More Doom - Run on the Pound Underway

[OwlHoot]

The pound has been dropping steadily against the dollar all day, and is now at $1.48 and falling ..

See graph here (To get GBP/USD, click "File" then "Change Symbol".)

Mind you, it may not be all doom and gloom, as it does make UK exports cheaper.

[AtW]

UK exports cheaper.

Good for SKA - it helps improve Brittannia's balance of payments

[Purple Dalek]

Nah, it just closed too high last week and is correcting that. Although I do expect it to drop quite a bit over the next few weeks.

[minestrone]

I asked this last week but nobody replied, I have quite a large sum in LLoydsTSB and I am seriously considering moving it to the Euro.

Can I just get the bank to do this? Have an account of Euros?

[PRC1964]

The costa-del-blue-rinse brigade are struggling. Their sterling pensions are not paying enough anymore.

[Liability]

Do people think it will get lower?

Surely the real situation in the States has not even been factored in yet?

[AtW]

Surely the real situation in the States has not even been factored in yet?

The thinking is that the USA got into it first and were pounded all this year, now it's Europes turn and I think UK will be even worse than eurozone, so USA looks more attractive.

[ThomasSoerensen]

I asked this last week but nobody replied, I have quite a large sum in LLoydsTSB and I am seriously considering moving it to the Euro.

Can I just get the bank to do this? Have an account of Euros?

If we cannot answer, then maybe LLoydsTSB can

[AtW]

Some years ago I wanted to open dollar account in the UK and it was like impossible - the best LTSB could offer was offshore account in one of their daughter companies: did not want to get involved with offshore stuff. It's probably too late to convert money anyway, better stick to it and ride the storm out then convert.

[_V_]

If we cannot answer, then maybe LLoydsTSB can

On a similar note, do you think Sandra in accounts would like to go out for a drink next Friday?