ROCKETING STERLING.

HI ALL

STERLING  STOOD AT 1.287 AGAINST EURO AT 12 NOON TODAY. WE MIGHT SEE IT GOING

OVER THE 1.3 MARK SOON, WITH A BIT OF LUCK.  SOMETHING NOT SEEN FOR YEARS

THANK GOD THINGS ARE LOOKING UP FOR US..

RGDS

Its all swings and roundabouts ..

The euro against sterling is good for  the ones who have a property in spain  and is paying their mortgage in sterling ,

but the ones who are trying to sell their homes in spain and bring their money back to the uk ...not so good  !

Not too sure what it means for the prop sales in spain ..

I used my  Halifax Clarity Credit Card at the Cam ATM this morning to draw out Euros I got an exchange of 1.2756.

I went on line and transfered the ammount to pay my CC bill before I get it with any added interest

I find this always the best way.

I have had my property 9 1/2 years

No morgage and not selling.

My IBI bill went up €28 this year.

Still nothing like my council tax of £1500 in uk

HI JOHNZX

U ARE RIGHT STERLING IS HAS BEEN THE BLACK SHEEP OF MANY MAJOUR

CURRENCIES FOR WHILE NOW AND THIS UPLIFT AGAINST THE EURO MAY

ONLY BE SHORT LIVED, BUT I HOPE NOT.

AGAINST THE JAPANESE YEN ITS VALUE HAS LITTERALY HALVED, OTHERS

BADLY AFFECTED ARE, THE AUSSIE ,THE NEW ZEALAND AND CANADIAN $

AGAINST FAR EASTERN CURRENCIES SUCH AS THE THAI BAHT AND A FEW

OTHERS STERLING HAS LOST NEARLY A THIRD OF ITS VALUE, THUS MAKING

THEM NO LONGER CHEAP DESTINATIONS FROM THEIR HIGHT OF 2006.THE

ONLY DESTINATION WHERE U GET NOW MORE FOR YOUR READIES IS THE

TURKISH LIRA. AND EGYPT,BUT I WONT BE GOING THERE ANYTIME SOON

FOR OBVIOUS REASONS.

AH, AND I FORGET NEARER TO US STERLING IS REALY LOW AGAINSTHE

SWISS FRANC ,JUST OVER ADECADE AGO IT WAS NEARLY 3 FRANCS TO

1£ NOW ONLY 1.5FRANC TO 1£

RGDS

 South Korean Won and Chilean Pesos is where the smart money is going,Purchasing these currencies should be a good thing this year. 

When I lived in Zambia in 1970 there were 2 Kwacha to the pound.  Now there ara about 7500.  And just look at Zimbabwe - when I visited there in 1998 the public phone boxes wouldn't accept coins because you couldn't get them in fast enough to pay for time on the call !!

 the euro at 4.30pm was almost down to £1.28.http://www.xe.com/ucc/  

I was lucky, today I at noon I got  almost £1.27 with no charges or postage.

In Thailand nine years ago the £ bought 84 bhat, yesterday it was 48.5, keeps struggling to 50 then drops back.