The Pound

[AtW]

Certainly making me more competitive with the euros!!

Yes, and good for you - however this no effect on macroeconomics, notice how I commented on euro price of the house - I am not saying not to take euro contracts - by all means do, I reckon euro should be pretty strong for some years.

 

[bogeyman]

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

Wow. It's almost like Friedrich Hayek was in the room, isn't it?

 

[AtW]

Wow. It's almost like Friedrich Hayek was in the room, isn't it?

As far as you are concerned my suggestion would be to start selling Big Issue in euros...

 

[sasguru]

Wow. It's almost like Friedrich Hayek was in the room, isn't it?

a tosser

 

[bogeyman]

a tosser

My point, exactly.

 

[oracleslave]

As far as you are concerned my suggestion would be to start selling Big Issue in euros...

 

[bogeyman]

As far as you are concerned my suggestion would be to start selling Big Issue in euros...

And my suggestion to you is to keep taking the Lithium, and if possible increase the dose.

 

[Pickle2]

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

Er, they wouldn't. That was the point.

 

[bogeyman]

Do you think it would confuse AtW if I changed my avatar to a photo of Warren Buffett?

 

[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.

Let me just bring attention to the original sentence that I quoted saying: "
And? Unless you have many millions of euros this information is irrelevant."

That sentence in my view imlpied that somehow people who live in Europe and earn in euros will be tempted to go to the UK to buy houses here because somehow price in euros is cheaper. And? Most people in Europe don't even buy houses - they rent them, and they certainly would not want to buy one in the UK whatever the euro rate is.