Pound continues to weaken against dollar and euro - GoFuckYourself.com

wehateporn · 02-18-2013, 07:14 AM

Good news for most UK adult webmasters

http://www.bbc.co.uk/news/business-21496997

"Sterling has continued to weaken against the dollar and the euro on continued worries about the health of the UK economy.

Against the dollar, sterling fell to a seven-month low, and against the euro it was nearing a 15-month low.

The falls came after Bank of England policymaker Martin Weale said that sterling may need to weaken further to bolster the UK economy.

Currency speculators are also betting that sterling will fall, data shows.

Sterling fell 0.5% to $1.543, its lowest since 13 July, 2012. The euro was up 0.3% against sterling, making a euro worth 86.3 pence.

The pound has been weakening this year following some disappointing economic data and worries that the UK may lose is triple-A credit rating.

In a speech on Saturday Mr Weale said the currency may need to weaken further, helping to make exports cheaper and boost growth.

Last week, the pound suffered its biggest weekly loss since early June 2012 after a weak retail sales report for January added to worries about the economy.

The pound had already been under pressure since the middle of last week when the Bank of England quarterly inflation report forecast higher inflation and weak growth.

Governor Mervyn King also said the Bank was ready to tolerate higher inflation to support the economy.

Steve Englander, currency strategist at Citi, wrote in a research note: "If you go through recent Bank of England commentary, they are quite openly cheer-leading the pound down as a way of closing the UK's external imbalance and generating a cyclical recovery."

Speculators have increased their bets against the pound, with latest data from the Commodity Futures Trading Commission showing they built up their largest "short" sterling bets since last June. Short sellers make money if a currency or share price goes down."

EddyTheDog · 02-18-2013, 07:20 AM

It gives me a headache - I get paid (mostly) in $, I live in the UK but most of my outgoings are in Spain.

I lose so much in exchanges it makes me sick.

Deputy Chief Command · 02-18-2013, 07:22 AM

Quote:

Originally Posted by EddyTheDog

It gives me a headache - I get paid (mostly) in $, I live in the UK but most of my outgoings are in Spain.

I lose so much in exchanges it makes me sick.

why would you lose in exchange? you have to play it smart ..

you should be making money on the exchange

Markul · 02-18-2013, 07:23 AM

Bad news for people that has dating sites with a UK company that pays in pounds ><

EddyTheDog · 02-18-2013, 07:36 AM

Quote:

Originally Posted by Deputy Chief Command

why would you lose in exchange? you have to play it smart ..

you should be making money on the exchange

I should use a Spanish account - but that has other implications - I need to bite the bullet and pay an expert to tell me the best way of doing it.

wehateporn · 02-18-2013, 07:38 AM

Quote:

Originally Posted by EddyTheDog

I should use a Spanish account - but that has other implications - I need to bite the bullet and pay an expert to tell me the best way of doing it.

You've come to the right place

seeandsee · 02-18-2013, 07:44 AM

i want fucking $ in pair with eur

wehateporn · 02-18-2013, 07:47 AM

Quote:

Originally Posted by seeandsee

i want fucking $ in pair with eur

It's all being planned, this man will know the exact date

AllAboutCams · 02-18-2013, 08:08 AM

im sure it cost me $60 to get $1000 out of paxum with charges and fees
getting paid in us$ sucks big time

Dirty F · 02-18-2013, 08:17 AM

Quote:

Originally Posted by AllAboutCams

im sure it cost me $60 to get $1000 out of paxum with charges and fees
getting paid in us$ sucks big time

Just 60?
I lose 250 euros when i exchange 1000 dollars.

AllAboutCams · 02-18-2013, 08:29 AM

Quote:

Originally Posted by Dirty F

Just 60?
I lose 250 euros when i exchange 1000 dollars.

fucking hell

Deputy Chief Command · 02-18-2013, 08:33 AM

Quote:

Originally Posted by Dirty F

Just 60?
I lose 250 euros when i exchange 1000 dollars.

I hope you are not doing that transaction too many times? that is just throwing away money, there are lots of possibilities to make money on the exchange rate so don't just give away your $$

Dirty F · 02-18-2013, 08:38 AM

Quote:

Originally Posted by Deputy Chief Command

I hope you are not doing that transaction too many times? that is just throwing away money, there are lots of possibilities to make money on the exchange rate so don't just give away your $$

Well, i need to get euros in my wallet don't i? I don't see how with such a difference between dollars and euros i could make money off it instead of losing it.

AllAboutCams · 02-18-2013, 08:39 AM

i would be better off buying gold

02-18-2013, 07:14 AM	#1
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,173	Pound continues to weaken against dollar and euro Good news for most UK adult webmasters http://www.bbc.co.uk/news/business-21496997 "Sterling has continued to weaken against the dollar and the euro on continued worries about the health of the UK economy. Against the dollar, sterling fell to a seven-month low, and against the euro it was nearing a 15-month low. The falls came after Bank of England policymaker Martin Weale said that sterling may need to weaken further to bolster the UK economy. Currency speculators are also betting that sterling will fall, data shows. Sterling fell 0.5% to $1.543, its lowest since 13 July, 2012. The euro was up 0.3% against sterling, making a euro worth 86.3 pence. The pound has been weakening this year following some disappointing economic data and worries that the UK may lose is triple-A credit rating. In a speech on Saturday Mr Weale said the currency may need to weaken further, helping to make exports cheaper and boost growth. Last week, the pound suffered its biggest weekly loss since early June 2012 after a weak retail sales report for January added to worries about the economy. The pound had already been under pressure since the middle of last week when the Bank of England quarterly inflation report forecast higher inflation and weak growth. Governor Mervyn King also said the Bank was ready to tolerate higher inflation to support the economy. Steve Englander, currency strategist at Citi, wrote in a research note: "If you go through recent Bank of England commentary, they are quite openly cheer-leading the pound down as a way of closing the UK's external imbalance and generating a cyclical recovery." Speculators have increased their bets against the pound, with latest data from the Commodity Futures Trading Commission showing they built up their largest "short" sterling bets since last June. Short sellers make money if a currency or share price goes down." __________________ Sexy Girls Teasing

02-18-2013, 07:44 AM	#7
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02-18-2013, 08:08 AM	#9
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02-18-2013, 08:39 AM	#14
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02-18-2013, 07:20 AM	#2
EddyTheDog Just Doing My Own Thing Industry Role: Join Date: Jan 2011 Location: London, Spain, New Zealand, GFY - Not Croydon... Posts: 25,106	It gives me a headache - I get paid (mostly) in $, I live in the UK but most of my outgoings are in Spain. I lose so much in exchanges it makes me sick.

02-18-2013, 07:23 AM	#4
Markul Likes Pie Industry Role: Join Date: Dec 2007 Location: The land that liberated porn Posts: 12,401	Bad news for people that has dating sites with a UK company that pays in pounds ><