See the mighty pound is on the slide

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
01/12/2008 22:52

1.00 GBP = 2.3720 TRY

stellasstar1



Joined: 02/07/2008
Posts: 1519

Message Posted:
02/12/2008 08:48

2.34 this morning

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
02/12/2008 10:13

and to the euro at 1.08 yesterday!

Menace


Joined: 22/11/2008
Posts: 93

Message Posted:
02/12/2008 10:39

We have lived in Crete for the past 6 years and live on money from the UK.Pound/Euro exchange rate has been killing us for a while but has now got so bad that we are leaving here to pastures new.

kavenkoy


Joined: 10/04/2008
Posts: 1787

Message Posted:
02/12/2008 12:14

reports in this mornings paper suggest mr darling is secretly trying to get us to join the euro and do away with the pound



kav

Perry


Joined: 27/01/2007
Posts: 413

Message Posted:
02/12/2008 12:34

UK interest rates will probably be cut to 2% this week, possibly down to 1% early next year. Until it bottoms out, the FX rate will kill us.

The economy is in massive trouble. Of course the world economy is badly struggling - but these idiots (Brown, Blair, Darling) have squandered the growth years and built an unaffordable and unsustainable public sector based on debt, when they should have kept the books balanced - or even surplus.

Don't Labour do this to us EVERY time they are in power ??

Leaving aside the collapse of the unregulated banking system, the UK is basically bankrupt - and this is before the job losses relly start to hit en masse - it going to take a long long time to find £1 Trillion and get us out of this mess.

breezyboy


Joined: 14/05/2007
Posts: 1179

Message Posted:
02/12/2008 17:13

Pick a figure you are happy with. Mine is 2.35 which is what it is now, what it was in January 08 and what it was in Feb o6 when I started noting it down. In between it goes up and down, some days you are happy some days you may be sad but you have an average day when its just OK. Meanwhile put some money into YTL at your happy rate and dont worry about less than average days, life is too short.

Lemtich



Joined: 15/02/2007
Posts: 1487

Message Posted:
02/12/2008 17:17

Lend us a fiver! Second home in North Cyprus to support.



Can you get a Social Fund Loan for flights?



Lem

Aussie


Joined: 17/06/2007
Posts: 657

Message Posted:
02/12/2008 23:02

If you look up the site http://www.oanda.com you can get historic currency rates for any currency for up to 2000 days.



Since the beginning of 2004 the GBP/TRY rate has ranged as follows



Average (1798 days): 2.56447

High: 3.12330

Low: 2.13320



Aussie

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
03/12/2008 00:24

Perry

"Leaving aside the collapse of the unregulated banking system, the UK is basically bankrupt - and this is before the job losses relly start to hit en masse - it going to take a long long time to find £1 Trillion and get us out of this mess."



I predict a minimum of 5 years before things bottom out in the UK.

In two to three years time the UK will be a good place to invest in property, prices still falling but in 2-3 years time it should be a lot easier to borrow money providing you have substantial capital. I will keep most of my money in Turkish Lira at the moment but I am ready to shift when and if I see the signs.

AJ

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
03/12/2008 00:25

Aussie,



I had worked out that if I'd converted all my YTL into £'s when it was only 2.13 and sold for YTL when it was 3.12 I would have more than doubled my investment... and have the princely sum of 28 YTL!



I don't get pocket money any more... ;¬(

Turtle


Joined: 28/05/2007
Posts: 2669

Message Posted:
03/12/2008 00:32

The Euro is coming, this is just the situation this inept govenment wants so the can move to the euro without too much objection.



It will be in our pockets before you know it.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
03/12/2008 00:35

And out again even quicker?

reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
03/12/2008 14:50

when looking to change lira back to GP, what website should i be looking at for the most uptodate rate?

stellasstar1



Joined: 02/07/2008
Posts: 1519

Message Posted:
03/12/2008 15:00

The problem is that exchange rates change all the time in this climate, so internet banking is the best bet, so you can change it quickly. It's all very well looking at the website's, but it's the banks or exchange shops where you will do it, so that's where you want to be looking for the best rate, and having your internet banking with. I find HSBC is always good, Turk Bank is not, and now I'm sure lots of other people will give their opinions on other banks.

reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
03/12/2008 16:21

thanks stella,



do you have a link for hsbc, where i can get the latest exchange rates?



i cant seem to find it on there site.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
03/12/2008 16:34

Unfortunately, with the HSBC you need to have an online account to access their exchange rates but I would agree with SS, they seem to have the best online exchange rates. Don't forget though that you also pay 1% commission on all transactions.

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
03/12/2008 16:37

At the moment they are offering 2,3243000 YTL to the pound if you are buying lira and 2,3391000 YTL if you are buying sterling.

reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
03/12/2008 23:55

Cheers for the advice



im gonna have a read of that Forex site just to brush up on my knowledge



I have some YTL that im waiting to change up, and with tomorrows rate cut, which might be as much as a full 1%, i have a hunch the pound will be weaker against the Lira. (and most other currencies)





the only problem is what to do the Sterling while i wait for the GBP/Lira rate to go back up?...



im sure gonna miss the 20% interest i was earning! But this is more exciting! lol

reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
03/12/2008 23:56

sorry, wrong thread!

Lilli



Joined: 21/07/2008
Posts: 13081

Message Posted:
04/12/2008 00:54

hi lem if only desperate to go back to see my kids and grandkids but all we do is put the money back into the buisness, our trouble is we have to buy in euros because of the products we buy being all italian, if i could only arrange a fund raiser to get me back and invite all those who knock me perhaps, had customers in 2nite who claim its a done deal uk will have the euro i think thet are waiting until its 1 for 1 soon i guess u ok xx

sunshinedays


Joined: 16/06/2008
Posts: 13

Message Posted:
04/12/2008 07:01

Not far to go this morning



1.00 EUR = 0.860556 GBP

teatime


Joined: 20/10/2008
Posts: 852

Message Posted:
04/12/2008 08:11

Don't know what your all worried about. The economy is going to be fine by this time next year.

Mr Brown said so!!!!!!!!

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
04/12/2008 09:36

Then you should be very afraid...

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
04/12/2008 11:03

looks like the uk interest rates are going down again as well.

reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
04/12/2008 11:07

looking at a 1% cut this lunchtime.



will probably weakend the pound further.



for some real doom and gloom try reading



http://www.housepricecrash.co.uk



they post all the latest news regarding houseprice falls and the economy...just dont stay there too long...or you'll be feeling very depressed!



Repro

fire starter


Joined: 19/06/2008
Posts: 3401

Message Posted:
05/12/2008 10:38

repro

that is a great website, we have been using it for a while.



p.s. it doesn't depress me, i'm buying,lol.

reproman


Joined: 05/06/2008
Posts: 252

Message Posted:
05/12/2008 11:34

im buying too....well i was, lol, back in 2007, until i came across that site, and so glad i held out... saved me a lot of heartache!



its a real eye opener



i dont read into the forums as much as i do here, a few too many wackos and conspiracy theories for my liking, but its a great place to get find links to all the latest news stories regarding the economy.



Repro