Reply to: Pound sinking - deflation expected

[BlasterBates]

I'm not sure with a sinking pound, housing estates looking like Belarus, and "strengths" in financial services, this is the most opportune time to stick two fingers at an, at least a half-functioning economy (as opposed to a basket case) on your doorstep.

[Platypus]

Labour keep saying that inflation will fall. But with commodities priced in $ and imports in Euros, how will it fall?

It will fall when people can't afford to buy stuff

[Cyberman]

Labour keep saying that inflation will fall. But with commodities priced in $ and imports in Euros, how will it fall?

This really is a major incentive to expand our farming industry and stick two fingers up at the EU.

[DimPrawn]

Now .843p. This is seriously worrying, although I have Euros. We import much of our goods and this now will stoke inflation.

Brown must do something to cut public debt........ NOW!!!! He most certainly should not be increasing it.

Labour keep saying that inflation will fall. But with commodities priced in $ and imports in Euros, how will it fall?

[Cyberman]

Yikes!!! 1 Euro = .836p

Now .843p. This is seriously worrying, although I have Euros. We import much of our goods and this now will stoke inflation.

Brown must do something to cut public debt........ NOW!!!! He most certainly should not be increasing it.

[Purple Dalek]

http://www.thedailymash.co.uk/news/s...-200811131394/

And those who read it an' giggled, are nowt but fools.

[DimPrawn]

Deflation

http://www.thedailymash.co.uk/news/s...-200811131394/

[Cyberman]

Yikes!!! 1 Euro = .836p

[Francko]

Yes it has - When I first worked out there it was at the $1.4 to the £. Granted there isn't much in it now, but it was lower.

Well I was really considering the only currencies that are of value to me, CHF and EUR and for both it never been that low in the history (1.7 to the CHF so not that far away really).

[BoredBloke]

What do you honestly expect? 1 pound to 1 dollar? Historically the pound has never been any lower than now. I'd be surprised if we are too far away from the bottom. Then again nobody knows for sure else we'll be all millionaire.

Yes it has - When I first worked out there it was at the $1.4 to the £. Granted there isn't much in it now, but it was lower.

[Lockhouse]

I'm off to the states in February for two weeks and have to pay for the hotels in $

[SantaClaus]

That's impossible. The Blessed Maggie was in charge then.

It is indeed true.

However, the low we have to get to first before we hit parity is the June 2001 low of 1.3680.

I wish I could post a monthly chart of the pound here. It looks like Beachyhead, if you get my drift.

[expat]

Historically it went down to $1.05 in 1985 according to http://www.miketodd.net/encyc/dollhist-graph2.htm

That's impossible. The Blessed Maggie was in charge then.

[bobhope]

Bognor Regis it is then next summer

Hey, that's my line.

Good news then: fewer Brits on the beaches.

[Paddy]

http://www.telegraph.co.uk/finance/f...s-deepens.html

Looks like Russia is going to be in the dwang as well. Well characteristically, the Kremlin have dispatched the police to deal with any "dissenters" so I guess unlike the whinging UK the Ruskys will just have to grin and bear it.

Pound is down in value againt the Rouble

http://finance.yahoo.com/currency/co...RUB&amt=1&t=1y