BoE downgrades GDP growth. Pound plummets

[Diver]

Hasn't 'plummeted' very far...

I have €1360.00 chucked in my desk drawer, let me know when I will get the best rate for cashing them in.....

[Jog On]

I have €1360.00 chucked in my desk drawer, let me know when I will get the best rate for cashing them in.....

Don't hold your breath - or let your oxygen tanks run out...

[northernladyuk]

Good news for jam exporters.

[scooterscot]

I really look forward to them locking us out of the market. Im sure it wont hurt them at all...

I really look forward to British manufactured cars and Cornish red wine with a dab of Highland olive oil.

[scooterscot]

Hasn't 'plummeted' very far...

Better bu those euros quick before it reaches parity... EU will be putting up rates soon.


Last month or so




Today

[Paddy]

Hasn't 'plummeted' very far...

12:00 1.185
Now 1.107

So that's a loss of £78 in a couple of hours on a £1000 FX for someone on holiday

[doconline]

12:00 1.185
Now 1.107

So that's a loss of £78 in a couple of hours on a £1000 FX for someone on holiday

not sure where you got your figures from but it was no where near 1.185. it closed at 1.1151 yesterday, so maybe you meant 1.1185?

So it's a loss of about £10.

[BrilloPad]

12:00 1.185
Now 1.107

So that's a loss of £78 in a couple of hours on a £1000 FX for someone on holiday

https://www.theguardian.com/commenti...nment-journeys

[Paddy]

not sure where you got your figures from but it was no where near 1.185. it closed at 1.1151 yesterday, so maybe you meant 1.1185?

So it's a loss of about £10.

I think you are right... I won't rush to the FX then

[Jog On]

Better but those euros quick before it reaches parity... EU will be putting up rates soon.


Last month or so




Today

You're comparing 2 different timeframes?

I watch £/$ anyway which has already shrugged this news off. The technical are still intact