Pound dropping against the Euro
Today's Change -1.68%
http://markets.ft.com/data/currencies/tearsheet/summary?s=gbpeur
Today's Change -1.68%
http://markets.ft.com/data/currencies/tearsheet/summary?s=gbpeur
-18.43% in 12 months
- Thread starter JohnD
- Start date
Wow....just checked the rate on that chart vs the US dollar....as I was in the process of moving over here summer 2014, it was around £1:$1.70. Now it's as low as £1:$1.24....sad but it seems I was fortunate to pick the right time to move...at least in terms of finance. 
The Incredible Shrinking Pound is the clearest and most obvious sign of the damage to the UK caused by the Quitters so far. The collapse of the motor industry might be the next one.
You have to laugh. It's so tragic.
Be like Handy. Put your fingers in your ears and close your eyes. Perhaps the truth will go away.
Nice to see that Handy is keeping the thread going.
I'll be back when we hit 20%. Won't be long now.
You have to laugh. It's so tragic.
Be like Handy. Put your fingers in your ears and close your eyes. Perhaps the truth will go away.
Nice to see that Handy is keeping the thread going.
I'll be back when we hit 20%. Won't be long now.
Well that didn't take long...
UK Pound Sterling / US Dollar FX Spot Rate GBPUSD
Today's Change-0.0141 / -1.14%
1 Year change-20.17%
52 week range 1.15 - 1.55
http://markets.ft.com/data/currencies/tearsheet/summary?s=gbpusd
Never mind, the Euro is only down
1 Year change -18.05%
What a shame nobody knows what they're doing.
UK Pound Sterling / US Dollar FX Spot Rate GBPUSD
Today's Change-0.0141 / -1.14%
1 Year change-20.17%
52 week range 1.15 - 1.55
http://markets.ft.com/data/currencies/tearsheet/summary?s=gbpusd
Never mind, the Euro is only down
1 Year change -18.05%
What a shame nobody knows what they're doing.
I'm (un)fortunate enough to look at the situation in europe from a little more of a neutral standpoint these days and I'm not liking what I'm seeing from any angle.
I'm not really a political person so don't get involved with those posts/stories in GD, but I have to admit to some concern over the pound, considering I still own property in the UK.
Hopefully, the instability is only due to the uncertainty over Brexit and things will settle down after a suitable exit strategy is agreed upon, but it may take a long time for the pound to bounce back, with the economy suffering in the meantime.
That's as far as I'm going on this topic!
I'm not really a political person so don't get involved with those posts/stories in GD, but I have to admit to some concern over the pound, considering I still own property in the UK.
Hopefully, the instability is only due to the uncertainty over Brexit and things will settle down after a suitable exit strategy is agreed upon, but it may take a long time for the pound to bounce back, with the economy suffering in the meantime.
That's as far as I'm going on this topic!
Good in a way for me, I bought £25K worth of USD when the going rate was $1.90 to a pound, so I stand to gain a fair bit from Brexit, but wait till 8th and USD will probably fall even more as Donald Duck gets into the office!