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 $$$ vrs. British Pound & Euro

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The Terminator
Master of Master Baiters


Joined: 04 May 2006
Posts: 631
Location: Lurking In Shadows


PostPosted: Mon Jul 02, 2007 7:25 pm Reply with quoteBack to top

The U.S. Dollar Drops to 26-Year Low Vs. Pound .... Crying or Very sad

Monday July 2, 2:27 PM EDT

NEW YORK (AP) The dollar fell to a 26-year low against the British
pound Monday ahead of an expected rate hike by the Bank of England
later this week.

The pound rose to $2.0169 its highest level versus the dollar since
June 1981 in New York trading before retreating to $2.0160. The
dollar also dropped to within a cent of its all-time low versus the euro,
as rising global interest rates made the currency less attractive to
investors.

The 13-nation euro rose to $1.3637, compared to an all-time high of
$1.3682 on April 27, before dipping back to $1.3629.

The Bank of England and European Central Bank meet separately
Thursday to discuss interest rates. The BOE is expected to raise its key
rate a quarter-point from 5.5 percent, while the ECB is expected tighten
monetary policy later this year.

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Last edited by The Terminator on Mon Jul 02, 2007 11:50 pm; edited 1 time in total
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Eight
Retired Moderator


Joined: 11 Sep 2004
Posts: 8711
Location: UK


PostPosted: Mon Jul 02, 2007 7:38 pm Reply with quoteBack to top

I bought dollars earlier this year when the rate was just shy of $2:1 and I really did not expect them to go higher. The 2.0169 rate is not what you can buy currency for on the high street, but if it climbs a bit more, you might be able to. Smile

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remmy223
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Joined: 12 Jun 2006
Posts: 1734
Location: butt f*** middle of nowhwere


PostPosted: Mon Jul 02, 2007 7:39 pm Reply with quoteBack to top

sounds like big trouble for someone then when dubya tries to do his sums Shocked

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The Terminator
Master of Master Baiters


Joined: 04 May 2006
Posts: 631
Location: Lurking In Shadows


PostPosted: Mon Jul 02, 2007 8:01 pm Reply with quoteBack to top

We should start telling the lads that we only accept notes .... Laughing

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Why do you waste mi time, I have all the time in the world .... Barrister Mohammad

I want to assure you that this transaction is legal, I have contacted my attorney and also
my boss Mr Mikhail Khodorkovsky who has recently been imprisoned .... Mr. Igor Ivanov

x4 - Number of lads presenting me forged police documents

I want a rose .... Sad
Don't be sad, here's a rose for you-lotta .... Pretty Rose
Thank You Lotta - I Shall Cherish It Forever .... Smile
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The Man
Baiting Guru


Joined: 11 Apr 2007
Posts: 2885
Location: La La Land


PostPosted: Mon Jul 02, 2007 8:05 pm Reply with quoteBack to top

remmy223 wrote:
sounds like big trouble for someone then when dubya tries to do his sums Shocked


Why with politics?

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Tommo Shanter
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PostPosted: Mon Jul 02, 2007 8:57 pm Reply with quoteBack to top

The Terminator wrote:
The U.S. Dollar Drops to 26-Year Low Vs. Pound .... Crying or Very sad


What goes around comes around. In the grand scale of things it balances itself out.

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The Man
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PostPosted: Mon Jul 02, 2007 9:06 pm Reply with quoteBack to top

Yes, remember there was a time that those of us that use the Dollar were just a rebellion.... so it will come around again that the dollar will over take the Pound and Euro and then fall again.

So right now those of us in the US just enjoy the influx of rich european tourists, and gladly take their money when they buy things in US businesses.

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The Man

YOU ARE A CHILD OF SATAN WITH YOUR HUNGRY DIRTY BODY ,TUNDER FIRE YOU BIG HEAD IDIOT !!! HA HA HA HA HA

IS THIS HOW YOU DECIDED TO TREAT US AFTER ALL WE WENT THROUGH?YOU MADE US TRAVELLED TO ABUJA AND INDEBTED US.

"Cursed is your mother that gave birth to a family-disgrace like you. Cursed is your father he could not control his lust for anything under skate"

"hey u crakhead motherf*cking nitwit, from the way u express the cockamamy sh*t that ur dumb brain is made up of it's so obvious that u never really made it past elementary school but anywayz dogs don't have to go to school afterall."

Pith Helmet (Lagos to Abuja)
Netherlands China Canada x2 United Kingdom Spain Ivory Coast Germany

Hello Kitty! <---in lieu of a brownie. TS
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Mr Fishe
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Joined: 22 Nov 2003
Posts: 2242
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PostPosted: Mon Jul 02, 2007 9:37 pm Reply with quoteBack to top

Remmy this isnt the first time you have been reminded to keep politics off the board. Please make it the last.

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D11
Elite Baiter


Joined: 02 Jul 2006
Posts: 1702


PostPosted: Tue Jul 03, 2007 9:01 am Reply with quoteBack to top

Now would be a good time to purchase american goods, they would "appear" cheaper - wouldnt buy them with visa however they use some strange method to work out the conversion, which certainly does not match the current values.

To make a decent profit on the difference you would need a LOT of money in Pounds and convert it into Dollars.

simply contact your local gambling center aka - financial advisor.

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Red
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Joined: 25 May 2007
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PostPosted: Tue Jul 03, 2007 9:23 am Reply with quoteBack to top

They reckon the aussie $ will be trading at over 90c by the end of the year.

Wow... aussies will actually be able to go to the US and buy stuff!
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windypops
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Joined: 25 Jan 2005
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PostPosted: Tue Jul 03, 2007 9:26 am Reply with quoteBack to top

If I sold my house, then converted the proceeds into dollars, I'd be a millionaire! Shocked Very Happy

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