Pound sinking - deflation expected

[NotAllThere]

Transferred some CHF to my sterling account at the weekend - should have waited a few days.

[DimPrawn]

£1 = €1.2141

<alan partridge>
Back of the net!
</alan partridge>

I missed out on about £50K of "free" money by changing my Euros to £ before Brown got his teeth into the economy.

[DodgyAgent]

At least the £ is holding firm against the zloty and Romanian Lei

[SantaClaus]

At least the £ is holding firm against the zloty and Romanian Lei

I guess we'll be looking for jobs in Eastern Europe soon anyway

[lilelvis2000]

As long as its not going down agains the Remini then we'll still get our cheap goods. And UK IT will start to look cheaper to the American's...maybe we can finally start exporting again!

[Francko]

We may see 1.4 against the dollar by the end of today.

Yes, I'm short since 1.5400

Time to invest in UK PLC?

[DiscoStu]

As long as its not going down agains the Remini then we'll still get our cheap goods. And UK IT will start to look cheaper to the American's...maybe we can finally start exporting again!

Shame we've hardly got anything worth exporting

[DimPrawn]

Shame we've hardly got anything worth exporting

Pharma.

Except all the patents have expired and the workers laid off.

[sunnysan]

I dont think so

I guess we'll be looking for jobs in Eastern Europe soon anyway

http://www.telegraph.co.uk/finance/f...s-deepens.html

Looks like Russia is going to be in the dwang as well. Well characteristically, the Kremlin have dispatched the police to deal with any "dissenters" so I guess unlike the whinging UK the Ruskys will just have to grin and bear it.

[BlasterBates]

£ below EUR 1.22 right that's it I'm getting all pound assets out.

it don't look good, the rate of declining is steepening.

Bank of England official view is that a declining pound is OK.