Reply to: Pound at historic low

[Olly]

me tooooooooo ....15% pay rise since start of project...beginning to look more like 20% and since i get paid in Euro i get to choose when to transfer...pissed off of course i hadn't left it all in Euro over last 8 months. ohhhhh well.

[Pondlife]

Invoice for 23 days + exps has it's payment tun today.

This is the best one ever in the history of pondlife enterprises.

I'm sooo happy I'm going to have a banana.

[Purple Dalek]

Wooo....

Pound just dropped now above 0,89 to the Euro, parity isn't far off.

I reckon everyone is "egging" for parity and then it'll stick there.

Wonder what some automated systems will make of parity...

[BlasterBates]

Wooo....

Pound just dropped now above 0,89 to the Euro, parity isn't far off.

I reckon everyone is "egging" for parity and then it'll stick there.

[Purple Dalek]

If Brown starts to talk up a spring election and with the US car bailout becoming very expensive, I'm hoping for a $1.55 by Feb which I can live with.

Car bailout is cancelled, for now, which has helped the pound this morning.

[Lockhouse]

You could could buy a big wad of US cash now...

If Brown starts to talk up a spring election and with the US car bailout becoming very expensive, I'm hoping for a $1.55 by Feb which I can live with.

[d000hg]

I'm off to the US in Feb - not paid for the hotels yet - hoping things improve rather than get worse.

You could could buy a big wad of US cash now...

[Lockhouse]

I'm off to the US in Feb - not paid for the hotels yet - hoping things improve rather than get worse.

[Purple Dalek]

Shipping on that would be quite expensive I fear...

Actually only £75 with GLS. Well, not a wardrobe, but an antique set of drawers and mirrors. The insurers cost more.

HTH

[OwlHoot]

I went to NYC in 2002 and it was about 1.5/1 ... I remember thinking stuff out there "wasn't that cheap".. had heard stories you could go out there with no clothes, buy a cheap suitcase and return with a new wardrobe for $150..

Although you'd be making life easy for the check in security staff, I think these days they'd stop you getting on the plane if you turned up at the airport naked.

[ratewhore]

...return with a new wardrobe for $150..

Shipping on that would be quite expensive I fear...

[chris79]

I went to NYC in 2002 and it was about 1.5/1 ... I remember thinking stuff out there "wasn't that cheap".. had heard stories you could go out there with no clothes, buy a cheap suitcase and return with a new wardrobe for $150..

[Platypus]

"the last time the pound was this low, was in the 1970's when it faced bankruptcy"

I don't get this: I remember a £/$ rate of 1.45 around 2001

So the pound is not at a 28 year low, compared to the dollar.

What other currencies are they comparing with? All of the old European currencies have disappeared ...

[BlasterBates]

"the last time the pound was this low, was in the 1970's when it faced bankruptcy"

[Doggy Styles]

About a month ago, who said the UK economy is well placed to ride out the recession?

It looks like Europe disagrees.