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The fall of the Pound Sterling

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  • #16
    Originalmente publicado por cb2011 Ver Mensaje
    wouldnt want to join at a rate of 1.24.

    the extra cost of importing into the uk at the moment must be crippling many companies.
    When it gets to 1 pound = 1 euro we will all be kicking ourselves we didn't change our money when the rate was 1.24 to the pound. What a scary thought.

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    • #17
      Originalmente publicado por Chrisdee Ver Mensaje
      When it gets to 1 pound = 1 euro we will all be kicking ourselves we didn't change our money when the rate was 1.24 to the pound. What a scary thought.
      Changed mine already at 1.48 . Ready to change it back to sterling next year or sooner !

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      • #18
        Originalmente publicado por tangobrian Ver Mensaje
        Changed mine already at 1.48 . Ready to change it back to sterling next year or sooner !
        As the song goes 'Those were the days my friend' Drinks are on you then tonight!

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        • #19
          Originalmente publicado por tangobrian Ver Mensaje
          Bad exchange rate for the pensions but for those thinking of selling their house and returning to the UK (if you can sell) , not so bad !

          I got 1.48 three years ago when I bought my house and sterling was strong.
          I changed some sterling into Euros about two years ago at Cam Bank and got 1.54

          Example
          Buy house 200,000 euros @1.48 = £135,135
          Sell house 167,567 euros @1.24 = £135,135 . You get your money back!
          Sell at 16% cheaper than you bought
          Just a thought.......
          But also, house prices in the UK have dropped so it's a win-win situation.
          Not so good for anyone living here getting income from the UK.

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          • #20
            House price deflation may be the case for England & Wales, but in Scotland which is where I am from, they have risen just over 3% in the last year. Since that is where I am likely to want to return to see out my days, it unfortunately is not quite so good.

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            • #21
              Originalmente publicado por Mick94 Ver Mensaje
              House price deflation may be the case for England & Wales, but in Scotland which is where I am from, they have risen just over 3% in the last year. Since that is where I am likely to want to return to see out my days, it unfortunately is not quite so good.
              Well, conflicting info.
              I've had a starter flat for sale in Glasgow for the last two months. Not one person has come to see. My lawyer tells me that the main reason is that you can't get a mortgage.
              I don't see how Scotland will be isolated from what's happening elsewhere.
              Are you sure that the agents are not talking things up?

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              • #22
                That is very interesting indeed. The exact figure for house price inflation in Scotland overall is 3.6 %. Of course, that may be affected by sales of larger properties and not reflect what is happening at the so called lower value end of the market - first time buyers, 'starter' homes etc.

                My property value here may just stretch to a fourth floor tenement requiring renovation. I do suppose that the recession may yet be about to hit Scotland and that property prices have yet to fall ? Job losses as in England & Wales have also not happened (yet ?)

                I don't trust estate agents (a bit like TV suppliers, builders and white van men in Spain !) and can only go by research on the net and watching property movement on the on line websites (Your Move, S1Homes etc etc) which I have been doing for the past nine months or so.

                Pound/Euro today - 1.232 Euro/Pound - 81.2

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                • #23
                  Originalmente publicado por Mick94 Ver Mensaje
                  House price deflation may be the case for England & Wales, but in Scotland which is where I am from, they have risen just over 3% in the last year. Since that is where I am likely to want to return to see out my days, it unfortunately is not quite so good.
                  I can´t imagine why anyone would want to see out their days in Bonnie Scotland, that land of mist and mellow murkiness. Even all your politicians want to be in London ruling the English - what´s the latest from the multi-billion pound Scottish Assembly or has it shut due to lack of interest?

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                  • #24
                    Slowing down the economy!

                    The apparent reason for the whole MESS with currencies, interest rates etc is that the politicians want to "slow down the economies", creating more unemployment, less goods to purchase and more people getting into debt.

                    WHY DOES ANYONE WANT TO DO THIS?

                    Yes, it is a problem that the cost of housing has sky-rocketed, however the only way to combat that, is to BUILD (thus speeding up the economy) more housing, even in places where people don't want them.

                    Was it the book 1984 that described a world where all departments of government had names opposite of what they where doing? The UK (and most of the EU) is run by labour/socialist governments. At least they call themselves that.

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                    • #25
                      Originalmente publicado por Warrior Ver Mensaje
                      I can´t imagine why anyone would want to see out their days in Bonnie Scotland, that land of mist and mellow murkiness. Even all your politicians want to be in London ruling the English - what´s the latest from the multi-billion pound Scottish Assembly or has it shut due to lack of interest?
                      Believe me, after seeing some of the English on holiday here, I'd gladly go to the misty and murky land called Scotland.
                      I have nothing against the English. I lived in Preston for 10 years and have nothing but good things to say about northerners.
                      Southerners? Well that's another matter!

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                      • #26
                        The 'auld enemy' again ? I'm keeping quiet about my political views ! I miss the weather patterns and the countryside though.

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                        • #27
                          Best rates?

                          If anyone knows where I can get an exchange rate of 1.23 today, please tell me. What it says on the BBC website is not what the currency exchange companies are offering, best rate today is 1.21.

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                          • #28
                            TRY HIFX (based in Windsor, England ) Have dealt with them for years in business !

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                            • #29
                              Thanks

                              tangobrian, thanks for the info, probably one of the few companies I don't have an account with!

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                              • #30
                                well the rate is now 1.228 i know it's not the 1.52's we got last yr but it's better than
                                1 to1

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