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British Pound set to drop like a stone

 
Anonymous Coward
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United Kingdom
02/22/2013 04:06 AM
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British Pound set to drop like a stone
According to the BBC yesterday the pound is set to drop like a stone in the comming months under the advice of the 'Bank of England' stein has printed too much money. NWO are advising all other countries to follow suit and de-value their currency too starting with Japan.
It's looking grim out there!

Pound continues to weaken against dollar and euro
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 its 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."
Anonymous Coward
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France
02/22/2013 04:25 AM
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Re: British Pound set to drop like a stone
So you are going to do a Venezuela?
Anonymous Coward (OP)
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United Kingdom
02/22/2013 04:28 AM
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Re: British Pound set to drop like a stone
like to do anything to get out of this piss hole!
Anonymous Coward
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France
02/22/2013 04:28 AM
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Re: British Pound set to drop like a stone
like to do anything to get out of this piss hole!
 Quoting: Anonymous Coward 34628575


Is it really that bad?
Anonymous Coward
User ID: 34869232
New Zealand
02/22/2013 04:40 AM
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Re: British Pound set to drop like a stone
like to do anything to get out of this piss hole!
 Quoting: Anonymous Coward 34628575


Is it really that bad?
 Quoting: Anonymous Coward 34817368


Yes. I already left...
Anonymous Coward (OP)
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United Kingdom
02/22/2013 04:50 AM
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Re: British Pound set to drop like a stone
Good for you, there is nothing to come back for.
Anonymous Coward
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France
02/22/2013 04:55 AM
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Re: British Pound set to drop like a stone
Good for you, there is nothing to come back for.
 Quoting: Anonymous Coward 34628575

left in 1980 and would never return!!
Anonymous Coward
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United Kingdom
02/22/2013 05:02 AM
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Re: British Pound set to drop like a stone
like to do anything to get out of this piss hole!
 Quoting: Anonymous Coward 34628575


Is it really that bad?
 Quoting: Anonymous Coward 34817368


yup, quite why so many French come to London I don't know, surely it must be better there ?
Anonymous Coward
User ID: 34807315
United Kingdom
02/22/2013 05:03 AM
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Re: British Pound set to drop like a stone
It's a world wide recession,where are you going to go?
Anonymous Coward
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France
02/22/2013 05:03 AM
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Re: British Pound set to drop like a stone
like to do anything to get out of this piss hole!
 Quoting: Anonymous Coward 34628575


Is it really that bad?
 Quoting: Anonymous Coward 34817368


yup, quite why so many French come to London I don't know, surely it must be better there ?
 Quoting: Anonymous Coward 1575912

Well, it is swings and roundabouts isn't it. But for me, the grass is greener here to be sure.
Anonymous Coward
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New Zealand
02/22/2013 05:17 AM
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Re: British Pound set to drop like a stone
It's a world wide recession,where are you going to go?
 Quoting: Anonymous Coward 34807315


New Zealand :)
Anonymous Coward (OP)
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United Kingdom
02/22/2013 05:25 AM
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Re: British Pound set to drop like a stone
Love to live near the south coast of France but my other half
is not having it, i am half Italian but Italy is too expensive and on it's way down even further so France is the next best thing for me.
Anonymous Coward
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France
02/22/2013 05:30 AM
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Re: British Pound set to drop like a stone
Love to live near the south coast of France but my other half
is not having it, i am half Italian but Italy is too expensive and on it's way down even further so France is the next best thing for me.
 Quoting: Anonymous Coward 34628575



Do it. And don't be put off by all the Brits moving away from here. We get this diaspora of people who come and go in waves. I've seen it happen about once every five years.
Depends if you want to be in the hot south of the country or the colder north.
Anonymous Coward
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Greece
02/22/2013 05:32 AM
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Re: British Pound set to drop like a stone
like to do anything to get out of this piss hole!
 Quoting: Anonymous Coward 34628575


It's not that difficult. Choosing where's better is the problem at the minute.

Pick your criteria, do your homework and gtfo. Remember, you can travel and work anywhere in Europe, although that's not a great incentive, lol.

Good luck
Anonymous Coward
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United Kingdom
02/22/2013 05:33 AM
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Re: British Pound set to drop like a stone
like to do anything to get out of this piss hole!
 Quoting: Anonymous Coward 34628575


If I had the money to move out I would be on the first plain out of here
Anonymous Coward
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Greece
02/22/2013 05:34 AM
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Re: British Pound set to drop like a stone
Love to live near the south coast of France but my other half
is not having it, i am half Italian but Italy is too expensive and on it's way down even further so France is the next best thing for me.
 Quoting: Anonymous Coward 34628575



Do it. And don't be put off by all the Brits moving away from here. We get this diaspora of people who come and go in waves. I've seen it happen about once every five years.
Depends if you want to be in the hot south of the country or the colder north.
 Quoting: Anonymous Coward 34817368


^^This^^

Same here. Folk come, folk go. If you've got the staying power you can make a good life in Southern Europe and the weather is better! Beer's cheaper too. lol
Anonymous Coward
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Greece
02/22/2013 05:39 AM
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Re: British Pound set to drop like a stone
like to do anything to get out of this piss hole!
 Quoting: Anonymous Coward 34628575


If I had the money to move out I would be on the first plain out of here
 Quoting: Anonymous Coward 34905845


There's often seasonal work in these countries. How old are you? Got a family or free to up and go? Plenty of young Brits work here April- Sept and lots stay a-y-r. Google the chatrooms, usually the workers keep in touch in the winter and they are a good source of info.

Money's not great, but accom and food are cheap.

If you don't like it, enjoy your hol and go back. Simples
Anonymous Coward
User ID: 34817368
France
02/22/2013 05:39 AM
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Re: British Pound set to drop like a stone
Love to live near the south coast of France but my other half
is not having it, i am half Italian but Italy is too expensive and on it's way down even further so France is the next best thing for me.
 Quoting: Anonymous Coward 34628575



Do it. And don't be put off by all the Brits moving away from here. We get this diaspora of people who come and go in waves. I've seen it happen about once every five years.
Depends if you want to be in the hot south of the country or the colder north.
 Quoting: Anonymous Coward 34817368


^^This^^

Same here. Folk come, folk go. If you've got the staying power you can make a good life in Southern Europe and the weather is better! Beer's cheaper too. lol
 Quoting: Anonymous Coward 34936544

Very much agree with this post. One thing you've got to do is learn to be able to turn your hand to anything, adjust and throw any unnecessary mental baggage out and look at life as a journey to be enjoyed and not a goal to be reached.
Anonymous Coward
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Australia
02/22/2013 05:41 AM
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Re: British Pound set to drop like a stone
Gold will go through the roof
Anonymous Coward
User ID: 34936544
Greece
02/22/2013 05:44 AM
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Re: British Pound set to drop like a stone
Very much agree with this post. One thing you've got to do is learn to be able to turn your hand to anything, adjust and throw any unnecessary mental baggage out and look at life as a journey to be enjoyed and not a goal to be reached.

Very true. You might not be able to follow your previous career here, esp if you were a taxidermist, lol, but if you are versatile and willing to get your hands dirty, you can do just fine. Hours are another thing too. Many in the tourist trade here work 7 days a week, often 12 hours or more. Sleep on the beach whilst working on the tan.
Anonymous Coward
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United Kingdom
02/22/2013 05:46 AM
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Re: British Pound set to drop like a stone
like to do anything to get out of this piss hole!
 Quoting: Anonymous Coward 34628575


If I had the money to move out I would be on the first plain out of here
 Quoting: Anonymous Coward 34905845


There's often seasonal work in these countries. How old are you? Got a family or free to up and go? Plenty of young Brits work here April- Sept and lots stay a-y-r. Google the chatrooms, usually the workers keep in touch in the winter and they are a good source of info.

Money's not great, but accom and food are cheap.

If you don't like it, enjoy your hol and go back. Simples
 Quoting: Anonymous Coward 34936544


Sounds good am 40 now so might be to old for that kind of work :) but would love to live in the sun wouldn't be to bad being poor if I had the sun on my back lol
Anonymous Coward
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Greece
02/22/2013 05:48 AM
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Re: British Pound set to drop like a stone
Good for you, there is nothing to come back for.
 Quoting: Anonymous Coward 34628575

left in 1980 and would never return!!
 Quoting: Anonymous Coward 34817368


Same here. I wonder why I waste the money renewing my passport.

I've got a pet theory as to why UK politicians tend to be so xenophobic. If people really knew how much better life can be out of their reach, everyone would leave. Well, all the actual Brits anyway, lol
Anonymous Coward
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France
02/22/2013 05:54 AM
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Re: British Pound set to drop like a stone
Good for you, there is nothing to come back for.
 Quoting: Anonymous Coward 34628575

left in 1980 and would never return!!
 Quoting: Anonymous Coward 34817368


Same here. I wonder why I waste the money renewing my passport.

I've got a pet theory as to why UK politicians tend to be so xenophobic. If people really knew how much better life can be out of their reach, everyone would leave. Well, all the actual Brits anyway, lol
 Quoting: Anonymous Coward 34936544


Absolutely spot on. Left there back in 1980 with a grand in my pocket and have never looked back. Work harder now than ever before and nearing 60. Life is truly what you make it and not what you let others make it for you.
Anonymous Coward
User ID: 34936544
Greece
02/22/2013 05:54 AM
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Re: British Pound set to drop like a stone
like to do anything to get out of this piss hole!
 Quoting: Anonymous Coward 34628575


If I had the money to move out I would be on the first plain out of here
 Quoting: Anonymous Coward 34905845


There's often seasonal work in these countries. How old are you? Got a family or free to up and go? Plenty of young Brits work here April- Sept and lots stay a-y-r. Google the chatrooms, usually the workers keep in touch in the winter and they are a good source of info.

Money's not great, but accom and food are cheap.

If you don't like it, enjoy your hol and go back. Simples
 Quoting: Anonymous Coward 34936544


Sounds good am 40 now so might be to old for that kind of work :) but would love to live in the sun wouldn't be to bad being poor if I had the sun on my back lol
 Quoting: Anonymous Coward 34905845


Well, there are plenty of us who won't see 21 again (dim and distant memory in my case, lol), but even here in the arse-end of nowhere there are loads of expats from all over northern Europe and many of them work. Shops, building, you name it.

Thing is, you can live relatively cheaply here. Friend of mine is on 3,500 a year(!) and does fine.

Bottom line, I suppose, is that we only get one bite at life. Better to try, even if we fuck-up royally than never to try and regret it.
Anonymous Coward (OP)
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United Kingdom
02/22/2013 05:56 AM
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Re: British Pound set to drop like a stone
Yeh, we are in our fifties but very forward thinking and fit, pro musicians, the positive words are encouraging. I'm on that plane already!
Anonymous Coward
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France
02/22/2013 05:58 AM
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Re: British Pound set to drop like a stone
...


If I had the money to move out I would be on the first plain out of here
 Quoting: Anonymous Coward 34905845


There's often seasonal work in these countries. How old are you? Got a family or free to up and go? Plenty of young Brits work here April- Sept and lots stay a-y-r. Google the chatrooms, usually the workers keep in touch in the winter and they are a good source of info.

Money's not great, but accom and food are cheap.

If you don't like it, enjoy your hol and go back. Simples
 Quoting: Anonymous Coward 34936544


Sounds good am 40 now so might be to old for that kind of work :) but would love to live in the sun wouldn't be to bad being poor if I had the sun on my back lol
 Quoting: Anonymous Coward 34905845


Well, there are plenty of us who won't see 21 again (dim and distant memory in my case, lol), but even here in the arse-end of nowhere there are loads of expats from all over northern Europe and many of them work. Shops, building, you name it.

Thing is, you can live relatively cheaply here. Friend of mine is on 3,500 a year(!) and does fine.

Bottom line, I suppose, is that we only get one bite at life. Better to try, even if we fuck-up royally than never to try and regret it.
 Quoting: Anonymous Coward 34936544


We sound like twins.
Anonymous Coward
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Greece
02/22/2013 05:58 AM
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Re: British Pound set to drop like a stone
Well said - and hearty congratulations, btw.

My only regret is not doing it a very long time ago.

One guy here, Scandinavian as it happens, although I don't hold that against him, came out at age 19. Liked it, stayed. He's 60 this year too and boy has he had a ball.

As you say though we all work a damn sight harder than before, but it's a pleasure to do it here and you actually get something back from it. It doesn't hurt that most of it doesn't go the exchequer either..
Anonymous Coward
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Greece
02/22/2013 06:01 AM
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Re: British Pound set to drop like a stone
[q

We sound like twins.




We do, lol.

It's just that I prefer ouzo to brandy maybe?
Anonymous Coward
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Greece
02/22/2013 06:10 AM
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Re: British Pound set to drop like a stone
Yeh, we are in our fifties but very forward thinking and fit, pro musicians, the positive words are encouraging. I'm on that plane already!
 Quoting: Anonymous Coward 34628575


I know naff-all about the music business, so can only comment generally, but here, all we have really is tourism and we get quite a few traveling music/talent act folk coming through on the circuit.

Hectic life, I'd imagine but they're here year after year.

One expat who lives here, Frank Sinatra sound-alike, has just taken up a year's contract in Austria. Pack your instruments!!
Anonymous Coward
User ID: 34936544
Greece
02/22/2013 06:10 AM
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Re: British Pound set to drop like a stone
Yeh, we are in our fifties but very forward thinking and fit, pro musicians, the positive words are encouraging. I'm on that plane already!
 Quoting: Anonymous Coward 34628575


I know naff-all about the music business, so can only comment generally, but here, all we have really is tourism and we get quite a few traveling music/talent act folk coming through on the circuit.

Hectic life, I'd imagine but they're here year after year.

One expat who lives here, Frank Sinatra sound-alike, has just taken up a year's contract in Austria. Pack your instruments!!
Anonymous Coward
User ID: 34817368
France
02/22/2013 06:11 AM
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Re: British Pound set to drop like a stone
[q

We sound like twins.

 Quoting: Anonymous Coward 34936544



We do, lol.

It's just that I prefer ouzo to brandy maybe?

Good on ya.

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