EU ..... unless you're one of those xenophobe types who don't like them peeps with a strange accent they may think we're worse off, but then, they think we should go back to the glorious colonial days

[JohntheBike]

We are way better off now than we were in the 70's. Since then we have got progressively better off, on average. We certainly haven't got worse off due to the EU ..... unless you're one of those xenophobe types who don't like them peeps with a strange accent they may think we're worse off, but then, they think we should go back to the glorious colonial days

of course we are all better off generally, and I'm not involving the EU in the debate. What I'm saying is that in the long term, exchange rates have little relevance. There will be short term effects as currencies jostle for position, but in the long term, things even out. So we are better off now with £1 = $1.2 than we were in the 70's when £1 = $2.80.

[meridian]

What I'm saying is that in the long term, exchange rates have little relevance.

So we are better off now with £1 = $1.2 than we were in the 70's when £1 = $2.80.

You’re the sort of person that would argue with themselves and still lose.

[Old Greg]

You’re the sort of person that would argue with themselves and still lose.

Or lose a court case with the HMRC and pretend he had won.

[jamesbrown]

Or lose a court case with the HMRC and pretend he had won.

Or bang on about it infinity times as though it were gratefully received on any one of those infinity occasions.

[Old Greg]

Or bang on about it infinity times as though it were gratefully received on any one of those infinity occasions.

Which would still be 0%.

[jamesbrown]

Which would still be 0%.

Let's go with -0%.

[JohntheBike]

Or lose a court case with the HMRC and pretend he had won.

get your facts straight, HMRC were not involved.