GHG
Gold Member
Now. It's rock bottom.
The British Pound is now trading at its third lowest value to USD since 1791
- Thread starter WedgeX
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Now. It's rock bottom.
I really don't think they would let it slide beyond 1.30
Honey Bunny
Member
Yep, I expected to see fewer and fewer graphs as the day went on.
edit: The FTSE is actually now above where it was when Cameron first announced the referendum.
LegendofDragoonLives
Member
Google said 1BP = 1.78CA. Doesn't seem to be much cheaper than it used to be. Where is the 1.3 coming from? :S
Motor vehicles. Medication?
It's rebounded a bit from the rock bottom it hit during the height of paranoia.
Still it was 1BP = ~1.90CA at market end yesterday before all the craziness so it's still worth significantly less.
Sickboy007
Member
I hope they're securing the cake reserves.
Mattlikewhoa
Member
NOW!!! I'm doing the same, though keep in mind, our dollar dropped 1.5c since the market opened.
God damn lol
Camp Freddie
Member
It's hard to tell what'll happen next with currency/equities. We've seen a bit of a rebound but I've no idea if that'll stick.
The drops haven't been quite as bad as I expected (e.g. FTSE is back >6000).
Even so, we're already a lot worse off than we would be in the EU.
I guess we'll have to wait until October for that emergency budget. I wonder when the Tory leadership candidates will give us a clue about what happens next?
Feels like being on a ship in storm seas with a broken mast at the moment.
The drops haven't been quite as bad as I expected (e.g. FTSE is back >6000).
Even so, we're already a lot worse off than we would be in the EU.
I guess we'll have to wait until October for that emergency budget. I wonder when the Tory leadership candidates will give us a clue about what happens next?
Feels like being on a ship in storm seas with a broken mast at the moment.
Don't quite understand why CAD is slipping at the moment
I'm travelling to Ireland in a month, so was hoping my CAD would see a little boost
Lovely Salsa
Banned
11.65 sek for 1 gbp now
It was at 10.8 a few years ago
It was at 10.8 a few years ago
Our dollar is still significantly up vs the GBP over the last 24 hours, but it's the initial shock that caused it and the Pound has rebounded a bit. It will be interesting to see what happens in the coming days.
CapitalismSucks DonkeyBalls
Banned
Bank told me exchange rate was 1.45
Trading at 1.36 right now. What the discrepancy?
Trading at 1.36 right now. What the discrepancy?
perfectchaos007
Member
Because the banks make a profit off exchanges
CapitalismSucks DonkeyBalls
Banned
How do I go about maximizing the lower exchange rate then?
NYCmetsfan
Banned
exchange a lot and be a bank
It's only down 3% in GBP terms. Most of the world's investors look at the FTSE in $, not £ - so considering the large drop in Sterling, it's way further down than that.
perfectchaos007
Member
The best thing to do is use a debit card when you buy goods in another country. Most debit/credit companies do an exact exchange rate at the time of purchase.
OMG just savage
Ah Ah AH .... I can't lmao !!
Wow its been a while since I've seen the dollar higher by this large a margin than both the pound and Euro. It won't last but still something to see. Wonder where the exchange rate will settle in a few months. Its been hovering around the same rate for a while now.
djplaeskool
Member
10 bottles or something? Buckfast isn't that cheap even though it tastes like shit.
Not much of a difference.
Intheflorsh
Banned
n0razi
Member
Hell yeah! Maybe I can finally vacation over there
Gentleman Jack
Member
why you gotta do em like that
It depends on where you're going and what you're doing, but I reckon you'll still need a whole lot more than that to enjoy yourself.
£280 could probably stretch to three - maybe four - decent meals out...two if you're in London.
The GBP is taking a beating with the more dire Brexit possibilities.
History of GBP/USD since 1791. Only in 1984 and 1985 was it lower for the year.
Update:
Now at its second lowest, above only 1985.
The pound will recover. Now's a good time to buy!
Principate
Saint Titanfall
Democracy is working exactly like intended, espcially i the case of direct democracy. It gives you the results and leadership you deserve but not neccesrily the one that'll lead to the prosperity of the country/system
butzopower
proud of his butz
Pretty seriously thinking about moving to London in October (have a UK work visa application in process), if I were to buy say $5k in pounds, what's the best way? Cash? Not sure how okay it'd be bringing £3k+ through customs.
Kind of a bummer I already negotiated my wage, since it seems like my international buying power has just significantly dropped.
Kind of a bummer I already negotiated my wage, since it seems like my international buying power has just significantly dropped.
Some prepaid cards offer good rates. I'm travelling Europe at the moment and using a Revolut card, their exchange rate is pretty much in line with the official rate.
Glad I changed the rest of my sterling savings into euros yesterday; had a bad feeling.
I know someone who is really considering doing this.
Better make the best of the hilariously scary strong Yen
Huh, if Brexit happens it may be time to take a vacation to sightsee in the UK
I have difficulty telling if people who make this sort of comments in these threads are joking are just terrible people.
It appears that the GBP has stabilized over the course of the day, but remains at the third lowest value relative to the USD.
This is so good.
This is so good.
TheBryanJZX90
Member
I feel partially responsible for brexit happening. Every single time my wife and I convert a significant amount of yen into USD something happens to cause the yen to shoot up in value immediately afterwards. We transferred a bunch a week ago.
Seth Enosh
Member
Why is it terrible? Seems like basic economics to me. When something gets cheaper, you're more likely to spend money on it.
Considering the money would all be going to UK based businesses, going on a vacation there when you wouldn't have otherwise is the opposite of terrible - it helps them.
Edit: just to add, I was totally serious since I'd like to go to London again, I haven't been there in a long time.
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