Pound under attack as debt worries grow

[TimberWolf]

Gold just went vertical, as did Sterling but in the other direction. The former having gone up over £250 / Kg since I bought only an hour or so ago.

[DimPrawn]

FRACK

Sound as a pound.


There goes my plan to buy holiday rental property in Florida.

[TimberWolf]

Yes, this is the day I was planning to transfer my money into foreign currency. Doomed.

[EternalOptimist]

waily waily. I should have bought my euros last week.

just wait till I tell the missus that the holiday in Europe is cancelled and we are taking up beekeeping and drinking rainwater instead

[sweetandsour]

Mind you, devaluing Sterling could be Labour's master plan.

I am so glad that I took the opportunity to travel abroad extensively over the last few years. It doesn't look like english people will be able to afford to go abroad any more.

[TimberWolf]

How far does it have to drop before Gordon has to stand outside 10 Downing Street and give a speach?

Hasn't it already dropped more in the last year or two two than in recorded history? The one in the 1970s being a trifling 14% or so?

[DimPrawn]

I am so glad that I took the opportunity to travel abroad extensively over the last few years. It doesn't look like english people will be able to afford to go abroad any more.

A new sort of holiday will be created, where you stand on the Isle of Wight and shout across the Channel "You rich foreign bastards!" at the top of your voice.

Very soothing.

[The_Equalizer]

How far does it have to drop before Gordon has to stand outside 10 Downing Street and give a speach?

Hasn't it already dropped more in the last year or two two than in recorded history? The one in the 1970s being a trifling 14% or so?

I remember $1.45/£1 around 2001. Still it's getting rather a nasty hammering today.

[SantaClaus]

GBPUSD at its low today was down 400 pips.

Please pound, please, crash before the general election

[d000hg]

I have business accounts in £ & $. Apart from losing a couple of % in commission, is my company allowed to shift money back and forth to make a profit, or would I need to change the way my business is classified?

I get about 50/50 of my income in $ and £. Does that mean I'm safe? Moving the majority in either direction seems a little risky.