The Pound

[BlasterBates]

Still dropping....

nearly 0.79 GBP to the EUR

The average price of a detached house in EUR was 525,000 and is currently
443,000. That's a drop of EUR 80,000.

So where is the pound going to end up, or will it rise again soon?

 

[AtW]

The average price of a detached house in EUR was 525,000 and is currently 443,000. That's a drop of EUR 80,000.

And? Unless you have many millions of euros this information is irrelevant.

 

[snaw]

Still dropping....

nearly 0.79.

The average price of a detached house in EUR was 525,000 and is currently
443,000. That's a drop of EUR 80,000.

So where is the pound going to end up, or will it rise again soon?

Let us know if you get a definitive answer. Might help with my next investment decision ...

 

[Pickle2]

And? Unless you have many millions of euros this information is irrelevant.

Not when all those germans start MEWing their houses to buy holiday homes in nice villages in the South East.

 

[AtW]

Not when all those germans start MEWing their houses to buy holiday homes in nice villages in the South East.

Why would they want to move to this country (even if it was cheaper to live here, which it isn't)?

 

[snaw]

And? Unless you have many millions of euros this information is irrelevant.

Umm, you sure you did economics in your degree?

Having lived overseas, and had to transfer savings between countries for deposits this information could be worth thousands (I got lucky both times I've transferred big of cash).

Although a man who's on the cusp of making millions from Majestik might not see it that way ...

 

[AtW]

Umm, you sure you did economics in your degree?

I did. Unlike you I guess.

He is talking about value of houses measured in euros. This information is not relevant to anyone who has not got lots of euros to buy a house for cash.

 

[mrdonuts]

shurely it will affect the macroeconomic outlook for this country

 

[AtW]

shurely it will affect the macroeconomic outlook for this country

I don't think it would matter that much actually. Falling pound will help exporters a bit, but there is not a lot of stuff now made in the UK, this only helps a lot to the USA who still make a lot of things.

Macroeconomics in the UK are mainly driven by the house price bubble, some currency volatility has no relevance on fundamentals.

 

[Ardesco]

I don't think it would matter that much actually. Falling pound will help exporters a bit, but there is not a lot of stuff now made in the UK, this only helps a lot to the USA who still make a lot of things.

Macroeconomics in the UK are mainly driven by the house price bubble, some currency volatility has no relevance on fundamentals.

Certainly making me more competitive with the euros!!