samssong Posted February 18, 2016 Share Posted February 18, 2016 Sterling, an institute recognised globally, a coin of worth and prestige. Euro, a much maligned and cursed coin, the result of silly bureaucrats and the cause of Greek downfall. The above two statements were very true about 2 years ago. Now that the referendum is firmly on the agenda the pound is sinking away against all other major coins in the world. This isn't the first time, but it is the first time that it is happening against a Euro that is still considered in the throws of a massive depression. Not good news for a country that relies on importing cheaply and selling dearly. What a load of rubbish. Link to comment Share on other sites More sharing options...
Gamston Posted February 18, 2016 Share Posted February 18, 2016 This isn't the first time, but it is the first time that it is happening against a Euro that is still considered in the throws of a massive depression. Didn't the two currencies come close to parity in 2009 ? Are you scaremongering ? Link to comment Share on other sites More sharing options...
GLASGOWOODS Posted February 18, 2016 Share Posted February 18, 2016 Didn't the two currencies come close to parity in 2009 ? Are you scaremongering ? TZ is on Camerons payroll. Link to comment Share on other sites More sharing options...
the_bloke Posted February 18, 2016 Share Posted February 18, 2016 So if you are billing in $ and the £ has slipped v the dollar you get more money or alternatively if you bill in £, then you are cheaper and more competitive? We always bill in $ Thankfully I get paid in £ Link to comment Share on other sites More sharing options...
I1L2T3 Posted February 18, 2016 Share Posted February 18, 2016 Very interesting. Doesn't seem to be true at all: http://www.xe.com/currencycharts/?from=GBP&to=USD&view=1M Most of our trade is outside the EU. To ascribe this to the matter of Brexit is fantasy in my view. First bit in bold. Your link doesn't proven anything. Second bit in bold. No it isn't. Link to comment Share on other sites More sharing options...
tinfoilhat Posted February 18, 2016 Share Posted February 18, 2016 Sterling, an institute recognised globally, a coin of worth and prestige. Euro, a much maligned and cursed coin, the result of silly bureaucrats and the cause of Greek downfall. The above two statements were very true about 2 years ago. Now that the referendum is firmly on the agenda the pound is sinking away against all other major coins in the world. This isn't the first time, but it is the first time that it is happening against a Euro that is still considered in the throws of a massive depression. Not good news for a country that relies on importing cheaply and selling dearly. It's down to uncertainty - the markets hate that. It will settle once we're in or out. The dollar will go bat **** on the run up to the US election if it's a toss up between sanders and trump. Link to comment Share on other sites More sharing options...
tzijlstra Posted February 18, 2016 Author Share Posted February 18, 2016 Didn't the two currencies come close to parity in 2009 ? Are you scaremongering ? Yes they did, when the Euro was completely caught up in the Greek crisis the pound regained a bit of ground because it became clear Osbourne wasn't going to pay the Greeks off. What is scary this time is that the pound is slipping whilst the same uncertainty still exists around the Eurozone. In other words - there is more uncertainty about the UK and Brexit than there is about the Euro. It isn't scaremongering, the stats are there for all to see and interpret. I am unhappy though, our euros have sailed a long time ago and were replaced with GBP on my (English) wife's insistence. I now thing she was incredibly wrong. Link to comment Share on other sites More sharing options...
biotechpete Posted February 18, 2016 Share Posted February 18, 2016 Sterling, an institute recognised globally, a coin of worth and prestige. Euro, a much maligned and cursed coin, the result of silly bureaucrats and the cause of Greek downfall. The above two statements were very true about 2 years ago. Now that the referendum is firmly on the agenda the pound is sinking away against all other major coins in the world. This isn't the first time, but it is the first time that it is happening against a Euro that is still considered in the throws of a massive depression. Not good news for a country that relies on importing cheaply and selling dearly. 2 years ago on the 18th February 2014 the GBP-Eur exchange rate closed at 1.209. Today it closed at 1.29. Link to comment Share on other sites More sharing options...
tzijlstra Posted February 18, 2016 Author Share Posted February 18, 2016 2 years ago on the 18th February 2014 the GBP-Eur exchange rate closed at 1.209. Today it closed at 1.29. And that means the GBP isn't losing value compared to other coins because? Link to comment Share on other sites More sharing options...
L00b Posted February 19, 2016 Share Posted February 19, 2016 I am unhappy though, our euros have sailed a long time ago and were replaced with GBP on my (English) wife's insistence. As a fellow € (), I'm surprised you didn't keep a position playing/safeguarding both. Cash savings-wise, I tend to keep about as much of one as the other. Link to comment Share on other sites More sharing options...
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