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Thread: The Pound - British Pound

  1. #1

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    Default The Pound - British Pound

    Just noticed that the pound is worh about $1.18 USD, and that it has fallen to a 35-year low.

    Point is that anything that is coming from abroad is gonna get more expensive.

    SMH.
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    Quote Originally Posted by Valentina View Post
    Just noticed that the pound is worh about $1.18 USD, and that it has fallen to a 35-year low.

    Point is that anything that is coming from abroad is gonna get more expensive.

    SMH.
    Join the club Val . Ive seen my Canadian dollar devalue 30-40% in past three years vs Euro .U.SD and the Pound . Everything seems to have doubled in price . I feel the pain dear .

    On tuesday our dollar lost 3cents overnight . Thats a huge hit . Usually varies by .01 cents here and there

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    Yet this is the calm before the storm.

    Man has lived beyond his means for too long and we will witness that over next decade or 2.

    Fat cats have just cashed out hence markets and currency crash

    Not jmo

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    1.16 to the USD and 1.07 to the EUR.

    Nose bleed territory...

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    Quote Originally Posted by gardro View Post
    Yet this is the calm before the storm.

    Man has lived beyond his means for too long and we will witness that over next decade or 2.

    Fat cats have just cashed out hence markets and currency crash

    Not jmo
    No kidding 1/3 of u.s markets been cashed out . 10000 pt loss on the DJIA .
    Mass transfer of wealth goin on .

    Have UK mortgages and rents and eviction notices been halted yet ? They just did that here so no one can lose their house or be thrown out in the streets

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    There is a lot further for the exchange rate to fall due to a huge dollar shortage.

    12 trillion is needed at the moment!!! Insane amounts.
    Current Grow (3L coco autos) : Jumper's 2020 shenanigans

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    Quantitative easing in the UK just exacerbates the problem.

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    Quote Originally Posted by WhIpLaSh View Post
    Quantitative easing in the UK just exacerbates the problem.
    Easy decision when it’s not your money !!!!

    Although to be fair, I’d rather be able to print money and control our interest rates than the alternative.

    Just look at Europe!

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    Quote Originally Posted by WhIpLaSh View Post
    Quantitative easing in the UK just exacerbates the problem.
    No kidding . Creates more debt and devalues the currency big time .

    Like paying off one credit card with another . Insane policies after another

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