Why is the pound in a state of collapse ?

[yllig]

I echo those hopes entirely.

I think what you say makes a lot of sense. There has not been much on the world news about Spain, France, Italy and Portugal etc. I know there has been a bit about Germany but the newspapers and policiticans in the UK really talk the country and the economy down.

Spain dont seem to wash their dirty linen in public like the UK do. No wonder everybody is scared of sterling!!!!

I know that people have to know what is going on but there is nothing like the amount of bad news in the Spanish press as there is in the UK.

I cannot believe the amount of doom and gloom headlines in the press and on the news station websites. No wonder people are frightened to go out and spend anything. The 4 horsemen of the apocolypse are waiting in the wings along with the sword of damocles hanging over our heads.

If I was back in the UK I would be watching every penny. In fact I am doing that here anyway so no change there.

I was a mortgage adviser in the UK and every day for about 3 years I got email after email trying to talk property prices down - I was sick of hearing about the "property crash". So bad that in fact I decided to put our property up for sale and go into rented accommodation before we left the UK to come here. I am glad I did now.

[John50]

I think that when the world catches up with the EU the Euro will fall again. It is because the main focus recently has been on UK and USA with banks being bailed out left, right and centre.

When the same starts to creep through Greece, Italy, Spain, Portugal, France and eventually Germany - wait and see what happens to the Euro!

I think the New year will start to see this happen.

Those on a UK pension dont give up hope it has been like this before and the pound came back stronger than ever.

ps with a bit of luck Gordon and his cohorts will be flung out sometime soon and that will have a positive effect on the economy.

I don't much know about the parochial politics as the UK doesn't rank that large now and this is a world crisis far larger than our little politicians in London. I so hope you are correct in your prognosis for the pound though. I and many others here are getting very worried indeed and I don't think the issue has yet hit home yet with some. Let us hope the limelight does fall a little more on the ECB and the Euro.

[andywebb]

I think that when the world catches up with the EU the Euro will fall again. It is because the main focus recently has been on UK and USA with banks being bailed out left, right and centre.

When the same starts to creep through Greece, Italy, Spain, Portugal, France and eventually Germany - wait and see what happens to the Euro!

I think the New year will start to see this happen.

Those on a UK pension dont give up hope it has been like this before and the pound came back stronger than ever.

ps with a bit of luck Gordon and his cohorts will be flung out sometime soon and that will have a positive effect on the economy.

[yllig]

I wonder if it will ever go back up again though?

We can live with not going out and watching every penny if things improve after a year or 18 months but if it was permanent then I think a lot of people may have to go back to the UK as I think it will be cheaper to live there than here with that sort of exchange rate. We would certainly think about it in a few years. We dont get the first of our pensions for another 6.5 years but even then I think it wont be easy.

[John50]

Judging by the special Christmas Day and New Year's Eve party menus in the free papers they are not expecting a drop in bookings for the prices they are charging.

We are not even having a turkey or buying anything extra for Christmas Day and Boxing Day - just some lamb shoulder that we got reduced from Intermarche when they had their 40th anniversary.

We will also not be going anywhere New Year unless we can find a bar that is just having a normal evening and just have a couple of pints - I think Breeze Bar at Benimar had a free evening last year.

Is the bloody sun worth all this?

Well, I was on a rather good pension until this happened. Now ....

I think the expensive restaurants are anticipating a lemming effect - you know, damn the consequences we're out to have a good time and we'll think about the bills later.

It will be interesting to see if their theories work out ?

I have seen that the forecast is for a 1.08 euro/pound rate. Now that will be telling ! Not that anyone can see into the future of course but actually we're not a million miles off it now really.

[yllig]

Judging by the special Christmas Day and New Year's Eve party menus in the free papers they are not expecting a drop in bookings for the prices they are charging.

We are not even having a turkey or buying anything extra for Christmas Day and Boxing Day - just some lamb shoulder that we got reduced from Intermarche when they had their 40th anniversary.

We will also not be going anywhere New Year unless we can find a bar that is just having a normal evening and just have a couple of pints - I think Breeze Bar at Benimar had a free evening last year.

Is the bloody sun worth all this?

[Warrior]

It is no wonder things are so very quiet around. A quid today buys only 1 euro 14.8 cents. Even this forum seems to have died ! This economic crisis is slowly killing the whole area.

If not the Whole World................!

[John50]

It is no wonder things are so very quiet around. A quid today buys only 1 euro 14.8 cents. Even this forum seems to have died ! This economic crisis is slowly killing the whole area.

[Drewth]

Hi Drewth, I am wrting an article about this issue and would be very interested in talking to you about how people are coping in Torrevieja. Can you email me direct? or call on 667 805 669. Many thanks

I promised I would never again post on this forum but I have received a couple of messages that someone wished to contact me.

At risk of receiving nasty postings, here is a spare email address I keep. I may be contacted on that. Thank you.


drwdrwth@gmail.com

[Chrisdee]

Hi Drewth, I am wrting an article about this issue and would be very interested in talking to you about how people are coping in Torrevieja. Can you email me direct? or call on 667 805 669. Many thanks

It's not Spanishfly is it?

[fgmadrid]

Hi Drewth, I am wrting an article about this issue and would be very interested in talking to you about how people are coping in Torrevieja. Can you email me direct? or call on 667 805 669. Many thanks

[John50]

BofE meeting today and a drop in interest rates likely. In advance of that, a substantial drop in Sterling this AM:
1.154 Euros / 86.7p

[John50]

I see the Pound has dropped to an apparent all time low v. the euro today at a quid buying 1.163 euros !

[Chrisdee]

Don't be so silly Drewth, go onto the Specialist threads,just ignore the rude ones. They will be rude on any sections, remember the old saying "Sticks and stones"

2 Dec 08

Due to the uncalled for nastiness shown toward me on the Astronomy thread in the specialist 'department' which cuased me great upset, I am going to confine myself to this thread only.

Today the pound is again trading very weakly against the Euro. The ECB look likely to cut interest rates on Thursday but the BofE look to make deeper cuts.

£1 = 1.17 Euro
Euro = 85.4 pence

[Drewth]

2 Dec 08

Due to the uncalled for nastiness shown toward me on the Astronomy thread in the specialist 'department' which cuased me great upset, I am going to confine myself to this thread only.

Today the pound is again trading very weakly against the Euro. The ECB look likely to cut interest rates on Thursday but the BofE look to make deeper cuts.

£1 = 1.17 Euro
Euro = 85.4 pence