Simon C

Just found out I have a 150 euro bill for the holiday next year so went looking at XE.com


Bugger me the euro is 1.09 to £1.

**** me the holiday is going to be expensive!!!

wayne9t9

Yup, pound only gets you $1.40. Hard to believe a few months ago it was nearly $2

SwissTony

iTrader: (19)

I think the pound is being 'buggered' as you put it

Rorschach

It's worse than that at $1.37, of course you have to realise that this isn't just the result of Britain being perceived as a vulnerable economy but also due to a government policy of devaluation.

unclebuck

Check it against the Japanese Yen.

I was going to buy an imported performance item for one of my bikes. Gone up in price from £119 to £175 almost overnight.

I guess all imported Jap made items will need to rise as much - cars, bikes, spare parts.... you name it.

r32

And likely to drop lower after the decision to print more money, that just loses International faith in an already week currency..... well done Gordon, another master stroke!

r32

So what would you do?

I'd get the Banks we now own to start loaning money, a little more forcefully than seen so far. I'd wouldnt have wasted Billions on dropping the rate of VAT by a paltry 2.5% (any one noticed any improvement in the economy?) which has gone by totally unnoticed by the financial community. I'd start spending that money on infrastructure projects, roads, dams, railways what ever to put money into the economy quickly.

Probably wouldnt work either, ah well we are all screwed......

jacrobat

There is, apparently, a lot of shorting of the Euro at the moment so leave it a while if you can and you may get more for your pounds.

Overvalued euro set to plunge 'within months' - Telegraph

Matteeboy

We are sticking around in the UK this year.

Did some calculating and worked out that for a one week holiday (can't really take longer as I run it and need to be around) to:

SW France - 9.5 hours travelling door to door EACH WAY, about £2k if staying somewhere decent
Lanzarote - 11 hours travelling EACH WAY, about £2k

The place must have surf and must be quiet and comfy.

So instead we are going to stay in some decent hotels nearby where relatives can look after the baby and reeeelllaaaaaaaax without the travelling hell.

Jamz3k

did loaning money not get us into this mess in the first place? how do you loan money you don't actually have?

zip106

I'm off to Tokyo and Hawaii in 3 weeks time.
The weak £ has added a small fortune to the already pricey holiday!

I changed £1k into ¥137000 2 weeks ago so not too bad.
I'm watching the $ at the moment but I fear I've left it too late for a good rate on that

wayne9t9

Pound/Dollar dropped to 1.3785 since my last post

tanyatriangles

iTrader: (2)

Sickening, isn't it? The yanks are in even more sh*t than us, allegedly, but our currency STILL falls against theirs, the Euro, and everything else.
Cheers Gordon, you ****.