Should we be selling all pounds asap ? Should we be selling all pounds asap ?

View Poll Results: Should we be selling all pounds asap ?

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  • Yes

    6 54.55%
  • No

    5 45.45%
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  1. #1

    More time posting than coding

    juststarting has no reputation


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    Default Should we be selling all pounds asap ?

    Should we be selling all pounds asap ?

    If you have non-definitive answer please comment instead of voting.

  2. #2

    I Am Legend

    BrilloPad has reached the peak. Play again?


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    You forget the andyw option "andyw is a fx trader and loves straight line trends"

  3. #3

    My post count is Majestic

    AtW is a fount of knowledge

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    Do you mean sterling? A bit too late for selling that, it might fall further 15-20% though but the solution to this problem is to earn foreign currency that will convert into lots of pounds rather than convert small amount of pounds into even smaller amount of foreign currency.

  4. #4

    More time posting than coding

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    Quote Originally Posted by BrilloPad View Post
    You forget the andyw option "andyw is a fx trader and loves straight line trends"
    In my opinion Andyw is an owners creation , as many others here , designed to judge members feelings about language on this forum.

  5. #5

    More time posting than coding

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    Quote Originally Posted by AtW View Post
    Do you mean sterling? A bit too late for selling that, it might fall further 15-20% though but the solution to this problem is to earn foreign currency that will convert into lots of pounds rather than convert small amount of pounds into even smaller amount of foreign currency.
    But , there are gloomier and gloomier forecasts every day about the pound. You are indeed right though that working does help.

  6. #6

    Dirty kapitalist spekulant

    DiscoStu has more data than eek

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    Quote Originally Posted by juststarting View Post
    In my opinion Andyw is an owners creation , as many others here , designed to judge members feelings about language on this forum.
    Eh?
    ǝןqqıʍ

  7. #7

    Super poster

    Francko is too good to be a permie

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    Quote Originally Posted by juststarting View Post
    But , there are gloomier and gloomier forecasts every day about the pound. You are indeed right though that working does help.
    Speculating on exchange rates is the riskiest thing that you can do as nobody can ever know what is going to happen (of course, apart from atW and his infinite wisdom).

    If you plan to stay in the UK it makes sense just to forget about it. It might make more sense for an expat to invest now in sterlings and convert all the savings if he/she plans to return. For anybody else, it is just too risky to play with these things.
    I've seen much of the rest of the world. It is brutal and cruel and dark, Rome is the light.

  8. #8

    Contractor Among Contractors

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    I am sure we can pretty sure the short term trend for the £
    is down.

    Gordon Brown and Mervyn King have made sure of that.

    I wonder if we will see parity with the Euro

  9. #9

    Fingers like lightning

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    Quote Originally Posted by Francko View Post
    Speculating on exchange rates is the riskiest thing that you can do as nobody can ever know what is going to happen (of course, apart from atW and his infinite wisdom).
    Indeed, is true, no one knows how fast sterling is going to go down. Down like a dropped brick? Or down like one of those tank buster rockets that goes down and at the last moment explodes in a great cloud of down-ness, totally sterlising the contents...

  10. #10

    Godlike

    Fred Bloggs is NOT a disguised employee

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    Too late now. Best bet would be to get a job paid in Euro's for now. But then by the time you've spent all that time and money on flights/trains/taxis/hotels, might just as well stay at home earning £'s. I used to buy a fair bit of stuff from the US regularly by mail order, now I don't.

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