 Poster: A snowHead
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Swiss Francs to the £
OUCH !!!
Glad we paid for the hotel 2 months ago at 2.11
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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The pound is dipping against most major currencies. MSB in Scotland next year?
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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I got 2.46 when I paid the deposit on my apt back in July. I wish it was that now!
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You need to Login to know who's really who.
You need to Login to know who's really who.
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masmith, yep. Painful. I live in Switzerland but get paid in £ and $. (Working for a UK based subsid of a US co.) Ouch indeed. Although, earning less means I pay less tax...?
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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Can anyone explain to me in simple terms, why the pound has turned to rat shite?
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You'll need to Register first of course.
You'll need to Register first of course.
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Just googled it....
Reasons for the decline in Pound Sterling include:
Economic Growth in UK forecast to fall. This means that interest rates are likely to fall. Lower interest rates make the UK a less attractive place to invest hot money flows (get a better return elsewhere)
Housing Crash. Some predict a fall in house prices like the US. Even if they don’t crash, it is probable they will at least stagnate. Consumer confidence will fall. The housing market is one of the main reasons for the predicted slowdown in the economy.
Balance of Payments. 2007 has seen a widening of the UK current account deficit. This leads to an an outflow of foreign currency, putting downward pressure on sterling.
Strength of the Euro. Many are predicting the Euro is taking over the dollar as the world’s dominant currency. This is increasing demand for Euros and causing the Euros strength at expense of other currencies such as the Pound Sterling.
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bucking bronco, 
So what happened? Was he happy, did Seb try and fit him or find any boots?
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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bucking bronco, I think i remember, i took your seat?
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OK, so here's another question. The trading currency for oil is dollars, so each barrel of oil that gets imported into Europe gets paid for in dollars right? Given that the dollar has fallen in value against the Euro by about 20% in the last year, why is this fact not reflected in the euro price we pay for oil here?
Yes I do understand that the dollar price for oil has also risen by >20% over the last year or so ( I think it was at about $80 per barrel a year ago ), but in my simplistic view of things then at least here in Europe we should be seeing significantly lower rises than what we have in fat seen over the last year. What am I missing
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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SMALLZOOKEEPER,
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Can anyone explain to me in simple terms, why the pound has turned to rat shite?
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No-one has any idea least of all the numb nuts in the City....
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And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
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I'm not really that concerned about the pound but I really want to know just how wide that guys feet were 
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You know it makes sense.
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SMALLZOOKEEPER, tools???? Were any in use at the end of braveheart 
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Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
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David Murdoch, thank the lord most of my work operates CHF <--> EUR which is holding pretty stable. Now, of course, is the time for us to be buying in the UK, of course 
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Poster: A snowHead
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eng_ch, I was thinking the same thing. Scotland here we come.
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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SMALLZOOKEEPER, and Scotland has great snow this year - maybe forex rates are in fact Snowrex rates?
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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| bucking bronco wrote: |
| Strength of the Euro. Many are predicting the Euro is taking over the dollar as the world’s dominant currency. This is increasing demand for Euros and causing the Euros strength at expense of other currencies such as the Pound Sterling. |
Hmmm, anyone else think we really should have entered the Euro zone a few years ago?!
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You need to Login to know who's really who.
You need to Login to know who's really who.
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roga, nope. I do business in $, £ and € (with the great majority of my costs in £). I'm not sure I'd have any profitable $ business left if we were in the €; meanwhile our € business is becoming more profitable.
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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IIRC, last time we had a major pound 'slide' and got kicked out of the ERM the following years were boom time for the UK. Cheap £'s mean cheap exports to our nearest market so while the EUROzone stagnated the UK thrived. Is it going to be different this time? Why?
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You'll need to Register first of course.
You'll need to Register first of course.
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| David Murdoch wrote: |
| masmith, yep. Painful. I live in Switzerland but get paid in £ and $. (Working for a UK based subsid of a US co.) Ouch indeed. Although, earning less means I pay less tax...? |
I'll buy you a pint David, I still get paid in CHF.
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| SMALLZOOKEEPER wrote: |
| Can anyone explain to me in simple terms, why the pound has turned to rat shite? |
I work on the trading floor (foreign exchange) here at a US bank.
The technical answer to the question, that's been banded about for a few months now, is that this country is completely f***ed !
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^ why?
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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Since most of our holiday ski accommodation is paid for in GBP, I'm seriously considering moving some CHF into the UK for next year's hols while the exchange rate is so silly. Only question now is what's likely to happen over the next couple of months
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eng_ch, I transferred some pounds to our French account in October. It was a very wise move.
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snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
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eng_ch, we're buying some £s with our Euro profit from the last 12 months. We sent several £ks over to our Austrian bank account 12 months ago and the Euro amount we bought it is buying us considerably more £ now.
D
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And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
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Reading the posts above I'm getting visions of Channel Four replacing all their property programs with programs about middle class dabblers in the currency trade. 
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Kramer, who would you have present it?
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You know it makes sense.
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Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
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Kramer, that smacks a bit of inverse snobbery to me. We'd be silly not to move money while we can if we can, no?
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Poster: A snowHead
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eng_ch, yes, it's more a case of having to 'dabble' to make things work (and to protect ourselves), rather than any kind of rubbing my hands together in glee type of thing, as I know it is likely to come back to bite me at some point or other.
D
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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If you guys are earning in Britain and are having to make regular payments in € at known times, why don't you cover your butts by buying Euro options or Euro futures? Or do the amounts not warrant that kind of behaviour?
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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Steilhang, in my case it isn't that much. My euro income is small and goes straight to my French account and stays there. The income from my apartment covers the mortgage and bills.
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You need to Login to know who's really who.
You need to Login to know who's really who.
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Steilhang, amounts are relatively small. We converted a larger amount when we bought the place, but since then it's all been the other way, all my income and outgoings for the apartment is handled in my Austrian account, so no ongoing regular conversions at all really. The amount mentioned above is a one-off by virtue of the fact that we only purchase 12 months ago.
D
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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Steilhang, surprisingly I gained by not fixing the price of my sterling transfers when I bought our place a couple of years ago. The pound rose against the euro during that time, so I saved myself a bit.
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You'll need to Register first of course.
You'll need to Register first of course.
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| eng_ch wrote: |
| Kramer, that smacks a bit of inverse snobbery to me. We'd be silly not to move money while we can if we can, no? |
Sorry, rolling eyes weren't meant for those trying to take advantage of the changing exchange rates, more about the fact that I don't think that house prices are going to be such a popular topic in the coming years, and so something will have to replace it in the programming schedules. If I were Kirsty and Phil, I'd be quaking in my boots. 
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| Kramer wrote: |
If I were Kirsty and Phil, I'd be quaking in my boots. |
Quite, have you seen how much airtime that Martin-"money-saving-expert"-Lewis is getting these days.
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Am I the only one that thinks that the thread title refers to a version of the directx dll that I need to have?
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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Hoppo, quite possibly.
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FAQ
Trouble is I have nearly spent it all now 
