The pound

[MrsGoof]

The weak pound is getting to the point of effecting my retirement date

my kids are affecting mine

 

[bobhope]

Are you saying you haven't diversified your portfolio to hedge your currency risk?

I dunno, b*****ng amateurs.

Look on the bright side, if GBP continues to drop then you'll be looking forward to holidays in Skegness :-)

 

[larry]

Pound will go into freefall if interest rates go down again - on the advice of the Gov't (who are now reaping what they have sown for 10 years). Dollar (after years of weakness) is going up along with oil and gold pices (both of which are quoted in $) and even the Euro is booming with 2 more EU countries joining in. Not a good year for the £ it seems. At least it'll be good for reducing the trade deficit.

The Dollar moves inversely to the price of gold. Gold and the dollar can't go up at the same time. When the dollar weakens, there's more of them to buy commodities.

Gold and the Swiss Franc are said to prompt a 'flight to quality' when the US is looking at a possible slow down.

 

[BankingContractor]

Why does anyone care about the value of the pound - its only a quid..!!

 

[DimPrawn]

Because most here are Aussies/Kiwis/Saffers on holiday visas, coining it in in GBP, and then sitcking it back home in Pesos or whatever the pathetic currency is there.

HTH

 

[tay]

Thats the point Dim, I wish it was pathetic, but it is outperforming the pound at the moment. Pull your socks up blighty!