The Pound

[swamp]

Great. I've sold my flat for a nice profit and I have a pile of (worthless) money in the bank.

[DimPrawn]

Great. I've sold my flat for a nice profit and I have a pile of (worthless) money in the bank.

Me too. Cash is king.

[TimberWolf]

Great. I've sold my flat for a nice profit and I have a pile of (worthless) money in the bank.

Ditto. Earning zero interests and it's being inflated away. I'd like advice on how to spread risk a bit - but not into property.

[DimPrawn]

Ditto. Earning zero interests and it's being inflated away. I'd like advice on how to spread risk a bit - but not into property.

Why is it earning zero interest?

http://uk.zopa.com/ZopaWeb/public/le...g-at-zopa.html
http://www.abbey-products.com/bradfo...er-online.html
http://www.ingdirect.co.uk/savings/v...te/default.asp
http://news.bbc.co.uk/1/hi/business/8258318.stm

[TimberWolf]

Why is it earning zero interest?

http://uk.zopa.com/ZopaWeb/public/le...g-at-zopa.html
http://www.abbey-products.com/bradfo...er-online.html
http://www.ingdirect.co.uk/savings/v...te/default.asp
http://news.bbc.co.uk/1/hi/business/8258318.stm

Zero interest after inflation, which I think is and will be more and more under reported as time goes on. Savings in UK banks won't be much protected against inflation and the falling Pound IMO. A lot of people have been burnt with Zopa, I gather.

[suityou01]

Panick ye not. The dollar is in a far worse state. When that has collapsed so will everything else. Then, if you're good boys and girls and got an ID card you can replace all those worthless pounds with global credits.

HTH

[Sysman]

It's dropping like a stone today - it's all red on the beebs currencies page

http://newsvote.bbc.co.uk/1/shared/f...cy/default.stm

Another day and another little pay rise

This is the graph you are after.

[HairyArsedBloke]

Panick ye not. The dollar is in a far worse state. When that has collapsed so will everything else. Then, if you're good boys and girls and got an ID card you can replace all those worthless pounds with global credits.

HTH

Well, actually, No. It's very close as to which one is more fraked, that is why cable is stable. At the moment, Sterling is more fraked hence cable is down at 1.6210. Give it a couple of weeks and it'll be at the top of the range again, but both will be down against everything else.

[Sysman]

Well, actually, No. It's very close as to which one is more fraked, that is why cable is stable. At the moment, Sterling is more fraked hence cable is down at 1.6210. Give it a couple of weeks and it'll be at the top of the range again, but both will be down against everything else.

I've been tracking GBP against USD for over 20 years, and apart from blips it always settles back at ~1.65. It just seems to be its natural level.

Those working in Europe should be concentrating on the Euro to GBP rates rather than the USD to GBP rates.

[TimberWolf]

Well, actually, No. It's very close as to which one is more fraked, that is why cable is stable. At the moment, Sterling is more fraked hence cable is down at 1.6210. Give it a couple of weeks and it'll be at the top of the range again, but both will be down against everything else.

Where have you stashed your cash?