Sterling is nosediving

pinkchilli


Joined: 30/11/2008
Posts: 689

Message Posted:
08/10/2009 12:04

Why?



TL/GBP 2.3404.



€/GBP 1.086



12:04pm.

come_on_aylin


Joined: 14/06/2008
Posts: 908

Message Posted:
08/10/2009 12:12

It's actually rallied a bit today, has been down at 2.33.

Corbo



Joined: 13/09/2009
Posts: 627

Message Posted:
08/10/2009 13:48

Glad I've got Gold!

Dixie Normus


Joined: 22/02/2008
Posts: 820

Message Posted:
08/10/2009 13:54

Dixie Normus prediction of the week. Sterling will be at 2.25 mid Nov, time for all you expat pensioners to get a day job.



D.N

cyprusairsoft



Joined: 22/06/2009
Posts: 2066

Message Posted:
08/10/2009 13:59

whats new dixie

Geejay


Joined: 18/04/2009
Posts: 475

Message Posted:
08/10/2009 15:48

At least we're not suffering as much as those who have to contend with the Euro exchange rate. Spain, Italy, France and the South for example.

Sterling will recover some time. The market is all about sentiment and interest rates.

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
08/10/2009 16:01

RE msg 6, Geejay: (...) Sterling will recover some time. (...)

=> Just some facts for the record. Stirling is losing ground for at least 40-50 years now. When I was fifteen Stirling was: 1 Pound to 10 Dutch Guilders 60 (or: 1 to 4 Euro 82). Now the figures are: 1 Pound to 1 Euro 08 (or 1 Pound to 2 Dutch Guilders 38). Stirling recovering..?! From what..?!

Dixie Normus


Joined: 22/02/2008
Posts: 820

Message Posted:
08/10/2009 16:06

Fully with you on that one Geejay we should see a recovery in about 5 - 10 years, We've been well and truely stuffed by Gordon, If George Soros got into No11 tomorrow we might see some light at the end of the Tunnel in 2012, the end to this mess is no where near in sight even if the goverment pretent it is, fasten your seatbelts we are still in for a bumpy ride.



D.N

Geejay


Joined: 18/04/2009
Posts: 475

Message Posted:
08/10/2009 16:31

DC... Don't misinterpret my words. I said 'some time', meaning in the future. Don't be so pedantic. It's boring.

I haven't a crystal ball to tell when recovery (as in worth more $/€/Tl) will happen and neither have you. Just some time.

In the meantime Sterling exports look better value than those priced in € (or D Gldrs if they still existed).

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
08/10/2009 16:54

RE msg 9, Geejay: (...) Don't be so pedantic. It's boring. (...)

=> You know what I find boring? Remarks like yours - I can do without these platitudes. I replied to your post with FACTS. I can't help it when you find facts about the Pound boring, but they are still facts. More factual than statements out of the blue.

Any criticism or facts about your beloved Pound sparks blind rage on this board, I know from experience, but let's stick to the facts - and prove me wrong.

If the UK had adopted the Euro you wouldn't have had to write this line: "...we're not suffering as much as those who have to contend with the Euro exchange rate. Spain, Italy, France and the South for example." Or am I pedantic again?

pinkchilli


Joined: 30/11/2008
Posts: 689

Message Posted:
08/10/2009 17:20

Another topic is turning nasty.



As it's mine, I want it closed.



I'm fed up with the bloody arguments. I'm not interested in who starts it, nor who responds/answers.



Why can't people be a little more diplomatic/understanding. When things are in black and white (I don't know why we say that, when referring to something that is written, it is usually black), members have the ability to misinterpret.



If the two posters above, met in a bar, bought each other a round, then had this discussion, you would have thought they could avoid a disagreement.



I'm going to make this a new topic.



Regards



PC

pinkchilli


Joined: 30/11/2008
Posts: 689

Message Posted:
08/10/2009 17:24

See: http://www.cyprus44.com/forums/23849.asp

Geejay


Joined: 18/04/2009
Posts: 475

Message Posted:
08/10/2009 17:36

DC. You're living in the past. Dutch Guilders no longer exist so they don't matter. So much for your 'facts'.



FACT... The Dutch Guilder was always a second tier currency so it's rate rarely mattered to the UK. Your ire is obviously caused by this.

FACT... I'm not raging about the low state of the pound. I think it's useful in UK international trade. Nor have I seen anyone on this board 'spark' into a 'blind rage' over 'your beloved Pound'.

FACT...As someone who used to deal in currencies I remember the £/$ being around $1.60 20/30 (circa) years ago, as it is now.

FACT... The UK deliberately spurned the chance to adopt the Euro. Thank heavens. It would just have made things worse in the current crisis.

FACT...You have deliberately exaggerated and distorted my post for your own pedantic and boring reasons.

FACT... Currencies fluctuate according to sentiment and interest rates. What rates are now has little bearing on what they were or likely to be in the future.

pinkchilli


Joined: 30/11/2008
Posts: 689

Message Posted:
08/10/2009 17:44

Well that's Black and White!



I'm going to organise a North Cyprus Cage Fighting Event.

ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
08/10/2009 17:46

Corned Beef Futures look a safe haven in these uncertain times!

Geejay


Joined: 18/04/2009
Posts: 475

Message Posted:
08/10/2009 17:48

pinkchilli...disagreements and arguments are what makes life more interesting. If we all agreed on things, well, that would be extremely boring (and unlikely).

By the Bye, you started this. Oh yes you did ! Don't deny it ! lol

ROBnJO


Joined: 30/06/2008
Posts: 1289

Message Posted:
08/10/2009 17:48

pinkchilli



If there was some decent rain, it could be mud wrestling!

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
08/10/2009 17:56

RE msg 13, Geejay: (...) Dutch Guilders no longer exist so they don't matter. So much for your 'facts'. (...)

=> Yes, some 16,5 million people in Holland - including me - have noticed that. I gave the figures ("1 Euro is 2,20 Dutch Guilders") for your convenience.

=> It's obviously very difficult for you to admit that the Pound devaluated when compared to the Dutch Guilder and later the Euro.



(...) FACT... The UK deliberately spurned the chance to adopt the Euro. Thank heavens. It would just have made things worse in the current crisis. (...)

=> Tell that your compatriots in the countries you mentioned above - they may disagree with you.



40-50 years ago this was the situation: 1 Pound = 4.82 Euro's (if the coin had existed) and today: 1 Pound = 1.08 Euro's (only five years ago: 1 Pound = 1.5 Euro's). I rest my case. Enjoy the Pound.

pinkchilli


Joined: 30/11/2008
Posts: 689

Message Posted:
08/10/2009 18:14

See boys, you can have a heated debate/exchange of views without becoming uncivilised. Well done.



Now go to bed with a hot drink. You must need it.

keithcaley



Joined: 13/06/2008
Posts: 2521

Message Posted:
08/10/2009 18:24

ROBnJO,

Mud Wrestling, now there's a thought....

My money's on the little bald fella, the one wi' clogs on - he's got a vicious left kick, that one!

It's a good job that it's only Cyberspace, and nobody takes it seriously, what?

If it was for real, they'd all be scratching each others' eyes out!

Can't wait 'till Friday for the Pia Bella meeting

- after all, they'll be debating real Important stuff there, not like t' rubbish we talk on 'ere...

See you all there!

Geejay


Joined: 18/04/2009
Posts: 475

Message Posted:
08/10/2009 18:36

DC ...I think now that you're deliberately being controversial, regardless. Stick to history and maps. You certainly don't understand economics, or international trade.

I reiterate. I have no difficulty with the Sterling exchange rate for the Euro or those NON EXISTENT currencies. Currencies fluctuate. One therefore don't know what their exchange rate would be now.

Those currencies like the Guilder, Franc, Peseta, Italian Lira were supported by the Deutsche Mark when they delegated their fiscal responsibilities to the Euro. Those countries are still dependant on a strong German economy. It would be disastrous for them without it. That is why your £/Gldr conversion is so unreal and is NOT a FACT.

My 'compatriots' in Euro countries are certainly ruing the day they moved to Euroland. That's their mistake in going there not mine.

pinkchilli


Joined: 30/11/2008
Posts: 689

Message Posted:
08/10/2009 18:49

Geegay, please allow me to re-write the first paragraph of message 21.



Dear DC



I think that you may appear to be slightly controversial. May I respectfully suggest that you try and stick to what I think you know best; History and maps.



See, it "reads" so much nicer.



DC. If necessary, I'll re-write a paragraph of your response. LOL

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
08/10/2009 19:42

RE msg 21, Geejay : (...) One therefore don't know what their exchange rate would be now. (...)

=> (I'll try to follow pinkchilli's stylebook). Dear Geejay. Until now, in every post, you need a lot of words to give me unsolicited advise. Would you now - finally, I dare say, be so kind to comment on this:

1 : 40-50 years ago this was the situation: 1 Pound = 4.82 Euro's (if the coin had existed).

2 : Only five years ago: 1 Pound = 1.5 Euro's).

3 : Today: 1 Pound = 1.08 Euro's.

4 : 1-2-3 are facts.

I'm looking forward to your esteemed reply.

Thank you very much in advance.

Sincerely yours, etc.

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
09/10/2009 09:46

Pinkchilli, see what utter politeness on this board means..? Facts are ignored, end of thread. Well, I take it I've won this debate with post 23.

pinkchilli


Joined: 30/11/2008
Posts: 689

Message Posted:
13/10/2009 09:43

DC



As Sterling is sliding AGAIN, I've re-opened it!



GBP/€ 1.0652



GBP/TL 2.2949



Even Brit toursits will not be able to afford TRNC for their hols.



Europeans, especially our Dutch friends will.



Also, forget the polieness. The threads are SO BORING!

newscoop


Joined: 23/12/2007
Posts: 2197

Message Posted:
13/10/2009 10:58

It's McBroons fault



His decision to give away yet more of the family silver has spooked the markets.



Sources Mail, Times, etc.

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
13/10/2009 11:08

RE msg 25, pinkchilli: (...) Holidays (...) Europeans, especially our Dutch friends will. (...)

=> All higher powers forbid! British tourists are easier to spot and so much easier to avoid. Sincerely yours, etc



RE msg 26, newscoop: (...) It's McBroons fault (...)

=> Yeah, I know. In your opinion it's always someone else's fault.

Just for the record:

1 : 40-50 years ago this was the situation: 1 Pound = 4.82 Euro's (if the coin had existed).

2 : Only five years ago: 1 Pound = 1.5 Euro's).

3 : Last week: 1 Pound = 1.08 Euro's.

4 : Today: 1 Pound = 1.0652

5 : Life goes on, but the Pound is gone...

Lazy days


Joined: 24/07/2008
Posts: 847

Message Posted:
13/10/2009 11:19

I still wouldn't mind a hundredweight of them as long as it was notes lol

Corbo



Joined: 13/09/2009
Posts: 627

Message Posted:
13/10/2009 11:38

The dollar is dying along with Sterling..the dollar will huff and puff and survive a bit longer as the Chinese and others have so many of them..and they prop the dollar up by buying all the debt of the U.S. The Anglo Saxon financial band wagon of over reliance on Ponzi schemes is coming to a swift end I'm afraid. Maybe it will be pumped up for another year or two but the final bursting bubble will be catastrophic. It is either a massive war to distract economic matters or hyper inflation to wipe out debt and all savings with it. Our masters have proved the cynics right..Politicians are a bunch of shysters.

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
13/10/2009 11:44

Just changed up in Girne and it was 2.29ytl its going down

Money is not worth much at the moment

NCMan



Joined: 19/09/2009
Posts: 670

Message Posted:
13/10/2009 13:02

Come on Smithy , where is your photo. !!!!

keithr


Joined: 20/08/2008
Posts: 720

Message Posted:
13/10/2009 18:51

Why does every post here turn into a slanging match ???

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
13/10/2009 19:06

keithr



'Why does every post here turn into a slanging match ???'



Slanging match?



Animated educated debate, cant see a hint of 'slang' anywhere can you?

AJ

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
17/11/2009 11:37

Pound at 2.49TL as of 1135 17/11/09. Will 2.50TL trigger profit taking?

LOvegod


Joined: 22/03/2009
Posts: 161

Message Posted:
18/11/2009 21:05

pound could blip over 2.50 tl but then slowly retreat methinks.