Rate Dropping Before Your Eyes

[Scunner]

Already down to 2.43 at this time []

[Jacqui Harvey]

It's the same around the world.  The dollar has dropped from $2.10 to the pound at the beginning of the year to $1.55 yesterday - Just our luck we are going to New York in December!!  Don't know whether to get some dollars now or wait and see if the rate gets better.
Jacqui.

[tinkerman]

it's all H's fault, he asked Scunner to put the clock back.

Well he didn't know that was the rate button did he

Tinx

[Scunner]

Seems my post has steadied the World financial markets, it's still at 2.43. The power of CBF eh

[number2]

On here it's 2.41, where will it stop?

[michael marshall]

could be a good time to exchange some ytl back into gbp if it goes down anymore ??

[tinkerman]

The rate at the bottom of the page varies Alan depending which postcode you in, here it is still 2.7

[stoop]

If the lira is dropping against the pound it must be about the only currency that is! Rumour has it interest rates over here will be as low as 2.5% before too long so expect the pound to drop further (except against the lira it seems). Not quite sure why the lira is dropping but there are a few countries in a real mess right now. Iceland have just put there interest rates up to 18% (from 12.5) to stop their currency collapsing completely! Quite a few countries are looking to borrow from the European Central Bank in order to prop up their economies.

Worrying times.

[tinkerman]

Mr. Doom and Gloom again, it's to do with the liquidity of the us dollar that is causing it.

[stoop]

Tinx,

Not doom and floom mate - facts. We are about to witness the worst recession in our lifetime!

I fail to see why the dollar has any bearing on the £/YTL exchange rate though.