GBP - How low will it go? GBP - How low will it go? - Page 22
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  1. #211

    More time posting than coding

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    Quote Originally Posted by JohntheBike View Post
    well, you can answer that question yourself. Fine out what the average wage was in 1960 and relate that to the cost of a transatlantic ticket and do the same for today.
    Maybe (just maybe) for the cost of a TV or a transatlantic flight in the 60s vs today there is a lot more variables than just the average buying power!!!!

    25/30 years ago only the rich could afford a mobile phone, today even most homeless people will have one! Does this mean that the homeless people of today has the same buying power of the rich 25/30 years ago!?
    "The boy who cried Sheep"

  2. #212

    Double Godlike!

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    Quote Originally Posted by WTFH View Post
    You’re the one who takes everything off topic.
    yes, with lots of encouragement from you and your sheep pal FFS
    Entropy is NOT what it used to be.
    Inertia, however........................

  3. #213

    I live on CUK

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    Quote Originally Posted by JohntheBike View Post
    for some considerable time, well before I suspect you were born, 2 shillings and sixpence, i.e. half a crown, was colloquially referred to as half a dollar.

    However, irrespective of the actual rate, and when exactly it was, we are much better of now with £1 = $1.2 than we were then. So I repeat that in the long term, exchange rates are not that relevant. What is relevant is that we compare actual values based on a known criteria, such as how long does it take based on average wages to buy any particular article now as compared with any previous time. Clearly if you apply those criteria to say a TV, then the answer would be that it costs less in real terms now to buy a TV than it did in 1960 for example. I would suggest though that it costs more in real terms now to buy a house than it did in 1960.
    Are we better off before or since Marathon was renamed to Snickers?

  4. #214

    Prof Cunning @ Oxford Uni

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    Quote Originally Posted by BR14 View Post
    ... you and your sheep pal FFS
    I’m not Welsh!
    I'm perfect, in a very specific and limited way.
    Hands... out infractions
    Face... the music
    Space... between the ears

  5. #215

    I Am Legend


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    Quote Originally Posted by WTFH View Post
    I’m not Welsh!
    When you threatened to move there they voted against it. And they accepted me......

  6. #216

    Contractor Among Contractors


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    Quote Originally Posted by Old Greg View Post
    Are we better off before or since Marathon was renamed to Snickers?
    well that was 1990, almost 30 years ago, so I guess we are better off, irrespective of the dollar exchange rate.

  7. #217

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    Quote Originally Posted by JohntheBike View Post
    well that was 1990, almost 30 years ago, so I guess we are better off, irrespective of the dollar exchange rate.
    Have you noticed how the fading stars make the sun come up in the morning?

  8. #218

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    Default GBP to be parity with USD

    GBP to be parity with USD

    with the country reverting to World Trade Organization rules on border controls. Some, though not all, suggest the British pound could eventually end up at parity with the U.S. dollar.
    https://www.washingtonpost.com/world...british-pound/

    “The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,”
    https://www.bloomberg.com/news/artic...g-to-take-hold
    "A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell

  9. #219

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    Quote Originally Posted by Paddy View Post
    GBP to be parity with USD
    Excellent news, thank you.

  10. #220

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    Euro to superseed both of them.


    Can't wait to see the markets react to the massive printing spree the UK & US central banks are about to ignite. The ECB too, however the debts building up in the US will require so much more money creation.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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