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Discussion in 'Money Matters' started by OTT, Dec 4, 2017.
I took this one at Lingayen... just next to the beach. We have relatives there also.
You can tell it's one of my pics... cos I've got half of my blinkin hand covering it.
I wasn't going to say anything
Lingayen to Cornwall
... 75 by the summer... what year?
I daren't look.
It got close in April, I got close to 74 on arrival at NAIA from the money changers at arrivals.
Personally I would not be surprised to see 59 again by Christmas and even less by March 2019.
59 wasn't fun a couple of years ago.
Yes I am full of doom and gloom.
You are in the wrong game IMO.. Invest in Forex trading..This time in two years you will be a multi millionaire.
There are certain subjects where I like being wrong, this is one of them, if it gets that bad at least I won't be shocked.
FX is a mugs game for individuals, the people and organisations that use it for speculation are normally at a scale where they are using it as one of the tools to hedge.
GBP is 67.90 dropping fast. Someone is buying US Dollars and Euros, though the US $ is much stronger.
I head over to Istanbul in a week's time.
The Turkish lira is now 8.21 TRY to the GBP, one week ago it was 6.8.
Probably because of, Trump's new sanctions on Turkey. Looks like the TRY has flat-lined in the last 12 hours!
So if lets say you had a **** load of foreign currency,would now be a good time to buy Sterling or wait till next March?
Nobody here is going to give you advice on decisions like that, caveat emptor!
However the general principle would be if you think GBP is undervalued compared the currency you hold then buy GBP, if you think it is overvalued compared the currency you hold then sell whatever GBP holdings you have or if you have none keep your foreign currency.
No ordinary person should be dealing in FX unless they need the currency they are buying, speculation is no different than walking into a casino and putting all your savings on red.
I need peso if I had been in the position to buy a lot of peso 4 months ago I probably would have done so because I thought we had reached the top of the market.
The reality is that anyone relying on GBP to finance their retirement abroad basically just has to go with the flow, attempting to second guess where the market will go will just lose you money.
There are plenty of alternative investments that are far far safer than gambling with foreign exchange rates.
Yes I agree with that but I was just curious how members think a hard Brexit will effect the Pound on or before March 29.
Ask that question in the politics sub-forum.
I alluded to that question, I should not have done that.
If I had the freedom to be crude Boots, I would be, very crude, but the reality is I don't have that freedom, and you are not welcome.
Well played Sir!!
I deliver you an awkward, greasy spinner and you defend your wicket admirably!..clap clap clap.
Get the quote right.
So just to clarify your new rules in this exchange rate thread.
Should we simply just post the daily rate with a sad BOOO or happy HOORAY?
Is it not allowed for us to speculate on a buying/selling strategy based on a future significant event?
Should we just wait for your expert tips and money saving tricks?