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Pound sinking - deflation expected

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    #11
    Transferred some CHF to my sterling account at the weekend - should have waited a few days.
    Down with racism. Long live miscegenation!

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      #12
      Originally posted by Pondlife View Post
      £1 = €1.2141

      <alan partridge>
      Back of the net!
      </alan partridge>
      I missed out on about £50K of "free" money by changing my Euros to £ before Brown got his teeth into the economy.

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        #13
        At least the £ is holding firm against the zloty and Romanian Lei
        Let us not forget EU open doors immigration benefits IT contractors more than anyone

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          #14
          Originally posted by DodgyAgent View Post
          At least the £ is holding firm against the zloty and Romanian Lei
          I guess we'll be looking for jobs in Eastern Europe soon anyway
          'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
          Nick Pickles, director of Big Brother Watch.

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            #15
            As long as its not going down agains the Remini then we'll still get our cheap goods. And UK IT will start to look cheaper to the American's...maybe we can finally start exporting again!
            McCoy: "Medical men are trained in logic."
            Spock: "Trained? Judging from you, I would have guessed it was trial and error."

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              #16
              Originally posted by SantaClaus View Post
              We may see 1.4 against the dollar by the end of today.

              Yes, I'm short since 1.5400
              Time to invest in UK PLC?
              I've seen much of the rest of the world. It is brutal and cruel and dark, Rome is the light.

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                #17
                Originally posted by lilelvis2000 View Post
                As long as its not going down agains the Remini then we'll still get our cheap goods. And UK IT will start to look cheaper to the American's...maybe we can finally start exporting again!
                Shame we've hardly got anything worth exporting
                ǝןqqıʍ

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                  #18
                  Originally posted by DiscoStu View Post
                  Shame we've hardly got anything worth exporting
                  Pharma.

                  Except all the patents have expired and the workers laid off.

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                    #19
                    I dont think so

                    Originally posted by SantaClaus View Post
                    I guess we'll be looking for jobs in Eastern Europe soon anyway

                    http://www.telegraph.co.uk/finance/f...s-deepens.html

                    Looks like Russia is going to be in the dwang as well. Well characteristically, the Kremlin have dispatched the police to deal with any "dissenters" so I guess unlike the whinging UK the Ruskys will just have to grin and bear it.
                    There are no evil thoughts except one: the refusal to think

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                      #20
                      £ below EUR 1.22 right that's it I'm getting all pound assets out.

                      it don't look good, the rate of declining is steepening.

                      Bank of England official view is that a declining pound is OK.
                      Last edited by BlasterBates; 12 November 2008, 11:54.
                      I'm alright Jack

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