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  1. #1
    DF VIP Member GTI's Avatar
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    Default Euro almost worth a pound

    I've heard that today most UK Bureau de Changes' are round it up so a pound is now worth a Euro. Great news for exporters and the British tourism industry, not so good for Brits looking to max out their credit cards in New York.

    Pound in fifth day of euro lows





    The pound has fallen to a fresh low against the euro for a fifth day in a row, while the dollar declined on a US bail-out plan failure.
    In early London trading sterling fell below 1.12 euros as investors worried that the UK economy would be among the hardest hit by the recession.
    In addition, UK interest rates are at their lowest level since 1951, and are lower than those in the eurozone.
    The pound fell to 1.1191 euros, while the euro also rose against the dollar.
    As the pound has been sliding to parity with the euro, talks of the UK adopting the single European currency emerged.
    div.cap_m { font-size: 11px; line-height: 13px; padding: 2px 0 5px 10px; color: #333; font-family: verdana; font-weight: bolder;}div.cap_s { font-size: 10px; line-height: 13px; padding: 2px 0 5px 10px; color: #666; font-family: verdana; font-weight: normal;}POUND STERLING v EURO: 12 December 2008

    *All Times GMT

    But the former Bank of England and Financial Services Authority official, David Green, told BBC News it was premature.
    "This is the first real test for the euro: a recession is coming on, we don't know what's going to happen to those parts of the eurozone like Spain or Ireland which have no flexibility of exchange rates and interest rates, and I think that any government would be wise to be cautious for the time being," he said.
    Future of carmakers
    The dollar also dropped to a 13-year low against the yen as a $14bn (£9.4bn) bail-out deal for the US car industry failed to get US Senate support, raising fears of job cuts and a possible industry collapse.
    "This has clearly hit risk sentiment hard and helped to fuel yen gains," said Lee Hardman, currency economist at BTM-UFJ. "The market has been focusing on the drop in dollar/yen below the 90 level, which has raised fears of intervention by the Japanese authorities," he added. At one point, the dollar fell to 88.10 yen, but later bounced back to 90.34 yen.


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  2. #2
    DF Jedi Cenus_'s Avatar
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    Default Re: Euro almost worth a pound

    I'm taking the bird to Paris on Monday, changed my money today got 1.06, 460 euros cost me 430 quid!

  3. #3
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    Default Re: Euro almost worth a pound

    Love Paris, bloody expensive though, i paid 6-50 for a pint of Guinness, recently, and a quid for a litre bottle of wine lol.

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    Default Re: Euro almost worth a pound

    A bottle, couldn't you see the cartons you posh git..?

    No sympathy for the devil; keep that in mind. Buy the ticket, take the ride...

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    DF Jedi Cenus_'s Avatar
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    Default Re: Euro almost worth a pound

    Quote Originally Posted by ilscuro View Post
    Love Paris, bloody expensive though, i paid 6-50 for a pint of Guinness, recently, and a quid for a litre bottle of wine lol.
    Wait, one pound for one bottle of wine? where?? i can give up beer for a week at them prices!!

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    DF PwNagE Thrush's Avatar
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    Default Re: Euro almost worth a pound

    -____- I'm flying out to Japan next week, guess I'm eating cup noodles for the duration of my stay

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    Default Re: Euro almost worth a pound

    Quote Originally Posted by Thrush View Post
    -____- I'm flying out to Japan next week, guess I'm eating cup noodles for the duration of my stay
    I dunno the exchange rate but I think Japans currency has been in trouble for the last couple of years (?) Then again a friend from the past who went there said it was expensive anyway.

    You used to live there I think - am I right..?
    No sympathy for the devil; keep that in mind. Buy the ticket, take the ride...

  8. #8
    DF PwNagE Thrush's Avatar
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    Default Re: Euro almost worth a pound

    Yep used to live there, moving back out there permantly in the summer.

    Just to put it in some context, last year I was getting around 200 yen to the pound.

    I'm over this christmas to sort a few things out, top of the list... which cup noodle do I buy first!

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    DF PwNagE Thrush's Avatar
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    Default Re: Euro almost worth a pound

    I was at Helsinki airport on Friday afternoon to catch my connecting flight to Osaka.

    Went to the travelex desk to get some euros for a beer..... 0.96 euros to the pound!!!!

    I didn't get the beer

    122yen the the pound on Friday as well... cunts.

  10. #10
    DF Jedi DelTrotter's Avatar
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    Default Re: Euro almost worth a pound

    ERM all over again it could be!!
    "Your proposition may be good. But let's have one thing understood
    Whatever it is, I'm against it! And even when you've changed it Or condensed it
    I'm against it!"
    A top man

  11. #11
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    Default Re: Euro almost worth a pound

    I had a bad deal today at the post office changing euros back to pounds. I changed it all & then looked at the receipt and the rate was 1.14 euros to the pound, serves me right for not asking up front I suppose
    No sympathy for the devil; keep that in mind. Buy the ticket, take the ride...

  12. #12
    DF Jedi darkstar's Avatar
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    Default Re: Euro almost worth a pound

    i think this could be one step closer to getting us to accept the euro lets face it its not going to be long till its one for one

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    Default Re: Euro almost worth a pound

    Quote Originally Posted by GTI View Post
    I've heard that today most UK Bureau de Changes' are round it up so a pound is now worth a Euro. Great news for exporters and the British tourism industry, not so good for Brits looking to max out their credit cards in New York.
    When did America change to the €Euro?

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