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British Pound: How do you do?

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posted on Jul, 7 2009 @ 12:42 AM
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Greetings,

This recession is killing me.

I am wondering if any Brits, could tell me how they see they Pound doing in the next couple of years.

Is there a possibility that they will switch to Euros?

Is there any hope of it bouncing back to the powerful currency that it once used to be?

When I first started working for my company.... 3 + yrs ago...

1 GBP was equal to 2.30 CDN..

now.. 1 GBP is around 1.85 CDN.

That's a hefty paycut.

It was even lower at one point but as you can see... thats quite a decrease vs. the CDN dollar.

If the pound keeps on losing its value, I'll be looking for another job, and will have to work 7 days a week to make ends meet.

How bad is this going to get?

Will we ever see 1 GBP = 1.50 Euros any time soon?




posted on Jul, 7 2009 @ 12:59 AM
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Where America goes, we are doomed to follow...

My thoughts on the whole thing are somewhat more doom and gloom to be frank, give it a couple more years I don't think money will be an issue.



posted on Jul, 7 2009 @ 03:07 AM
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Doom and gloom you say...

DO you mean D&G to the extent that Zimbabwe faced with their crazy inflation?

I feel quite helpless at the moment. So many of us are very vulnerable to this currency failing.



posted on Jul, 7 2009 @ 03:35 AM
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well, we have to keep in mind that the UK is the main "hub" for EU finances. Actually, in ONE SINGLE DAY , London we see more transactions in Euro that the rest of the Europe together! My opinion is that UK is playing at two tables. I do not see Euro adopted in the UK due the strong banking cartel oposition (that would loose control somehow on money supply) , but I see maybe 1 euro=1 £ then starting to recover after 2012..

[edit on 7-7-2009 by Romanian]



posted on Jul, 7 2009 @ 10:46 AM
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Thank you for your insight Romanian.

Parity with the euro for the next two years, doesn't sound like a party.

With the Olympics being in London 2012... surely it will climb back up by then!




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