Reply to: GBP - look out below!

[AtW]

From a UK centric point of view

Well, I am in the UK though I have to admit that we do hold some euros...

[HairyArsedBloke]

Do learn to quote the right way round if you want to ever convince people that you have even the slightest idea what you are on about.

1 British pound = 1.11944791 Euros

Is that any good? SKA Inc sure benefits from uber Euro becoming stronger

No.

Actually AtW, I must apologise. I made a cheap gag at your expense. It is a confusing subject and open to interpretation. I am sorry.

From a UK centric point of view, quoting EUR like that makes sense. However, even though the UK is the major centre for FX transaction there is an international convention, though not a standard, on the quotation of exchange rates. According to convention EUR is the base currency and GBP would be the quote. i.e. 1 euro = 0.8926 pounds. So as the pound gets weaker the rate goes up!

[alreadypacked]

If I don't get an ext. I think I will look outside the UK again. GPB will not be worth a Euro soon. I think the will increase the interest rate to try to stop the slide.

[Platypus]

The only things to ask for are Galleons, Cubits, or Latinum. None of this fiat currency lark.

You are a

me too

[AtW]

Do learn to quote the right way round if you want to ever convince people that you have even the slightest idea what you are on about.

1 British pound = 1.11944791 Euros

Is that any good? SKA Inc sure benefits from uber Euro becoming stronger

[suityou01]

Do learn to quote the right way round if you want to ever convince people that you have even the slightest idea what you are on about.

[HairyArsedBloke]

1.11

Do learn to quote the right way round if you want to ever convince people that you have even the slightest idea what you are on about.

[OwlHoot]

The only things to ask for are Galleons, Cubits, or Latinum. None of this fiat currency lark.

A nice stretch of Latinum would be good, right by the Tiber.

I could plant a vinyard or something.

[AtW]

1.11

[HairyArsedBloke]

So what are you saying here, if a client was wanting to pay me in euros and should not ask them for ££££?

Now I am confused....

The only things to ask for are Galleons, Cubits, or Latinum. None of this fiat currency lark.

[scooterscot]

So what are you saying here, if a client was wanting to pay me in euros and should not ask them for ££££?

Now I am confused....

[TimberWolf]

So is the new trend that Sterling loses between 0.5% and 1% daily against all major currencies going to carry on indefinitely now? At this rate we will all be millionaires before the election and debts will be paid off

[Jog On]

Looking on the charts (weekly and monthly for GBP/USD) it could still go a way yet.

They want to push the Euro down to the 1.2000 mark as well

[doodab]

How low can it go?

Lower than it is.

[aussielong]

GBP is getting flogged

I've made 1000 quid in the last few hours, if i close out my position now.

How low can it go?