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GBP Sinking.

Discussion in 'Money Matters' started by Jim, Sep 28, 2022.

  1. oss
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    oss Somewhere Staff Member

    Yeah I noticed that I saw it over 73 today, **** it's 73.330 just now!:eek:
    • Like Like x 1
  2. oss
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    oss Somewhere Staff Member

    I moved £500 to Wise this morning at about 1am so yeah today I got my desired rate about 20 minutes ago it triggered at 73.5134 :)

    I wonder how much higher it will go.

    [​IMG]
  3. John Surrey
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    John Surrey Well-Known Member

    Excellent rate :like:

    I hope it's not weakening because of the growing threat of war - civil between Duterte and Marcos or international between USA and China - their backers...
  4. oss
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    oss Somewhere Staff Member

    Maybe I'll be looking to get emergency travel document for my daughter and be trying to get her out of there.


    73.60 a moment ago, I was thinking last night of upping my trigger point to 73.60 but I just felt it would not get there so I left it, with this momentum I can see it heading for 75 which would be a 10 year record.

    Puchasing power of the money though is way way less than it was 20 years ago both for the pounds and the peso.
    • Like Like x 1
  5. Heathen
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    Heathen Active Member

    73.73 at the moment, it remains to be seen how much higher it will go, I think 74 will be broken this week, but I have my doubts that it will reach 75 anytime soon, purchasing power of the pound here in the UK, has dropped drastically since Covid but company profits seem to be at record levels, Tesco 2.6 billion pounds profit in the last year, CEO £10 million pound salary made up of bonuses, shares and annual salary, seems to me the gap between the have's and have not's is getting wider and wider, as for Tesco we have long since stopped shopping their because of rip off prices.
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  6. oss
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    oss Somewhere Staff Member

    Well if it stays this high I'll make a couple of ATM cash withdrawals Thursday night.

    Regards company profits, this what the country has voted for starting in 1979 a forty five year streak of self interest and greed, and not just here in the UK.
    • Like Like x 1
  7. oss
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    oss Somewhere Staff Member

    It's hit 74 today, hovering just under right now.
    • Like Like x 1
  8. John Surrey
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    John Surrey Well-Known Member

    At last...
    upload_2024-6-3_23-52-53.png

    And in the real world too:
    upload_2024-6-3_23-55-50.png
    • Like Like x 1
  9. John Surrey
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    John Surrey Well-Known Member

    @ 75.12 this morning :like:
    • Like Like x 2
  10. Jim
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    Jim Well-Known Member Trusted Member

    Keep the upward trend and I might wire a lot of pennies. :like:
    • Like Like x 1
  11. oss
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    oss Somewhere Staff Member

    75.56 a few minutes ago
    • Winner Winner x 1
  12. John Surrey
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    John Surrey Well-Known Member

    And still rising... 75.6844
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  13. John Surrey
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    John Surrey Well-Known Member

  14. oss
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    oss Somewhere Staff Member

    This time it's the pound getting stronger against EUR and USD after the election.
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  15. John Surrey
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    John Surrey Well-Known Member

    Are you sure, I've never known the pound to kick on following a labour win!

    Not that they've had that many - when I was a child it was always Harold Wilson - then we had to wait an eternity... for that prat Tony Bliar.

    Think it's more likely to do with the fact England are in the Euros Final... and the economy returned to growth in May :D
    • Funny Funny x 1
  16. oss
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    oss Somewhere Staff Member

    Check the money markets that's what they are saying.
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  17. John Surrey
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    John Surrey Well-Known Member

    If you insist:

    Size of [Labour] majority means UK has most stable government in the G7 over the next five years...

    “We think the GBP should finally see the tide of structural flows move in its favor for the first time in the post-Brexit-vote era.”

    Wow... all we need now is to win the Euros and it'll be 1966 all over again :D
    • Funny Funny x 1
  18. PhilPensioner
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    PhilPensioner Active Member

    OMGosh.... 14 again. 603785.gif
  19. bigmac
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    bigmac Well-Known Member Trusted Member

    Size of [Labour] majority means they can do anything they like.
    • Agree Agree x 1
  20. John Surrey
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    John Surrey Well-Known Member

    Even introduce a new wealth tax... ?

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