How hard is the pound going to get smashed today?

[Tangent Police]

£=€1.15

£=$1.48

Correct at time of writing.

Nothing to worry about, or is it about to fall out of it's nest?

[rypt]

£1=$1.35

Yes, I'm fear doom

[F i F]

£=€1.13

£=$1.41

[Castrol Craig]

i predict doom, and the pound will get smashed harder than a 17 year old ginger by Harry Flashman.

£=1.20

[randlemarcus]

Is the consensus that I buy some dollars today, in anticipation of a trip in a couple of weeks?

Pistonheads - cheap american beer matters

[elster]

randlemarcus said:

Is the consensus that I buy some dollars today, in anticipation of a trip in a couple of weeks?

Pistonheads - cheap american beer matters

Surely if you had dollars and wanted to buy sterling now would be the time.

Otherwise it would be expensive American beer if bought now.

[Mermaid]

The ECB proves it too has a fat finger

[tamore]

elster said:

randlemarcus said:

Is the consensus that I buy some dollars today, in anticipation of a trip in a couple of weeks?

Pistonheads - cheap american beer matters

Surely if you had dollars and wanted to buy sterling now would be the time.

Otherwise it would be expensive American beer if bought now.

£ to $, do it now.

$ to £, hang on a few days.

Edited by tamore on Monday 10th May 08:40

[Bing o]

Will there even be a € soon?

[AJI]

Watching the news this morning it seemed like the euro value would fall against the pound.
Bail out of Greece was going to cause a dent, but the UK government talks seemed to be positive on the market, seeing as it was highly likely labour were not going to be part of the future coalition.

I'm not an expert by any means, but I am expecting to see the pound go up against the euro in the next few days.

Edited by AJI on Monday 10th May 08:46

[Political Pain]

In my opinion the Euro is hugely overvalued at the moment.

[Political Pain]

anonymous said:

[redacted]

No, the main currencies can't all be over-valued.

I am comparing euro-pound and it is not anywhere near correct.

The euro bail-out will destroy their own bank support system as it is leaned on by member countries.

The Dollar remains the strongest currency and our value against that is about right for the moment.

It is not the detail of the deal that will hit the euro, it will be the overall effect.

[AJI]

Well the pound is falling at the moment...not good.

But I'm hoping its just the usual over-reaction that happens on the markets first thing in the week.

[NoelWatson]

AJI said:

Well the pound is falling at the moment

Against the dollar?

[Yeast Lord]

It's up on 1.49858 on the dollar, I reckon if a conlib deal is in place by the end of the day it should end above 1.5. Then hopefully it will move above 1.5 and we won't be shafted as much for fuel prices or maybe not.

I thought it would be a lot worse, was even thinking about changing my savings to dollars a few weeks ago in anticipation of a hung parliament.

Edited by Yeast Lord on Monday 10th May 10:39

[Plotloss]

A senior partner type financial bod I was speaking to a while ago was running 'what if' models on dollar pound parity...

[Fittster]

I'm amazed people have so much faith in the dollar. Plenty of problems in the US.

[Political Pain]

anonymous said:

[redacted]

Oil.

For the foreseeable future the dollar will remain the currency for oil, it is thereby 'de facto' the strongest currency.

The 'faith' is based not so much on some nebulous blind hope but the sheer fact that you and I need oil.

If oil was suddenly to be sold/traded worldwide in any other currency then the dollar would lose its power.

Not faith, common sense.

[Mermaid]

Plotloss said:

A senior partner type financial bod I was speaking to a while ago was running 'what if' models on dollar pound parity...

I recall it was pretty close in the early 80's

[KANEIT]

I seem to recollect the Iranians pushing for the euro to replace the dollar as oil currency, for obvious reasons.