The pound - Contractor UK Bulletin Board

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tay replied

4 January 2008, 14:38
Thats the point Dim, I wish it was pathetic, but it is outperforming the pound at the moment. Pull your socks up blighty!
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DimPrawn replied

4 January 2008, 14:29
Because most here are Aussies/Kiwis/Saffers on holiday visas, coining it in in GBP, and then sitcking it back home in Pesos or whatever the pathetic currency is there.

HTH
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BankingContractor replied

4 January 2008, 14:27
Why does anyone care about the value of the pound - its only a quid..!!
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larry replied

4 January 2008, 10:21
Originally posted by Dow Jones View Post

Pound will go into freefall if interest rates go down again - on the advice of the Gov't (who are now reaping what they have sown for 10 years). Dollar (after years of weakness) is going up along with oil and gold pices (both of which are quoted in $) and even the Euro is booming with 2 more EU countries joining in. Not a good year for the £ it seems. At least it'll be good for reducing the trade deficit.

The Dollar moves inversely to the price of gold. Gold and the dollar can't go up at the same time. When the dollar weakens, there's more of them to buy commodities.

Gold and the Swiss Franc are said to prompt a 'flight to quality' when the US is looking at a possible slow down.
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bobhope replied

4 January 2008, 07:08
Are you saying you haven't diversified your portfolio to hedge your currency risk?

I dunno, b*****ng amateurs.

Look on the bright side, if GBP continues to drop then you'll be looking forward to holidays in Skegness :-)
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MrsGoof replied

3 January 2008, 23:30
Originally posted by tay View Post

The weak pound is getting to the point of effecting my retirement date

my kids are affecting mine
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bored replied

3 January 2008, 21:05
Most of my shares are outside UK so I'm quite happy
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milanbenes replied

3 January 2008, 14:37
quite

Milan.
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cailin maith replied

3 January 2008, 14:30
Originally posted by tay View Post

Good point Milan.... I will just pop off now to change monetary policy for the country... back in a jiffy.
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tay replied

3 January 2008, 14:06
Good point Milan.... I will just pop off now to change monetary policy for the country... back in a jiffy.
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milanbenes replied

3 January 2008, 14:03
that's it tay, blame someone else

Milan.
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tay replied

3 January 2008, 14:01
Well if you and the missus can easily live off 37K a year shouldn't take you long to make up the shortfall.

Thats not the point. I have a plan and the shenanigans of NL might mess with it by a month or two.... unacceptable!
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oracleslave replied

3 January 2008, 13:41
Originally posted by tay View Post

The weak pound is getting to the point of effecting my retirement date

Well if you and the missus can easily live off 37K a year shouldn't take you long to make up the shortfall.
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tay replied

3 January 2008, 13:26
The weak pound is getting to the point of effecting my retirement date
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Pondlife replied

3 January 2008, 13:22
New contract is in Euro which I'm viewing as an additional rate increase
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