how low will the pound go ?

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FlagHostel

how low will the pound go ?

Postby FlagHostel » Mon Aug 15, 2016 7:51 pm

today £1 = 1.28 dollars

how low will it go ?

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ChrisF
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Postby ChrisF » Mon Aug 15, 2016 8:57 pm

Much more relevant to this forum is gbp/leva exchange rate.
At the moment it is about £1 = 2.24 leva. Not good, but as long as people carry on panicking and scaremongering it will continue to fall.

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MIK_bg
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Postby MIK_bg » Tue Aug 16, 2016 3:35 am

Till the parity with euro so you can join it then with a fixed exchange.

Have you noticed that theresa may is now an angela merkel clone?

Just google pics for theresa may gesture...do you know what that **** means?

You have been **** once again.

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houseman
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Postby houseman » Tue Aug 16, 2016 9:53 am

IMHO it will keep falling until we buy our holiday FX and then it will shoot back up.
:lol:

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Postby ChrisF » Tue Aug 16, 2016 4:09 pm

Be thankful that it's only you holiday money you are worried about and spare a thought for those of us who live here and have our pensions paid directly from the UK to banks in Bg

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houseman
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Postby houseman » Wed Aug 17, 2016 9:38 am

That is serious indeed. The uncertainty is another worry factor.
On the other hand, those who are selling up and repatriating their proceeds will be quids in. Swings and roundabouts.

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Postby ChrisF » Wed Aug 17, 2016 9:47 am

If they manage to sell - there are hundreds of properties for sale, some have been on the market for years.

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Mat
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Postby Mat » Wed Aug 17, 2016 2:44 pm

ChrisF wrote: but as long as people carry on panicking and scaremongering it will continue to fall.


Unfortunately its not about concept but all about content - the economic ramifications from Brexit are structural and can be readily calculated. The only uncertainty is the model we will be able to negotiate. For sure the UK economy will be smaller, its just a question of how much. The reduction in value of the pound from 1:150 to 1:130 against the USD was the first step. That's done and won't be coming back. Now we need to see how the negotiations will end to see how much further it will go. I reckon somewhere between 115 and 120. But that was always the deal, right? You'll be poorer but you'll 'have your country back', whatever that means.

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Postby bigbulg » Thu Aug 18, 2016 5:14 am

When the "Brexiteers" campaigned to "take our country back" the campaign bus obviously didn't have the space on the side for "to the 70s"

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Postby troyan » Thu Aug 18, 2016 6:05 am

If you study the British Empire decline and the speed in which we went from the largest colonial power ever to just a few tiny territories and with it all the jobs , industries and revenues associated with the Empire

It happened over just 50 years from 1921 to 1971 and together with the two wars and containerisation of our Ports Britain was on its knees in 1970

in just 20 years from 1945 -65 the number of people under British rule dropped from 700 million to 5 million

So those are the days we are harking back to, they never existed and will never exist again, Australia has nothing to trade with us and we have nothing to trade with them that we already do not already do so, Fosters lager and Anchor butter are made in the UK.

The only thing we may have averted worth averting is the Superstate which we will also have the Hungarians Cz and the other Eastern Nations to thank for because they will not let it happen


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