Should we be selling all pounds asap ?

[juststarting]

Should we be selling all pounds asap ?

If you have non-definitive answer please comment instead of voting.

[BrilloPad]

You forget the andyw option "andyw is a fx trader and loves straight line trends"

[AtW]

Do you mean sterling? A bit too late for selling that, it might fall further 15-20% though but the solution to this problem is to earn foreign currency that will convert into lots of pounds rather than convert small amount of pounds into even smaller amount of foreign currency.

[juststarting]

You forget the andyw option "andyw is a fx trader and loves straight line trends"

In my opinion Andyw is an owners creation , as many others here , designed to judge members feelings about language on this forum.

[juststarting]

Do you mean sterling? A bit too late for selling that, it might fall further 15-20% though but the solution to this problem is to earn foreign currency that will convert into lots of pounds rather than convert small amount of pounds into even smaller amount of foreign currency.

But , there are gloomier and gloomier forecasts every day about the pound. You are indeed right though that working does help.

[DiscoStu]

In my opinion Andyw is an owners creation , as many others here , designed to judge members feelings about language on this forum.

Eh?

[Francko]

But , there are gloomier and gloomier forecasts every day about the pound. You are indeed right though that working does help.

Speculating on exchange rates is the riskiest thing that you can do as nobody can ever know what is going to happen (of course, apart from atW and his infinite wisdom).

If you plan to stay in the UK it makes sense just to forget about it. It might make more sense for an expat to invest now in sterlings and convert all the savings if he/she plans to return. For anybody else, it is just too risky to play with these things.

[Green Mango]

I am sure we can pretty sure the short term trend for the £
is down.

Gordon Brown and Mervyn King have made sure of that.

I wonder if we will see parity with the Euro

[Purple Dalek]

Speculating on exchange rates is the riskiest thing that you can do as nobody can ever know what is going to happen (of course, apart from atW and his infinite wisdom).

Indeed, is true, no one knows how fast sterling is going to go down. Down like a dropped brick? Or down like one of those tank buster rockets that goes down and at the last moment explodes in a great cloud of down-ness, totally sterlising the contents...

[Fred Bloggs]

Too late now. Best bet would be to get a job paid in Euro's for now. But then by the time you've spent all that time and money on flights/trains/taxis/hotels, might just as well stay at home earning £'s. I used to buy a fair bit of stuff from the US regularly by mail order, now I don't.