Sterling climbs back to almost $2/£1

#1
Sterling has climbed back to almost two dollars to the pound, and the Euro has climbed to a new high against the Yen.

Will Florida become the new place to be?

Is the so-called Med-Club heading for financial meltdown?

Uranium is rocketing and oil is climbing steadily as OPEC persuades its members not to pump oil.

So, I'm in my "we're all doomed" mode, although I recognise that not everyone will feel the same way!

Any opinions from the shopfloor will be very welcome!

Litotes
 
#2
Litotes said:
Sterling has climbed back to almost two dollars to the pound, and the Euro has climbed to a new high against the Yen.

Will Florida become the new place to be?

Is the so-called Med-Club heading for financial meltdown?

Uranium is rocketing and oil is climbing steadily as OPEC persuades its members not to pump oil.

So, I'm in my "we're all doomed" mode, although I recognise that not everyone will feel the same way!

Any opinions from the shopfloor will be very welcome!

Litotes
I suggest that you join the Army. You could be needed soon. :roll:

edited 'cos I'm a Mong.
 
#3
It seems strange that it takes so long to get up there.

The pound against the canadian dollar is up and down like a whores draws!
 

Biped

LE
Book Reviewer
#4
You need to get your tinfoil hat on old chap. As I understand it (and I do understand it well, because I have a red phone to the powers-that-be and a back door to Mandelson, but that's another story), people who shall remain nameless have sent others to investigate the plantation of Roses and to all intents and purposes, and from their most recent reports, it has about it an vision of loverlyness and is a great thing to behold. They have taken root and are in full bloom as I write this, despite the nay-sayers and disbelievers out there who would have you believe that the very soil is both arid and infected with plague and the garden of roses actually has a spidermite infestation around the black mould on the stems. People who say such things are merely trying to paint a picture that they would like to see in order to get the keys to the Rose Garden at the next elections.
 
#5
PassingBells said:
Litotes said:
Sterling has climbed back to almost two dollars to the pound, and the Euro has climbed to a new high against the Yen.

Will Florida become the new place to be?

Is the so-called Med-Club heading for financial meltdown?

Uranium is rocketing and oil is climbing steadily as OPEC persuades its members not to pump oil.

So, I'm in my "we're all doomed" mode, although I recognise that not everyone will feel the same way!

Any opinions from the shopfloor will be very welcome!

Litotes
I suggest that you join the Army. You could be needed soon. :roll:

edited 'cos I'm a Mong.
Won't my crutches and astigmatism get in the way? Although I have been practising on my PC version of Band of Brothers and with my bro's air rifle and scope and I reckon I could become a sniper very quickly.....

Litotes
 
#6
Litotes said:
Won't my crutches and astigmatism get in the way? Although I have been practising on my PC version of Band of Brothers and with my bro's air rifle and scope and I reckon I could become a sniper very quickly.....

Litotes
It's old men like you, always fighting the last war (or the one before that) ...

You need to get yourself a proper console and games to go on it.
 

Biped

LE
Book Reviewer
#8
Whiskybreath said:
It's a bugger when you're paid in bucks... :cry:
Ask them for doe's instead?

I'll get my coat . . .
 
#10
Litotes said:
Sterling has climbed back to almost two dollars to the pound, and the Euro has climbed to a new high against the Yen.

Will Florida become the new place to be?

Is the so-called Med-Club heading for financial meltdown?

Uranium is rocketing and oil is climbing steadily as OPEC persuades its members not to pump oil.

So, I'm in my "we're all doomed" mode, although I recognise that not everyone will feel the same way!

Any opinions from the shopfloor will be very welcome!

Litotes
Doomed

I think between gordys gold sell off, and his smash and grab on pension funds a weak dollar isnt realy going to help us in the long run.

As china and india become even more dominate and start on the middle to high standard manufacturing of themselves and export, the lack of long term real investment in high tech manufacturing and staying ahead of the R and D the weak dollar will be followed by weak sterling as we and America become the sweatshop labour market!



edited for stupidity :oops:
 
#11
good timing as I am going to Las Vegas and tour of south west USA in 2 weeks time :D
 

Biped

LE
Book Reviewer
#12
Litotes said:
Biped said:
Whiskybreath said:
It's a bugger when you're paid in bucks... :cry:
Ask them for doe's instead?

I'll get my coat . . .
Is that lots of John Doe or just does?

Litotes
Who does John Doe, and if so, for how much dough, and will it rise with inflationary pressure due to the heat of the moment?
 
#15
Whiskybreath said:
It's a bugger when you're paid in bucks... :cry:
Only if you are trying to live elsewhere in the world. If you live in the States, it won't matter until the cost of imports rises as the dollar falls. That will take several months. Your new widescreen TV or computer will then cost more.

Litotes
 
#16
Can someone please explain why, when the vast majority of commodities are priced in USD, and the USD has been falling against GBP for over a year, we have the highest inflation rate for years in the UK? Answers on a postcard, please, to Mr G. Brown, 11 Downing Street...
 
#17
Whiskybreath said:
It's a bugger when you're paid in bucks... :cry:
I know where you are coming from Whisky! :x

Bledy good though if you want to go on Holiday to the Good Ol U S of A...
 
#19
AndyPipkin said:
Can someone please explain why, when the vast majority of commodities are priced in USD, and the USD has been falling against GBP for over a year, we have the highest inflation rate for years in the UK? Answers on a postcard, please, to Mr G. Brown, 11 Downing Street...
In my new life as a commodity trader i'll take that one: Vast majority of commodities are in dollars yes. Commodities are up in general, i.e. Brent Oil currently 65.63 USD per barrel. Go back 5 years to 2002 and the same barrel would cost you around 25 USD. Its partly that there is more security risk, higher demand but also that everybody knows the US government has been printing money like its monopoly dollars (so much so that last year they actually STOPPED publishing how much they were printing!) and is more and more worthless. Thats part of the reason behind the exchange rate, though there are plenty of others that I wont bore with now.
So while the exchange rate is up (with some good and some bad results) its not up by the same rate as Oil/gas/coal has climbed and that explains why commodities in the UK and petrol heating and electricity bills are up hugely. And by alot more than the economists have twisted the artificially low inflation figures to say.
But the financial genius (not) Mr G. Brown has also been printing new cash at circa 10% extra a year ( not sure the exact) which explains some other reasons behind inflation, especially in housing. Its a fools paradise right now for people who say he's done a great job with economy. Quite the opposite.
Anyway, thats the short version with plenty left out. Big subject. Dull. But unfortunately quite important. The high exchange rate means trouble for exports and while we can sell a few mansions to Russia and Arabs (the guys who have benefited from the high oil prices that have helped put us in the high inflationary situation in the first place) then we can't export houses really. So high inflation and high exchange rate is bad for the general population and bad for export businesss. Though we can continue for a while to keep buying ourselves into national debt importing even more tat from china for a while....
 
#20
jockass said:
AndyPipkin said:
Can someone please explain why, when the vast majority of commodities are priced in USD, and the USD has been falling against GBP for over a year, we have the highest inflation rate for years in the UK? Answers on a postcard, please, to Mr G. Brown, 11 Downing Street...
In my new life as a commodity trader i'll take that one: Vast majority of commodities are in dollars yes. Commodities are up in general, i.e. Brent Oil currently 65.63 USD per barrel. Go back 5 years to 2002 and the same barrel would cost you around 25 USD. Its partly that there is more security risk, higher demand but also that everybody knows the US government has been printing money like its monopoly dollars (so much so that last year they actually STOPPED publishing how much they were printing!) and is more and more worthless. Thats part of the reason behind the exchange rate, though there are plenty of others that I wont bore with now.
So while the exchange rate is up (with some good and some bad results) its not up by the same rate as Oil/gas/coal has climbed and that explains why commodities in the UK and petrol heating and electricity bills are up hugely. And by alot more than the economists have twisted the artificially low inflation figures to say.
But the financial genius (not) Mr G. Brown has also been printing new cash at circa 10% extra a year ( not sure the exact) which explains some other reasons behind inflation, especially in housing. Its a fools paradise right now for people who say he's done a great job with economy. Quite the opposite.
Anyway, thats the short version with plenty left out. Big subject.
Pucker answer mate, you must be ex RASC.
 

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