The value of the pound

Currently in Portugal and its been pretty expensive really compared to previous holidays. Any further drops are going to make EU destinations out of reach for a lot of people.
 
NVP said:
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.
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Few years ago £10k pounds bought a $15k villa.
Selling now a $15k villa gets you £15k. (numbers are off but theory is same)

So depending on how much the villa was and if its increased in value could make a tidy profit due to bad exchange rate.
 
chroniclard said:
Currently in Portugal and its been pretty expensive really compared to previous holidays. Any further drops are going to make EU destinations out of reach for a lot of people.
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All inclusive holidays are the way to go atm, although thats unlikely to suit most people
 
I can see us hitting parity with the Euro before 31st October now and then afterwards the pound dropping to perhaps being worth 0.85 euros. And I used to think it was bad when a euro was worth 85p.

Wont be long before we have parity with the dollar as well as Brexiteers keep telling me the pound was overvalued and made our exports uncompetitive.

I cant wait for the threads next year on here bemoaning the fact that the 3080 is over £1000 and the 3080ti are £1500.
 
cainer said:
All inclusive holidays are the way to go atm, although thats unlikely to suit most people
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Did one a few years ago, was 5k for a family, 2 weeks, same holiday 2 years later was 7k. The cheap all Inc's are horrific. Nobhead English reserving every sunbed in sight, crappy food, no ta. :p
 
chroniclard said:
Few years ago £10k pounds bought a $15k villa.
Selling now a $15k villa gets you £15k. (numbers are off but theory is same)

So depending on how much the villa was and if its increased in value could make a tidy profit due to bad exchange rate.
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Yeh something like this, thank you.

I was still at school when we bought it which was nearly 20 years ago... :eek:
 
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Em3bbs said:
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?
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Assuming the value of the villa stays relatively static, if he's expecting the pound to recover then that will effectively reduce the value (to him) of the villa.
 
Threepwood said:
I wasn't an adult then but google fu says something to do with the Plaza Accord.
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Nice one. Just had a read of this:

https://www.investopedia.com/terms/p/plaza-accord.asp

Let's have another Plaza Accord, this time with everyone else agreeing to devalue their own currencies to strengthen the pound :p (or however it worked)

I don't claim to know how currencies are valued, but the fact such currency fixing can take place just because 'it's been decided' makes me think it's all a scam anyway.
 
I sold my house in the UK in March. Got half the money out then at €1.17, decided to wait with the other half. Big mistake :(
 
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