The value of the pound

[Destination]

Even with our ongoing devaluation and quantitive easing, i believe the pound might now be at its lowest ever rate when compared to the Euro.
10 year figures from what I can tell
GBP/EUR close:1.06499 low:1.06458 high:1.44072

Has the pound ever been weaker?

 

[the shadow]

only a taste of what’s to come

 

[jsmoke]

The end is nigh. Black Wednesday?

 

[Semple]

I think they did say that the pound had hit its lowest value.

Gotta wonder how some people are feeling it with holidays in Europe this summer. It'll be quite a chunk added on extra compared to previous years.

 

[Ree]

the lunatics are in charge of the asylum so its not surprising.

 

[Minstadave]

We'll send the English Armada out to loot some foreign galleys and it'll all be fine.

 

[Freakbro]

I'm glad it's going to cost more to go on holiday and buy imported goods, as it was over valued anyway

 

[Diddums]

We're all gonna die.

 

[B@Th*nG]

I'm glad it's going to cost more to go on holiday and buy imported goods, as it was over valued anyway

say what now?

B@

 

[Tony Edwards]

We're all gonna die.

People cant afford to die in todays climate.

 

[NVP]

Edit : Tmi

 

[Em3bbs]

Exactly why we're selling the Florida villa (or trying too!!) asap!

Ummmm, am I missing something here? Surely you'd want to have an investment like that which is priced in USD if the pound is falling?

 

[NVP]

Was something my dad was saying to me but looks like I didn't quite understand.

Buy low sell high right ?

 

[Em3bbs]

Was something my dad was saying to me but looks like I didn't quite understand.

You should probably check what he meant exactly if you're selling the florida villa (or trying too!!) asap based on that conversation.

 

[aardvark]

weaker vs euro in 2008

weaker vs the usd in 84/85

golds doing well in pounds though! up 30% in the last year

 

[NVP]

You should probably check what he meant exactly if you're selling the florida villa (or trying too!!) asap based on that conversation.

The "we" was referring to our family villa that we've been using for over a decade, but technically it is my dad telling me he is selling it.

It did make sense when he explained, but my brain is currently not working (I'm actually in hospital due to keto acidosis poisoning my body/brain) so not as powerful as I usually am.

 

[Vexr]

weaker vs euro in 2008

weaker vs the usd in 84/85

golds doing well in pounds though! up 30% in the last year

https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-USD

The pound was down to £1.063 against the dollar in March 1985 it seems, whereas it was previously £2.437 to the dollar four years earlier.

Anyone who was an adult at the time care to comment on what was happening back then?

 

[aardvark]

https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-USD

The pound was down to £1.063 against the dollar in March 1985 it seems, whereas it was previously £2.437 to the dollar four years earlier.

Anyone who was an adult at the time care to comment on what was happening back then?

not an adult - i was too excited that i was getting a commodore 64 for christmas that year to notice

 

[aardvark]

https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-USD

The pound was down to £1.063 against the dollar in March 1985 it seems, whereas it was previously £2.437 to the dollar four years earlier.

Anyone who was an adult at the time care to comment on what was happening back then?

probably inflation vs interest rates though - the economies were all over the place.
kids these days don't know theyre born

 

[LOAM]

https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-USD

The pound was down to £1.063 against the dollar in March 1985 it seems, whereas it was previously £2.437 to the dollar four years earlier.

Anyone who was an adult at the time care to comment on what was happening back then?

Miners strike reaching a whole year but mainly it was just a very strong dollar caused by Reagan spending and massive inward investment. It's not the same as today which is simply caused by a tanking Sterling and poor forecast.