Bye-bye pound

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d000hg replied

20 January 2009, 14:04
Well £1 < $1.40 now, I'm sure it was back up at $1.50 just a few days ago...
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Mich the Tester replied

20 January 2009, 14:00
Originally posted by BlasterBates View Post

I'm not convinced the pound will maintain its popularity, when it has King Charles all over it. Its the sticky out ears.

Yep, but it’s still better than the thoroughly uninspiring pictures of DFS hardboard Doric temples on Euro notes.
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BlasterBates replied

20 January 2009, 13:57
I'm not convinced the pound will maintain its popularity, when it has King Charles all over it. Its the sticky out ears.
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PM-Junkie replied

20 January 2009, 13:46
Originally posted by Mich the Tester View Post

He’ll struggle to be any worse than the tosser he’s replacing.

He's already shown he's better by virtue of the fact that he can string a coherent sentence together. That alone will make a refreshing change.
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oracleslave replied

20 January 2009, 13:45
Originally posted by sasguru View Post

My personal opinion is he's a bit of a Blair type. All gob and no trousers. Let's hope he's got more of a clue though ...

The alternative was just too horrible to contemplate...
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Mich the Tester replied

20 January 2009, 13:44
Originally posted by sasguru View Post

My personal opinion is he's a bit of a Blair type. All gob and no trousers. Let's hope he's got more of a clue though ...

He’ll struggle to be any worse than the tosser he’s replacing.
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sasguru replied

20 January 2009, 13:43
My personal opinion is he's a bit of a Blair type. All gob and no trousers. Let's hope he's got more of a clue though ...
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oracleslave replied

20 January 2009, 13:36
Originally posted by bogeyman View Post

Embalmer

You're right. He's raised peoples expectations so high, he can only fail to achieve them.

Shame really.

He has some pretty good 'escape routes' though:

Inherited 2 wars, biggest financial crises most people have seen etc etc.

To be fair to him he has always said 'we can do it together' more that "I can fix it on my own".
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bogeyman replied

20 January 2009, 13:34
Originally posted by PM-Junkie View Post

The run on the Euro hasn't started yet - and it will. And once the warm and fuzzy feeling from the inauguration of Embalmer dies off and people realise that he isn't going to solve things overnight, the run on the dollar will start.

It's going to be an entertaining few months....

Embalmer

You're right. He's raised peoples expectations so high, he can only fail to achieve them.

Shame really.
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Liability replied

20 January 2009, 13:33
Originally posted by PM-Junkie View Post

The run on the Euro hasn't started yet - and it will. And once the warm and fuzzy feeling from the inauguration of Embalmer dies off and people realise that he isn't going to solve things overnight, the run on the dollar will start.

It's going to be an entertaining few months....

WHS
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ace00 replied

20 January 2009, 13:33
“I would urge you to sell any sterling you might have,” Jim Rogers, chairman of Singapore-based Rogers Holdings, said in an interview with Bloomberg Television. “It’s finished. I hate to say it, but I would not put any money in the U.K.”

I agree - My pension will not be invested in UK companies. Not only are there weak fundamentals but the LSE is done, short sellers are out of control and the government are too dumb to fix it.
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PM-Junkie replied

20 January 2009, 13:32
The run on the Euro hasn't started yet - and it will. And once the warm and fuzzy feeling from the inauguration of Embalmer dies off and people realise that he isn't going to solve things overnight, the run on the dollar will start.

It's going to be an entertaining few months....
Leave a comment:
Platypus replied

20 January 2009, 13:28
BBC news says pound at lowest level for 7 years.

So like house prices, falling yes but only to values well within living memory
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bogeyman replied

20 January 2009, 13:27
Originally posted by SantaClaus View Post

"sterling continued to plunge today and Jim Rogers, who co-founded the Quantum fund with George Soros, the billionaire investor, told Bloomberg: “I would urge you to sell any sterling you might have. It’s finished. I hate to say it, but I would not put any money in the UK”. "

http://business.timesonline.co.uk/to...cle5552136.ece

Bye bye Pound

Hello Euro
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SantaClaus started a topic Bye-bye pound

20 January 2009, 13:26
Bye-bye pound

"sterling continued to plunge today and Jim Rogers, who co-founded the Quantum fund with George Soros, the billionaire investor, told Bloomberg: “I would urge you to sell any sterling you might have. It’s finished. I hate to say it, but I would not put any money in the UK”. "

http://business.timesonline.co.uk/to...cle5552136.ece
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