Pound to fall

[KentPhilip]

If only the government could find some way of persuading people to keep their money in Sterling for a derisory interest rate (negative in real unfiddled terms likely) and locked in for 5 years.

By which I presume you are referring to the re-introduction of NS&I indexed linked certificates last week.

Yep I think you're probably right. Far better to stick all your money into the far east.

Do I get "best answer"?

(oops wrong website)

 

[AtW]

By which I presume you are referring to the re-introduction of NS&I indexed linked certificates last week.

Most people don't have any savings worth talking about because sadly disposable incomes were very low and now falling and much of the "wealth" was based on borrowing cheap debt against ever raising house prices.

So with a £15k cap on NS&I they will never attract enough money from people who have billions in savings - and they did not even plan on it, this is just a side show designed to demonstrate that they are doing "something" for savers instead of just getting interest rates where they should have been: 7-10%.

 

[Jog On]

I'm long EUR/GBP from 0.8810

 

[Old Greg]

I'm long EUR/GBP from 0.8810

Does that mean you haven't changed your holiday money back. Or is it the other way round?

 

[doodab]

I'm just about to trade in some euros and go long on beer. You've got to speculate to accumulate.

 

[AtW]

You've got to speculate to accumulate.

 

[Sysman]

So the euro has just begun in life - buy now i tell you!!

Aye, but looking at the graph, don't hang onto it for longer than 50 years:

 

[AtW]

Aye, but looking at the graph, don't hang onto it for longer than 50 years:

You mean 50 years after World War?

 

[Sysman]

By which I presume you are referring to the re-introduction of NS&I indexed linked certificates last week.

Yep I think you're probably right. Far better to stick all your money into the far east.

Do I get "best answer"?

(oops wrong website)

Today I bumped into an old mate who is now in Asia. He reckons the place is doing fabulously well and everybody is shopping until they drop.

Hmm. Sounds a bit reminiscent of The West before the crash. Hope it doesn't end in tears.

 

[lilelvis2000]

Sysman
Originally Posted by KentPhilip
By which I presume you are referring to the re-introduction of NS&I indexed linked certificates last week.

Yep I think you're probably right. Far better to stick all your money into the far east.

Do I get "best answer"?

(oops wrong website)
Today I bumped into an old mate who is now in Asia. He reckons the place is doing fabulously well and everybody is shopping until they drop.

Hmm. Sounds a bit reminiscent of The West before the crash. Hope it doesn't end in tears.

Sounds like my wife right now.