No - I need a strong pound.

Client target is set in $ and the revenue is paid in £. So to hit the $50m target is much easier with a strong pound.

Last year the target, $35m, was set at $1.68 and the end of year calculation based on $1.43!!!!

Still made $38m so got the bonus

Would have been over $40m if the dollar had stayed constant for the year.

 

Have i entered a twilight zone?

When you first wrote about the exchange rate being strong, it had just fallen back from 1.70. Right now, it's 1.6475. Pete, it's me you're talking to, not some jub with no clue. Just fyi.

 

Whoooaaaaa!!!


It's lost more on what?

 

The last quantitive easy had no real effect on exchange rates .....

http://www.x-rates.com/d/EUR/GBP/graph120.png

We are home and dry lads ............. Labour has saved us it would seem?

 

OK - market management might have been a better word. The Treasury have been deliberately dampening optimism on recovery, especially around the announcement of increased retail figures, to keep Sterling from rising.

 

They are going to have to admit, at some point soon, that the UK is flying out of the worldwide downturn at a quite amazing pace ...... inflation and 8% Interest Rates anyone?

The pound will be the worlds currency of choice within 6 months, Labour seem to have really done the business.

 

Stop it your killing me.

 

I had a very strange experience this morning as I was watching BBC Breakfast News.

The Padushaa Emporer, First Lord of the Sith, Lord Captain of the Death Star, Egregious Earl of Doom, Haunter in Chief of Hartlepool was being interviewed and I could hear a loud, piercing screaming noise!

Then I realised it was me sreaming for him to get off the TV and out of our lives.

Where is Luke Skywalker when you need him?

 

Not as much as you're killing the language!!

 

Today's Inflation Report is a shocker. King almost looks embarrassed to admit the extent of the mess. Deep recession, and an unpredictable path out of it.

What an utter failure by this Government.

 

But on a positive note .....

Interest Rates are likely to stay low for the next Two years at least ..!!!!!!

There ,good news all round me thinks .........

 

and the weather is pretty good at the mo

 

Yep forgot to mention that .!!!!

 

And all the other Governments in the Western World I presume?

 

at least some other countries have not put all their eggs in the financial services basket

take a drive through France and Germany, it will amaze you

 

Correct me if i'm wrong, but didn't the IMF single out the UK as being particularly vulnerable in this recession? Now you can either blame that on bad luck, or you can point the finger at the sheer complacency, incompetence and arrogance of Darling and, in particular, Brown.

Stop talking utter crap about how rosy it is, or might be soon. It isn't, and it won't be. Lots of people have, despite your sheltered home counties existence, been very badly hit by this episode, and won't be comforted by your hollow attention-seeking rhetoric.

 

BBC NEWS | Business | UK jobless total climbs to 2.4m

Another 220k added to the dole queue can only be another green shoot, eh, Pete? I mean, what's a 10%+ increase in unemployment over a 3 month period?

That's another 220k not paying into the system and taking more out of the ever decreasing pot.

But it's ok, we'll print more money to pay them their multitude of benefits.

 

Unemployment is a lagging indicator - it continues to climb after the green shoots have turned into flowers.

The IMF did, indeed, get it completely wrong when they suggested the UK 'could' be badly hit .... the skills of the ex-chancellor (hate it or not) pulled the UK out far faster than any other nation - as can be seen all around.

Shares UP - fact

Houses being sold - fact

£ holding against other currencies - fact

Car Sales UP - fact

Retail Sales UP - fact

Yeah, really doom and gloom in UK plc! ..... whatever it was, and it was diddly squat, is over - passed - gone - finished - kerput - the roses are about to bloom, there is no doom!

 

It may be lagging, but it's still going up, up, up. And all estimates say it will continue to rise.

I admire you optimism, albeit very deluded.

Try that spin when you're canvassing for Labour come the next election.

Much of your above post is reaction to stimulus; stimulus that can't go on for much longer and has to be paid back by the ever decreasing tax-paying population.

Labour are simply loading up their credit card and the credit limit is just about to be reached.

 

The Tax-Payers are sitting on a very nice profit in the Banks at the moment!

As anyone who stepped into the market in March this year will tell you, there is a huge amount of money to be made - just look at Barclays Share Price and what you would be sitting on if you put just £10,000 into their shares in March!

 

Even better, 100,000 RBS sharess when they were 10p - I even posted this on this very BBS. Fantastic profit

 

There were other posts on this BBS saying buy NR when shares hit £1.60!!!!

Not from Trout, though!

 

Indeed - I never recommended NR shares and they plummeted like a, well, a rock!

RBS were always worth a gamble though!

 

News today that France and Germany are officially out of recession after recording growth in Q2.

UK PLC is still struggling along with a shrinking economy!

 

Should take some of the pain out of the huge tax rises that we'll be hit with over the next 2 years

 

At half past 11 on an iPod, I really can't be arsed if I offend your punctuation sensibilities sunshine.

 

The time, and the device you're using, should be no excuse. And it's spelling, not punctuation. Sunshine.

 

starting a sentence with an And is very "modern"

not done in my day, but I suppose this is an internet forum after all

 

And has always been a perfectly acceptable way of starting a sentence, if it's done properly. As is "but". But most kids are discouraged to use either, even these days.

However, the your/you're thing could drive me to drink...

 

thank fvck i did not point out the , followed by an and then ;-)