Pound to fall

[TimberWolf]

The pound should fall as Bank of England hawks lose influence, analysts suggest.
Hard Times For Pound as Hawks Leave the Nest - WSJ.com

If only the government could find some way of persuading people to keep their money in Sterling for a derisory interest rate (negative in real unfiddled terms likely) and locked in for 5 years.

[AtW]

That should help exports...

[scooterscot]

With any luck the euro will rise at the same time

[DimPrawn]

Pound has fallen 25%.

I had four pound coins in my pocket this morning, now I've only got three. I suspect one fell sharply due to votalility in my trousers.

Either that or some dirty spekulant was looking at my big shorts.

[Sysman]

Pound has fallen 25%.

I had four pound coins in my pocket this morning, now I've only got three. I suspect one fell sharply due to votalility in my trousers.

Either that or some dirty spekulant was looking at my big shorts.

That was Thatcher's problem with Sterling. Because she never carried money herself, she lost touch with what it was worth.

[d000hg]

That was Thatcher's problem with Sterling. Because she never carried money herself, she lost touch with what it was worth.

Only plebs carry cash.

[DimPrawn]

Only plebs carry cash.

Indeed. I carry gold, but fook me it's heavy.

Gold could rise as far as $12,000

Boomed!

[Sysman]

Only plebs carry cash.

The brainwashing is working as planned

[TimberWolf]

Hmm

• Median age for all existing currencies in circulation is 39 years
• British pound sterling and the United States dollar are considered to be the most successful paper currencies of all time:
• ...GBP has lost 98.8% of its value since 1560 measured against silver - " the British Pound originally represented one troy pound of sterling silver"
• ...USD has lost 97.8% of its value since 1792 measured against gold - " the dollar was pegged at 24.75 grains of gold"

"Paper money eventually returns to its intrinsic value - zero." (Voltaire, 1694-1778)

http://www.marketoracle.co.uk/Article8100.html

[scooterscot]

So the euro has just begun in life - buy now i tell you!!