TopGun Posted 11 December, 2008 Posted 11 December, 2008 Got down to £1:€1.12 earlier today and not much better with the dollar at $1.49. Got to wonder whether the £ can stand alone in a long deep recession or whether it's time to jack it in and release some pressure by joining the Eurozone...
Thedelldays Posted 11 December, 2008 Posted 11 December, 2008 we wont jack it in.....not in a few years at least
CabbageFace Posted 11 December, 2008 Posted 11 December, 2008 We will join the "eurozone" very soon, and one day there will be currency for the whole world. Good times.
Scudamore Posted 11 December, 2008 Posted 11 December, 2008 We will join the "eurozone" very soon, and one day there will be currency for the whole world. Good times. What will it be called?
MongoNeil Posted 11 December, 2008 Posted 11 December, 2008 What will it be called? The Dollar-Pound as per Red Dwarf
Hatch Posted 11 December, 2008 Posted 11 December, 2008 What will it be called? Drogna. And that'll be a fact.
Scudamore Posted 11 December, 2008 Posted 11 December, 2008 Drogna. And that'll be a fact. Didier Drogna? Will i still be able to use terms like pony and monkey?
bridge too far Posted 11 December, 2008 Posted 11 December, 2008 Didier Drogna? Will i still be able to use terms like pony and monkey? Will I still be able to 'spend a penny' :oops:
Thedelldays Posted 11 December, 2008 Posted 11 December, 2008 (edited) Didier Drogna? Will i still be able to use terms like pony and monkey? :smt103 Edited 11 December, 2008 by Thedelldays
Scudamore Posted 11 December, 2008 Posted 11 December, 2008 Will I still be able to 'spend a penny' :oops: Yes. But it will cost you 10,000 yen.
Scudamore Posted 11 December, 2008 Posted 11 December, 2008 :smt103 Man i hate cockneys... http://www.geocities.com/knightshade3/****ney.html
CabbageFace Posted 11 December, 2008 Posted 11 December, 2008 No seriously it will be called "the Worldo"
TopGun Posted 11 December, 2008 Author Posted 11 December, 2008 No seriously it will be called "the Worldo" Won't the French call it the Mondeo?
Pancake Posted 11 December, 2008 Posted 11 December, 2008 We will adopt the Euro when the Queen passes on IMHO. What better time to bring in new notes than when you need to start making new notes anyway?
OldNick Posted 11 December, 2008 Posted 11 December, 2008 we needed to join 2 years ago when the pound was at its strogest.We would be more wealthier than if we have to join when we are at parity.
Draino76 Posted 11 December, 2008 Posted 11 December, 2008 Got down to £1:€1.12 earlier today and not much better with the dollar at $1.49. Got to wonder whether the £ can stand alone in a long deep recession or whether it's time to jack it in and release some pressure by joining the Eurozone... The devaluation of the Pound is a great thing for the UK economy and will certainly help us get out of recession quicker. 1) We export our goods and services more cheaply. 2) Importing goods becomes more expensive so we buy UK stuff. 3)Tourists flock to the UK and shop/spend here as it is so cheap. Worst thing I can think of is the expense of my French ski holiday next year.
bridge too far Posted 11 December, 2008 Posted 11 December, 2008 I think we should join the Euro NOW!
Draino76 Posted 11 December, 2008 Posted 11 December, 2008 I think we should join the Euro NOW! I don't. They will be in recession a lot longer than we will. Think of Europe as the Sirius Star tanker trying to turn its economy around comared to the Fast Cat that is UKPLC.
Baj Posted 11 December, 2008 Posted 11 December, 2008 all of our life savings are in Euros, we've made about £8k in the last year on the exchange rate alone (the money is for down payment on a house in the UK when we eventually buy)
bridge too far Posted 11 December, 2008 Posted 11 December, 2008 all of our life savings are in Euros, we've made about £8k in the last year on the exchange rate alone (the money is for down payment on a house in the UK when we eventually buy) Whereas a friend of mine, living in Spain but collecting his pension in sterling, is losing about £2K a month he reckons!
Baj Posted 11 December, 2008 Posted 11 December, 2008 Whereas a friend of mine, living in Spain but collecting his pension in sterling, is losing about £2K a month he reckons! Only if his pension is £8k a month!!!
Hatch Posted 11 December, 2008 Posted 11 December, 2008 Whereas a friend of mine, living in Spain but collecting his pension in sterling, is losing about £2K a month he reckons! you make your bed, you lie in it.
anothersaintinsouthsea Posted 11 December, 2008 Posted 11 December, 2008 Only if his pension is £8k a month!!! Poor chap! Seriously, the pound has been overvalued against the Euro and Dollar for best part of five years, it's gone a bit too far the other way but these things are cyclical.
bridge too far Posted 11 December, 2008 Posted 11 December, 2008 Only if his pension is £8k a month!!! It probably was, TBH
TopGun Posted 11 December, 2008 Author Posted 11 December, 2008 The devaluation of the Pound is a great thing for the UK economy and will certainly help us get out of recession quicker. 1) We export our goods and services more cheaply. 2) Importing goods becomes more expensive so we buy UK stuff. 3)Tourists flock to the UK and shop/spend here as it is so cheap. Worst thing I can think of is the expense of my French ski holiday next year. I have an online tourism client I write PR for. They provide exposure and take bookings for for UK independent sector hotels and guest houses. Guess what my press release was about on Monday? It is good for the things Draino mentions but we can't operate in isolation in a global economy forever.
Johnny Bognor Posted 11 December, 2008 Posted 11 December, 2008 Whereas a friend of mine, living in Spain but collecting his pension in sterling, is losing about £2K a month he reckons! Not on a public sector pension by any chance?
bridge too far Posted 11 December, 2008 Posted 11 December, 2008 Not on a public sector pension by any chance? Good lord no :shock: We public sector employees can't afford to buy mansions in Spain. He is a very successful businessman who has taken very early retirement and, in all honesty, probably won't miss the £2K a month. But I'm sure there are lots of people who have retired to Spain on modest pensions who are really suffering. My friend was also telling me that the cost of living has rocketed in Spain - although I think that's Europe-wide however. There are far more people out of work there (proportionately) and the Spanish construction industry has absolutely ground to a halt.
Scudamore Posted 11 December, 2008 Posted 11 December, 2008 The Spanish construction industry has absolutely ground to a halt. They're all on siesta
amsterdam Posted 11 December, 2008 Posted 11 December, 2008 As I'm paid in Euro's my salary has just passed 100k quid a year Shame all my outgoings are also in Euro's...
Arizona Posted 11 December, 2008 Posted 11 December, 2008 I can go one better than that, I get paid in Euros and live in UK. Result!
amsterdam Posted 11 December, 2008 Posted 11 December, 2008 I can go one better than that, I get paid in Euros and live in UK. Result! Nice one!! Was thinking of working back in the UK last year, but to be paid in GBP and have outgoings in Euro's would be a nightmare at the moment...
Mole Posted 11 December, 2008 Posted 11 December, 2008 I´ve been trawling the exhanges in Tenerife today. The best rate i could find was 1.115 to the pound. Banks were offering between 1.06 and 1.09. In the UK the high street rate is worse, but you can get better online. Check out MONEYSAVINGEXPERT for rates if you´re travelling. The site does all the hard work for you.
OldNick Posted 11 December, 2008 Posted 11 December, 2008 Whereas a friend of mine, living in Spain but collecting his pension in sterling, is losing about £2K a month he reckons!I didnt know Scargill lived in Spain
bridge too far Posted 11 December, 2008 Posted 11 December, 2008 I didnt know Scargill lived in Spain How droll you are sometimes, Nick. I'm barely holding my sides together
Thedelldays Posted 11 December, 2008 Posted 11 December, 2008 I think we should join the Euro NOW! you strike me as the sort of poster that would happily blame maggie for eroding british communities and what we "stood for"... you cant be serious in your support in ditching one of the symbols if the UK....the Great British Pound....????
TopGun Posted 11 December, 2008 Author Posted 11 December, 2008 you strike me as the sort of poster that would happily blame maggie for eroding british communities and what we "stood for"... you cant be serious in your support in ditching one of the symbols if the UK....the Great British Pound....???? Unfortunately TDD, much as I like you, you seem incapable of getting past Good Old Blighty and the Empire in any of your posts on the Lounge. I am convinced that your staunch if simplistic world views make you an excellent employee of the RN though. When you're not wasting taxpayers money all day long on here or watching Jeremy Kyle of course.
St Landrew Posted 12 December, 2008 Posted 12 December, 2008 I wonder if Gordon will peg the Pound to the Euro if and when parity is achieved, and effectively we'll have the EuroPound..? That would be getting the Euro into the UK by the back door..!
Penfold Posted 12 December, 2008 Posted 12 December, 2008 I wonder if Gordon will peg the Pound to the Euro if and when parity is achieved, and effectively we'll have the EuroPound..? That would be getting the Euro into the UK by the back door..! Why would they? What do we get out of that?
Scummer Posted 12 December, 2008 Posted 12 December, 2008 I´ve been trawling the exhanges in Tenerife today. The best rate i could find was 1.115 to the pound. Banks were offering between 1.06 and 1.09. In the UK the high street rate is worse, but you can get better online. Check out MONEYSAVINGEXPERT for rates if you´re travelling. The site does all the hard work for you. You'll get the best rate through a cashpoint.
Thedelldays Posted 12 December, 2008 Posted 12 December, 2008 Unfortunately TDD, much as I like you, you seem incapable of getting past Good Old Blighty and the Empire in any of your posts on the Lounge. I am convinced that your staunch if simplistic world views make you an excellent employee of the RN though. When you're not wasting taxpayers money all day long on here or watching Jeremy Kyle of course. i dont care about the past..i dont go on about what happened 20+ years ago by a prime minister..i dont blame what happened 25 years ago as a result of britains failing community spirit etc...then on the other hand..i wont say that getting rid of more britishness is the way forward and contradicting myself... as for time off.....heaven forbid being enititled to leave..(which at the mo is my summer hols by the way)
EastleighSoulBoy Posted 12 December, 2008 Posted 12 December, 2008 i dont care about the past..i dont go on about what happened 20+ years ago by a prime minister..i dont blame what happened 25 years ago as a result of britains failing community spirit etc...then on the other hand..i wont say that getting rid of more britishness is the way forward and contradicting myself... as for time off.....heaven forbid being enititled to leave..(which at the mo is my summer hols by the way) Summer holidays! No need to advise you then to get those swimming trunks on and get out on the Hoe? Ho? Well, you know what I mean.
Scudamore Posted 12 December, 2008 Posted 12 December, 2008 I was just thinking how much i want to go to Chad...how strange
Michelle Posted 12 December, 2008 Posted 12 December, 2008 We were selling today for 1.06, or 1.08 for transactions over £500. Shocking.
Amesbury Saint Posted 12 December, 2008 Posted 12 December, 2008 Rather than us adopting the Euro, we should invade them and make them have £s
Mole Posted 13 December, 2008 Posted 13 December, 2008 I seriously think there´s a conspiracy going on. All the negative vibes from Germany etc against the UK economy are intended to weaken the pound and thus make us joining the Euro (ruled by the French and the Germans) harder to prevent. If it was down to me i´d leave the EU and focus more on a commonwealth/North American trading pact.
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