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Pound at an all time low against the Euro



 
 
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  #1  
Old November 18th, 2007, 04:12 PM posted to rec.travel.europe
El Dude
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Posts: 7
Default Pound at an all time low against the Euro



I predict that the Euro and Pound will reach parity within the next 4
years The Pound will continue its spiral downwards till .88 cents and
at that time the UK will join the euro zone.
  #2  
Old November 18th, 2007, 06:14 PM posted to rec.travel.europe
El Dude
external usenet poster
 
Posts: 7
Default Pound at an all time low against the Euro

On Nov 18, 10:21 am, Martin wrote:
On Sun, 18 Nov 2007 07:12:05 -0800 (PST), El Dude wrote:

I predict that the Euro and Pound will reach parity within the next 4
years The Pound will continue its spiral downwards till .88 cents and
at that time the UK will join the euro zone.


Don't give up your day job.
--

Martin


Have you noticed that the Pound has been consistently devaluating
against every single major currency in the world except the $ (and
that's because of the $ implosion not the strengh of the Pound)?.
Interest rates have reached their peak in the UK and there is no
reason of existance for the Pound in a world that will be divided
between three major currencies in the near futu Euro, a North
American currency that will include Canada and Mexico and an Asian
currency.

If you live in continental Europe you'll notice that the Pound buys
less and less as time goes by. The shoe already dropped for the $. The
British Pound is next.
  #3  
Old November 18th, 2007, 06:57 PM posted to rec.travel.europe
Doesn't Frequently Mop
external usenet poster
 
Posts: 1,264
Default Pound at an all time low against the Euro

On the particular moment of Sun, 18 Nov 2007 07:12:05 -0800 (PST) in
relation to the death of Jesus, El Dude put
forth:

I predict that the Euro and Pound will reach parity within the next 4
years The Pound will continue its spiral downwards till .88 cents and
at that time the UK will join the euro zone.


I predict you wouldn't bet on it.
--
---
DFM - http://www.deepfriedmars.com
---
--
  #4  
Old November 18th, 2007, 08:54 PM posted to rec.travel.europe
James Silverton[_2_]
external usenet poster
 
Posts: 531
Default Pound at an all time low against the Euro

Martin wrote on Sun, 18 Nov 2007 16:21:41 +0100:

?? I predict that the Euro and Pound will reach parity within
?? the next 4 years The Pound will continue its spiral
?? downwards till .88 cents and at that time the UK will join
?? the euro zone.

M Don't give up your day job.

And give your source of information! According to Oanda, the
pound has varied between about EUR 1.55 on 1/4/2003 and EUR 1.38
on 5/27/03. It was EUR 1.4022 today. Since the average value
between 1/1/2003 and today is EUR 1.4644, with a standard
deviation of EUR 0.0273, the maximum and minimum deviations from
the average are not spectacular even if significant, being about
3 sigma.

James Silverton
Potomac, Maryland

E-mail, with obvious alterations:
not.jim.silverton.at.verizon.not

  #5  
Old November 18th, 2007, 10:10 PM posted to rec.travel.europe
EvelynVogtGamble(Divamanque)
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Posts: 2,816
Default Pound at an all time low against the Euro



El Dude wrote:


I predict that the Euro and Pound will reach parity within the next 4
years The Pound will continue its spiral downwards till .88 cents and
at that time the UK will join the euro zone.


Really? At present the UK pound is worth half again as much
in USD as it was the last time I was in Europe ($2.00 now as
opposed to $1.55 then). I can't comment on GBP versus euro,
because I never compared them before. (My concern has
always been how much I was spending in Ameircan money, since
that's my native currency.)
  #6  
Old November 18th, 2007, 10:36 PM posted to rec.travel.europe
El Dude
external usenet poster
 
Posts: 7
Default Pound at an all time low against the Euro

On Nov 18, 4:10 pm, "EvelynVogtGamble(Divamanque)"
wrote:
El Dude wrote:

I predict that the Euro and Pound will reach parity within the next 4
years The Pound will continue its spiral downwards till .88 cents and
at that time the UK will join the euro zone.


Really? At present the UK pound is worth half again as much
in USD as it was the last time I was in Europe ($2.00 now as
opposed to $1.55 then). I can't comment on GBP versus euro,
because I never compared them before. (My concern has
always been how much I was spending in Ameircan money, since
that's my native currency.)


In the last 5 years the $ has depreciated 30% with respect the Euro
and 23% with respect the British Pound. At the same time in those 5
years the British Pound has lost 10% of its value with respect the
Euro. It's not a short term reaction to certain market conditions but
a downward trend that is going to accelerate in the next few years and
that will eventually end the existance of the GBP.
  #7  
Old November 18th, 2007, 11:34 PM posted to rec.travel.europe
David Horne, _the_ chancellor[_2_]
external usenet poster
 
Posts: 6,049
Default Pound at an all time low against the Euro

Martin wrote:

On Sun, 18 Nov 2007 13:36:52 -0800 (PST), El Dude wrote:

On Nov 18, 4:10 pm, "EvelynVogtGamble(Divamanque)"
wrote:
El Dude wrote:

I predict that the Euro and Pound will reach parity within the next 4
years The Pound will continue its spiral downwards till .88 cents and
at that time the UK will join the euro zone.

Really? At present the UK pound is worth half again as much
in USD as it was the last time I was in Europe ($2.00 now as
opposed to $1.55 then). I can't comment on GBP versus euro,
because I never compared them before. (My concern has
always been how much I was spending in Ameircan money, since
that's my native currency.)


In the last 5 years the $ has depreciated 30% with respect the Euro
and 23% with respect the British Pound. At the same time in those 5
years the British Pound has lost 10% of its value with respect the
Euro. It's not a short term reaction to certain market conditions but
a downward trend that is going to accelerate in the next few years and
that will eventually end the existance of the GBP.


The GBP is the same value against the Euro as it was in 1999. Source ECB.


And it's been lower than it currently is too. I don't know what the
lowest is, but I remember 1.37 or thereabouts a few years ago. Having
just received a relatively large payment in Euro, I'm personally not
complaining about the current rate.

--
(*) ... of the royal duchy of city south and deansgate
http://www.davidhorne.net - real address on website
"He can't be as stupid as he looks, but nevertheless he probably
is quite a stupid man." Richard Dawkins on Pres. Bush"
  #8  
Old November 19th, 2007, 01:53 PM posted to rec.travel.europe
JohnT[_3_]
external usenet poster
 
Posts: 568
Default Pound at an all time low against the Euro

"David Horne, _the_ chancellor (*)" wrote in message
...


And it's been lower than it currently is too. I don't know what the
lowest is, but I remember 1.37 or thereabouts a few years ago. Having
just received a relatively large payment in Euro, I'm personally not
complaining about the current rate.


Drinks all round?
--

JohnT

  #9  
Old November 19th, 2007, 03:15 PM posted to rec.travel.europe
David Horne, _the_ chancellor[_2_]
external usenet poster
 
Posts: 6,049
Default Pound at an all time low against the Euro

JohnT wrote:

"David Horne, _the_ chancellor (*)" wrote in message
...


And it's been lower than it currently is too. I don't know what the
lowest is, but I remember 1.37 or thereabouts a few years ago. Having
just received a relatively large payment in Euro, I'm personally not
complaining about the current rate.


Drinks all round?


Remember I was talking large payments European style. I'm stlll saving
for the deposit on a B&W telly.

--
(*) ... of the royal duchy of city south and deansgate
http://www.davidhorne.net - real address on website
"He can't be as stupid as he looks, but nevertheless he probably
is quite a stupid man." Richard Dawkins on Pres. Bush"
  #10  
Old November 19th, 2007, 07:01 PM posted to rec.travel.europe
EvelynVogtGamble(Divamanque)
external usenet poster
 
Posts: 2,816
Default Pound at an all time low against the Euro



David Horne, _the_ chancellor (*) wrote:

Martin wrote:


On Sun, 18 Nov 2007 13:36:52 -0800 (PST), El Dude wrote:


On Nov 18, 4:10 pm, "EvelynVogtGamble(Divamanque)"
wrote:

El Dude wrote:


I predict that the Euro and Pound will reach parity within the next 4
years The Pound will continue its spiral downwards till .88 cents and
at that time the UK will join the euro zone.

Really? At present the UK pound is worth half again as much
in USD as it was the last time I was in Europe ($2.00 now as
opposed to $1.55 then). I can't comment on GBP versus euro,
because I never compared them before. (My concern has
always been how much I was spending in Ameircan money, since
that's my native currency.)

In the last 5 years the $ has depreciated 30% with respect the Euro
and 23% with respect the British Pound. At the same time in those 5
years the British Pound has lost 10% of its value with respect the
Euro. It's not a short term reaction to certain market conditions but
a downward trend that is going to accelerate in the next few years and
that will eventually end the existance of the GBP.


The GBP is the same value against the Euro as it was in 1999. Source ECB.



And it's been lower than it currently is too. I don't know what the
lowest is, but I remember 1.37 or thereabouts a few years ago. Having
just received a relatively large payment in Euro, I'm personally not
complaining about the current rate.


LOL! I have a friend who receives a small (widow's) pension
from Germany. (Her husband was a Czech orchestra conductor
who fled the Nazis - I'm not quite clear whether the pension
is from his profession or from his being a Jewish refugee.)
She, too, is happy with the increasing size of that income
in USD.
 




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