Close

Results 1 to 11 of 11
  1. #1
    DF Admin 4me2's Avatar
    Join Date
    Nov 2000
    Location
    Kent
    Posts
    33,090
    Thanks
    1,879
    Thanked:        2,033
    Karma Level
    2253

    Bad News Sterling plunges against dollar

    Sterling plunges against dollar


    The pound has been battered by fears of a prolonged recession in the UK


    Sterling has fallen sharply against the dollar as yet more bad economic data points towards a prolonged recession and further interest rate cuts.
    The pound was down 5.2 cents to $1.486, its largest one day fall in percentage terms since sterling crashed out of the Exchange Rate Mechanism (ERM) in 1992.
    Sharp falls in the FTSE 100 index - down 5.2% on Monday - also served to undermine the currency.
    The pound was also down 3.5 cents against the euro, at 0.851 pounds.
    The poor economic data increases the likelihood that the Bank of England will cut interest rates on Thursday. HSBC confirmed on Monday it is cutting 500 jobs across the UK, while carmaker Aston Martin announced it will cut 300 full-time and 300 temporary jobs. Mortgage approvals also fell in October, according to figures released by the Bank of England, suggesting house prices may fall even further.


    http://news.bbc.co.uk/1/hi/business/7759576.stm
    There are 3 types of people in the world - those who make things happen, those who watch things happen; and those who wondered what happened.

    http://newsarse.com/

    Conservatives. Putting the 'N' into Cuts.


  2. #2
    DF VIP Member Over Carl's Avatar
    Join Date
    Apr 2006
    Location
    London
    Posts
    13,125
    Thanks
    3,975
    Thanked:        1,690
    Karma Level
    1251

    Default Re: Sterling plunges against dollar

    Yep, it don't look good.

    Euro




    Dollar


  3. #3
    DF VIP Member
    B B Leo's Avatar
    Join Date
    Nov 2001
    Location
    Belfast, UK
    Posts
    19,254
    Thanks
    433
    Thanked:        379
    Karma Level
    1340

    Default Re: Sterling plunges against dollar

    we are all doomed
    www.facebook.com/bigbadleo
     Big-Bad-Leo 


  4. #4
    DF VIP Member funkyg's Avatar
    Join Date
    Feb 2002
    Location
    In a bunker
    Posts
    3,360
    Thanks
    249
    Thanked:        186
    Karma Level
    454

    Default Re: Sterling plunges against dollar

    Quote Originally Posted by B B Leo View Post
    we are all doomed
    You can only say that in a Scottish accent.
    Ooh, ooh, ooh, the funky gibbon.


  5. #5
    DF VIP Member GTI's Avatar
    Join Date
    Aug 2006
    Location
    Switzerland
    Posts
    7,691
    Thanks
    1,563
    Thanked:        2,205
    Karma Level
    1079

    Default Re: Sterling plunges against dollar

    I would urge you all to consider the bright side.
    Spoiler:
    My mortgage payments back in the UK are getting cheaper by the day
    "You have reached the end of you free trial membership at BenjaminFranklinQuotes.com"
    -Benjamin Franklin

  6. #6
    DF Super Moderator
    evilsatan's Avatar
    Join Date
    Jul 2004
    Location
    Essex
    Posts
    20,079
    Thanks
    1,105
    Thanked:        3,241
    Karma Level
    1541

    Default Re: Sterling plunges against dollar

    It's no worse than it was a couple of weeks ago. Still bad times for most of us.


  7. #7
    DF VIP Member
    B B Leo's Avatar
    Join Date
    Nov 2001
    Location
    Belfast, UK
    Posts
    19,254
    Thanks
    433
    Thanked:        379
    Karma Level
    1340

    Default Re: Sterling plunges against dollar

    the unfortuneate thing it we just have to wait and see if and when it happens, cause there is not a thing wee can do only wait 4 it
    www.facebook.com/bigbadleo
     Big-Bad-Leo 


  8. #8
    DF VIP Member Thrush's Avatar
    Join Date
    Jul 2001
    Location
    Near Mt. Fuji
    Posts
    8,409
    Thanks
    184
    Thanked:        132
    Karma Level
    808

    Default Re: Sterling plunges against dollar

    grrrrr.

  9. #9
    DF VIP Member Brock's Avatar
    Join Date
    Feb 2003
    Location
    North East
    Posts
    1,313
    Thanks
    0
    Thanked:        0
    Karma Level
    336

    Default Re: Sterling plunges against dollar

    My DF dollars are doing badly against all currency.

  10. #10
    DF VIP Member
    B B Leo's Avatar
    Join Date
    Nov 2001
    Location
    Belfast, UK
    Posts
    19,254
    Thanks
    433
    Thanked:        379
    Karma Level
    1340

    Default Re: Sterling plunges against dollar

    Quote Originally Posted by Brock View Post
    My DF dollars are doing badly against all currency.
    that help u out m8
    www.facebook.com/bigbadleo
     Big-Bad-Leo 


  11. #11
    DF VIP Member Brock's Avatar
    Join Date
    Feb 2003
    Location
    North East
    Posts
    1,313
    Thanks
    0
    Thanked:        0
    Karma Level
    336

    respect Re: Sterling plunges against dollar

    Very kind of you good sir. It will be a happy Christmas after all.

Similar Threads

  1. 10 dollar game
    By Wizzo in forum Gamblers Anonymous
    Replies: 1
    Last Post: 29th November 2005, 12:54 AM
  2. Sterling house bikes -
    By Karoline in forum General Sports
    Replies: 3
    Last Post: 20th June 2005, 11:25 AM
  3. Either £5 or $100 dollar amazon voucher for completing questionnaire
    By salvadorescobar in forum Cheapskates Corner
    Replies: 2
    Last Post: 16th August 2004, 12:47 PM
  4. Replies: 0
    Last Post: 28th August 2002, 10:21 AM

Social Networking Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •