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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
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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. |
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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
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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 |
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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.) |
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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. |
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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
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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
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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
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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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