The POUND is at 1.39 right now
 

will the dollar gain more ground on the GBP?

i think so...

no, pound is going down, put it aginst the euro

The UK is finished...

the dollar gaining ground means the pound going down..

i dont know about finished, but they are definitely getting ready to feel the pain...

:hi:hi:hi:hi

The weakening pound actually makes UK webmasters getting their income in US dollars better off. Not long ago 200 dollars was worth 100 pounds, now it's more like 140 pounds. That's a big increase. Of course the downsize is buying content or services in dollars is equally more expensive...

Our economy is beyond repair and is in worse shape than alot of other countries. Empires rise and fall people.

Where are the romans now?

Oh lovely. Dollars to Pounds and Pence and then Pounds, Shillings and Pence for me.

The dollar is going straight up this year against the Euro and Pound. Then some time in the not so distant future it will come crashing down to earth.

The UK is absolutely and completely FUCKED. They will need another IMF loan just like they did in '74.

One other possibility, though many of you will call me crazy, is the Euro does not last through this crisis. At the very least we will almost certainly see countries make moves to get OUT of the Euro.

:2 cents:

Yup, i've noticed a big difference. So it's not all bad i guess... :winkwink:

The USD is getting stronger against all currencies, while the GBP is getting weaker against the same. Your statement wouldn't hold true if both were getting stronger against all currencies.

Euro and dollar up :thumbsup

It's all about money dude! http://www.gfy.com/images/smilies/2twocents.gif

i still don't understand why the hell the USD is going strong with the financial crisis in the US. is it that bad also in other parts of the world??? Euro/USD is about to hit a 52-week low if the trends continue. are we going to see 1 for 1 ??

i actually think the USD should be tanking.

go buck go

USA economy better than it has ever been

The economy is in the shitter all over the world, yes.

read my first post.. i said usd to gbp...

and the dollar has taken a beating against the yen, so the dollar is not get stronger there..

not so bad for uk webmasters, but now i feel like a poor ass when i step outside of england. i like a strong dollar tho.

The US will bail them out. All we have to do is print more money!:winkwink:

Just have to pray not to have to enter the real job market here because it is going to get really messy.

*off to work harder*

Precisely :Oh crap

I'm not an investment banker or anything, but this is the way I understand it in very, very basic terms:

There are investors out there (lots of them) with so much money that they can't physically house their money if they were to try to pull out of investing. They can't stuff a billion dollars in a mattress, so to speak. These investors have their money in the market and it has to stay there.

With banks tanking and going out of business, these investors are so afraid of corporate investments that they'll put their money into US bonds with a promise of very little or no return, thereby effectively loaning America their investment money for free. They kind of see US Bonds as the equivalent of stuffing their billions in a mattress, so they're willing to do this just to keep what they have for now. People wanting to invest in these bonds makes the USD stronger. So the USD is actually stronger in a financial crisis where investment alternatives look like terrifying money pits.

For those of you with the cash. This is one HELL of a way to make some more...

Apparently a lot of the TARP money going to banks is being put in short term treasury bonds as well.

Also, something like 70% of the debt in the world is denominated in dollars. Liquidating the bad debt creates a demand for dollars which cause the dollar to continue to go up.

During a deflationary depression, which is where we seem to be going, cash is king and credit is a noose. :2 cents:

Its worse in the UK at the moment than the USA :Oh crap

Much :2 cents:

I'm loving the fact that i get more squid for the buck! BLAP BLAP

amen sarah :(

inching closer

I was shocked when I looked this morning. It was at 1.44 yesterday. Yes paying expenses in US Dollars is costing more, but overall income is up in pounds so its not bad at all.

Any of you people thinking your shits on fire when you get more £ from dollar earnings are fucked through the head. It would be okay if the dollar/pound were both strong but the dollar was strong against the pound like pre-2000

Now its just fucked up and its shit because the pound is weakening and buying less and guess what? It continues to fall.... POUND WILL HIT THE GROUND.

Im holding anything but pounds and I dont think i want to hold pounds again for a very very long time. Remember, you do NOT need to hold pounds in order to transact in the UK so why bother, why not hold an account denominated in a less risky currency?

we've gone through plenty of recessions in the past and came through them and this will be no different, granted this looks like it's going to be a very bumpy ride. the banks will stabilise eventually and start lending again and the housing market will recover. the last time property crashed interest rates were at about 15% and mortgages became unaffordable, this time they're just reluctant to lend but interest rates are at there lowest since records began. but there's still a need for housing.

as far as the pound being weak, this may be helpful for the short term, it makes our exports the cheapest in europe and that might help kickstart the ecconomy.

Question is, how long is the list of things we export? Is it a short list? I'll bet it is.

America's hype of death is all the media. We have been in far far worse situations from housing, war, money, eco, dollar value, markets, all of it. It isn't bad, that's why our dollar is strong.

We are at like 2% of bad, and still have 98% to go.. and prob 50% to go just to catch up to the next person. As all the other countries bail out, all money is devalued.. so really, the strong countries stand strong.. and one of those would be America.

Only in the last couple of years have we greatly brought in more than we took out. Like 100% increase in one year. But last I recall it was like 15 trillion in exports from this Country. But the overall increase, from what I remember came from Oil.

We make a ton of shit, we make shit and send it to china so they can put it together, add the made in china stamp to it, add lead paint, and ship it back. Most of the products coming out of China were made possible by American products first.

I agree Doc.

I think there's going to be a massive campaign by the administration to remind people to stop thinking so negatively about the economy. That's over half of our problem.

I wish we would have joined the euro, but sovreignty makes that pretty unconvincable. Still as a result of staying with the pound, we can now easily control fiscal and monetry policies. Dont be too surprised if the pound bounces back strong.

I think youre talking about America cos we're talking about the UK.

We dont make jack shit.

You right about the "better control" thing but cutting interest rates isnt going to help if the banks dont pass it on..... as regard the pound bouncing back strong, well thats not gonna happen for a long time to come.

If things deteriorate too badly, we may end up joining the euro anyway (if theyll have us).

Wrong.

http://rubanspangler.googlepages.com...full;init:.jpg

:1orglaugh

http://www.bloomberg.com/avp/avp.htm...dHVsFsuBE4.asf

Pound pressure reaches "nightmare level"

dollar will go up

Considering our revenue is entirely from the UK for BritishSexContacts we have actually seen an increase in revenue!
I guess this can be attributed to more people staying at home, but its all good for us !:thumbsup

Indeed, 1.36491...

euro ruless!! ;-)