Pound doing better

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Dominic
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Pound doing better

Post by Dominic » Fri Oct 11, 2019 12:44 pm

Given that people posted twaddle when the pound dropped by less than a cent a few days ago, I just thought I would point out that it is now nearly three cents higher than that, at just under 1:14.

In the long term this means little, but Gandhi said we should be the change we like to see, so here is a big up for positive news. :)
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Re: Pound doing better

Post by Termites Dream » Fri Oct 11, 2019 12:50 pm

I think we need to see the detail and if everybody agrees....Agreement has been a bit of an issue :lol: :lol:

But I hope.....

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Re: Pound doing better

Post by galexinda » Fri Oct 11, 2019 12:56 pm

As an aside the rate was 1.12 when we returned to Cyprus five years ago.

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Re: Pound doing better

Post by The Aquila » Fri Oct 11, 2019 3:49 pm

Perhaps it’s all down to the positive work that Boris is doing....

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Re: Pound doing better

Post by Robert » Fri Oct 11, 2019 4:55 pm

The Aquila wrote:
Fri Oct 11, 2019 3:49 pm
Perhaps it’s all down to the positive work that Boris is doing....
:D :D :D

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Re: Pound doing better

Post by Kili01 » Fri Oct 11, 2019 6:28 pm

Wait and see what the results actually are before passing judgement. Boris is known for blowing lots of hot air around which may not necessarily be the whole truth.
But he seems to be able to convince the gullible.
Lets hope that he can conjure up something which will be acceptable to all parties, especially the EU.

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Re: Pound doing better

Post by Jimgward » Fri Oct 11, 2019 7:26 pm

Hit 1.15 today and fallen back to just under.... markets will fluctuate based on belief of what’s happening - at the moment, positive signs of a deal...

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Re: Pound doing better

Post by Happy in Cyprus » Sat Oct 12, 2019 12:59 am

Boris has made significant concessions and talk is now of a border in the Irish Sea, which is something that Theresa May wouldn't countenance and claimed that no UK Prime Minisster ever would...while BJ was sitting right next to her on the front bench :lol:

It was inevitable that red lines would have to be broken on both sides in order to achieve a deal...not that we're anywhere close to that point yet.

But at least, and at last, serious negotiations are under way.

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Re: Pound doing better

Post by JimX » Sat Oct 12, 2019 6:55 am

When we arrived on Cyprus the UK pound was at Cy £1.42. the few cent rise has a very long way to go, this very small rise is just spectators, I think it will fall much further once the UK leaves the EU. I sincerely hope I am wrong because my pension relies on this, unfortunately I see no good news.
Last edited by JimX on Sun Oct 13, 2019 10:25 am, edited 1 time in total.
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Happy in Cyprus
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Re: Pound doing better

Post by Happy in Cyprus » Sat Oct 12, 2019 9:52 am

The concensus of opinion Jim is that if there is a No Deal (looking a little less likely now) the pound will slump - maybe parity with the Euro, or lower. If there is a deal, the pound will soar, short term at least. Longer term the ramifications of the UK leaving the EU will start to bite...and if major manufacturers and organisations move facilities from the UK to Europe (highly likely), this will subdue GBP for a long time to come. But currency speculators will do all right; major money-making opportunities for them ;)

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Re: Pound doing better

Post by lionelcyprus » Sat Oct 12, 2019 9:57 am

Agree totally.
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Re: Pound doing better

Post by Lincoln » Sat Oct 12, 2019 5:33 pm

JimX wrote:
Sat Oct 12, 2019 6:55 am
When we arrived on Cyprus the UK pound was at Cy €1.42. the few cent rise has a very long way to go, this very small rise is just spectators, I think it will fall much further once the UK leaves the EU. I sincerely hope I am wrong because my pension relies on this, unfortunately I see no good news.
That is most odd JIMX as I believe that when you arrived in Cyprus, it was the Cypriot Pound! :D Unless of course, I am getting you mixed up with someone else.
All things are possible

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Re: Pound doing better

Post by Kili01 » Sat Oct 12, 2019 6:19 pm

That is exactly what Jim said, Lincoln. We were in Cyprus before CY joined the EU. At that time the pound sterling was worth a lot more than the CY pound... It was a very good time to build a house and that was what we were doing then 1999 - May 2000.,

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Re: Pound doing better

Post by Austin7 » Sat Oct 12, 2019 6:28 pm

Lincoln wrote:
Sat Oct 12, 2019 5:33 pm
That is most odd JIMX as I believe that when you arrived in Cyprus, it was the Cypriot Pound! :D Unless of course, I am getting you mixed up with someone else.
Lincoln, how could you possibly get Jim mixed up with someone else :?: :lol:

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Re: Pound doing better

Post by Happy in Cyprus » Sat Oct 12, 2019 6:30 pm

True Dee, Jim is correct in what he said.

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Re: Pound doing better

Post by Austin7 » Sat Oct 12, 2019 6:37 pm

Happy in Cyprus wrote:
Sat Oct 12, 2019 6:30 pm
True Dee, Jim is correct in what he said.
.... except he said the UK pound compared to the Cyprus euro at 1.42. I think Lincoln was being pedantic (a bit like me I suppose 8-) )

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Re: Pound doing better

Post by Happy in Cyprus » Sat Oct 12, 2019 6:45 pm

When Jim came out here, the Cyprus Pound was the currency, as it was when we came out here.

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Re: Pound doing better

Post by Jimgward » Sat Oct 12, 2019 7:58 pm

I track the pound-Cypriot pound - Euro - Swiss Franc over the 13 years I’ve been involved in property in Cyprus. The average should be around 1.22 to the pound. It has gone down to 1.02 and been up near 1.40

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Re: Pound doing better

Post by Austin7 » Sat Oct 12, 2019 9:55 pm

JimX wrote:
Sat Oct 12, 2019 6:55 am
the UK pound was at Cy €1.42.
- CLEAR NOW :roll:

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Re: Pound doing better

Post by June » Sun Oct 13, 2019 12:19 am

It was never that! :)
As I recall I budgeted 75 Cyprus cents to £1 Sterling when I came out on holiday, It varied but it worked for me.
Everyone keeps going on about the 1.40 euros to the pound but that was down to the quantative easing decided by the E U

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