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Author Topic: money exchange  (Read 6461 times)

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keithy

money exchange
« on: November 10, 2008 »
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  • hello every one not been out for about 18 months just wondering what the exchange rate is at mo hope someone can help. out there on this friday looking forward to it so much thanks for help in advanc keithy

    sebastian

    Re: money exchange
    « Reply #1 on: November 10, 2008 »
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  • ?1 = ?1.2236 should gone into the euro when it was 3 to 1 as offered by euro rate silly goverments?????

    sebastian

    Re: money exchange
    « Reply #2 on: November 10, 2008 »
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  • Sorry the pound has just hit all time low against ? 1.21

    orange

    Re: money exchange
    « Reply #3 on: November 12, 2008 »
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  • The average UK High Street Travel Rate is now ? 1.17

    The value of the pound has dropped 5 percent in the last month
    against the euro.

    orange

    Re: money exchange
    « Reply #4 on: November 12, 2008 »
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  • I agree with sebastian - we should have joined the euro.

    Too much was being made in Travel/Business Exchange
    and the money markets.

    Queens Head on one side of the euro - no problem.

    All UK coinage has been made to follow the denominaton
    of Euro coinage as well.

    Falstaff

    Re: money exchange
    « Reply #5 on: November 12, 2008 »
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  • The main issue in relation to our joining the Euro was not so much the currency itself but the loss of freedom to control the UK domestic economy through the setting of interest rates and fiscal policies.

    We now have in the Euro Zone a ?one size fits all interest rate? which applies across all economies and no national government is free to determine economic policy for its own country?s needs - unlike Britain which has complete freedom to act in the UK national  interest.  It?s no surprise that Britain has been taking radical  initiatives while Europe has been watching on the sidelines.  The falling pound in a recession will be a godsend to the UK economy whose  main export region is mainland Europe. 

    Watch out for the people of the weaker economies in Europe calling for withdrawal from the Euro as the recession bites hard and  measures are taken by Euro institutions which favour  Germany and France.

    sebastian

    Re: money exchange
    « Reply #6 on: November 12, 2008 »
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  • Dearest FALSESTUFF
    You are barking up the wrong tree either that or you are secretly a labour MP confusing the dear old long suffering BRITISH PEOPLE EUROZONE INFLATION AS AT 31/10/08 is only 3.2% and the FREEDOM you say that the British have working wonderfully as shown on the FINE pound perfomence IS 5.2% dated 14/10/08 against my chosen currency as i would say EXPATS are is the EURO. Really if you quote crap ensure facts are correct as quoted by the primeminister. The worse thing about the situation is that some black guy has made the dollar the strongest it has been for years and the americans are hopeful not to enter the R word as usual the yanks are coming and leave after short time with pockets full and them all singing yankeedoodle dandy We got em again$$$$$$$$$$$$$$$$$$$$

    SO KEEP YOUR RED POLITICS TO THE ONES THAT NEED IT!!!!!!!! NOT I

    LOVE & STUFF

    SEB

    Falstaff

    Re: money exchange
    « Reply #7 on: November 13, 2008 »
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  • Seb, once again you have outsmarted and publicly humiliated me with your clinical analysis and judgement. What can I say but sorry.  Why couldn?t I see it for  myself? Labour have indeed ruined the British economy.

    I once suggested that you should stand for Mayor. What an insult when you have what it takes to be the next Chancellor.

    gigs

    Re: money exchange
    « Reply #8 on: November 14, 2008 »
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  • Hi Falstaff,

    Well done for a sensible posting and for not rising to Seb's baiting rant.  Accusing someone of being far left "red" for wanting to keep the pound is certainly novel !!  Thank god we've got the ability to set out own interest rates.

    The exchange rate is a real bummer, but hopefully near the bottom! - the euro will drop soon as continental Europe sinks further into recession, which ought to at least stop the pound dropping any further.

    Howlinwolf

    Re: money exchange
    « Reply #9 on: November 14, 2008 »
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  •  I'm not too sure about that  https://plus.dailyfx.com/tnews/

    POOKYBLUE

    Re: money exchange
    « Reply #10 on: November 15, 2008 »
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  • I've just looked on M&S which is normally the best rate and it's down to 1.12 now, this is bad bad bad.  Here are a couple of companies that don't charge delivery Interchange FX (1.14) No1 currency (1.13).

    sebastian

    Re: money exchange
    « Reply #11 on: November 15, 2008 »
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  • Gigsy this was not a rant but purely putting old Falseystuff on the correct vain of thought

    ps we go back a long way and i am sure falsey dosen't mind being corrected

    dreadfull rates at the moment and it could get worse Good old Gordon Eh!!!!!!!!!!!!!

    gigs

    Re: money exchange
    « Reply #12 on: November 15, 2008 »
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  • Hi Seb,

    Looking back, I see that you and falsey do indeed have a long-standing love/hate thing going.  His style is in such contrast to yours that I have had another good chuckle at his sardonic reply !

    It's a pity I can't have a chuckle about the exchange rate.  Where will it all stop?  Apartments for the price of an english breakfast?

    orange

    Re: money exchange
    « Reply #13 on: November 19, 2008 »
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  • New record lows have been hit since my last posting. The weakness of the pound is without doubt
    a way of removing the 'profit' from the input of UK Tax Payers money.

    Earned money has more value and is far better looked after, it does not weaken the economy.
    Added to that, the UK has no reserves (gold or otherwise) without mass borrowing. This again
    adds to the weakness.

    It has only just finished paying the loans from the USA for the Second World War...




    Falstaff

    Re: money exchange
    « Reply #14 on: January 14, 2009 »
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  • "The Spanish economy is weak; it needs lower interest rates and a softer currency. Such a prospect, however, doesn't suit Germany, the eurozone's dominant force, so Madrid has to sit and suffer while its people cry for help.

    Ten years after it was launched, the euro is propelling Spain towards disaster. In giving up control of domestic interest rates to the European Central Bank, Madrid handed over a vital instrument of macroeconomic management. It is learning to regret that.

    Had Britain been locked into Europe's single currency, at an exchange rate far higher than today's, there is good reason to believe that we, too, would be suffering double-digit unemployment.  Gordon Brown played a blinder in keeping us out."

    http://www.telegraph.co.uk/finance/comment/jeffrandall/4177828/.html





    orange

    Re: money exchange
    « Reply #15 on: January 14, 2009 »
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  • It is New Labour Policy to adopt the Euro.

    Brown playing a blinder, do me a favour...

    Falstaff

    Re: money exchange
    « Reply #16 on: January 14, 2009 »
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  • It is indeed Labour policy to join the Euro, "when conditions are favourable". The grandiose European state is for them an important political objective. However, socialist ideals and capitalism are unofficially recognised by the right wing of the Labour party as being incompatible, so they use the, "when conditions are favourable" line to pay lip service to the European political objective.

    Brown has played a blinder for being in both camps at the same time and offending no one.

    But there can be no question that Brown has ruined the British economy. He has claimed all the credit in the past for the "success" of the British economy and now that it's taken a dive it's someone else's fault. But he is dead right about the Euro. If we (in the UK) were in it now, things would be an awful lot worse. The weak pound at the moment is the saviour of the British economy (to the annoyance of our  Eurozone competitors).

    Over to you Seb.