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Except, I don't bring any of it into the UK so it doesn't really mean have any effect on me.
How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Thing is, it won't stay tanked forever. Dunno why people are getting so excited about, unless you plan to do something abroad. Few years from now, who knows, it may be back up to 2dollar per quid again. In fact, now everyone and their dog are talking about it going down the pan it'll probably rebound
When I went on-line banking this morning I had a special invitation waiting for me, for an account paying 2.5% AER (summit like that) interest. Sterling loses that much in a day, let alone a year, so wasn't particularly tempted by this negative interest rate. I wouldn't be surprised if people remain wary of fiat currencies once the global currency devaluations slow down and stick with Gold or some-such.
Thing is, it won't stay tanked forever. Dunno why people are getting so excited about, unless you plan to do something abroad. Few years from now, who knows, it may be back up to 2dollar per quid again. In fact, now everyone and their dog are talking about it going down the pan it'll probably rebound
Yes, this is very true. I can see GBP/USD at that rate in the not too distant future. However, it won't be Sterling strength; it will be because the US Dollar has tanked.
How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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