Originally posted by HairyArsedBloke
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Reply to: GBP - look out below!
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Previously on "GBP - look out below!"
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Originally posted by AtW View Post
Originally posted by HairyArsedBloke View PostDo 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.
Is that any good? SKA Inc sure benefits from uber Euro becoming stronger
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!
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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.
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Originally posted by HairyArsedBloke View PostDo 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.
Is that any good? SKA Inc sure benefits from uber Euro becoming stronger
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Originally posted by AtW View Post1.11
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Originally posted by scooterscot View PostSo 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....
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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....
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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
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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?
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