Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Explain this! I'm confused!

  • 27-06-2016 7:43pm
    #1
    mcneil
    Banned (with Prison Access) Posts: 332 ✭✭


    Reading online and hearing on radio/TV that the £ took its worst hit for 30 years and is at its lowest since the 80s. I checked the exchange rate and it was for £1 you get 1.19€. However, if I remember correctly, back in 2008/9 we were getting like for like so why are they reporting it's at its worst now.


Comments

  • #2
    [Deleted User]
    Posts: 5,121 ✭✭✭ [Deleted User]


    The Euro is also suffering.

    They are talking relative to the dollar mostly.


  • #3
    firestarter51
    Closed Accounts Posts: 2,382 ✭✭✭firestarter51


    the drop isnt based against the euro
    its a share or stock market value, 600 billion has been wiped off the value of the quid over the last week

    it has slightly improved for us shopping in £ but nothing dramatic, same level as february i think
    im no expert but this is what i think lol


  • #4
    KingBrian2
    Closed Accounts Posts: 6,363 ✭✭✭KingBrian2


    This period of financial carnage happens very rarely and aside from 08/9 and Black September 87 the trajectory is to the downside for quite a prolonged time frame.

    Although the stock markets have experienced short bursts of financial panic this appears to be different due to the very real fear that the markets won't be able to recoup the losses they made.


  • #5
    Roonbox
    Registered Users, Registered Users 2 Posts: 499 ✭✭Roonbox


    firestarter51 wrote: »
    the drop isnt based against the euro
    its a share or stock market value, 600 billion has been wiped off the value of the quid over the last week

    it has slightly improved for us shopping in but nothing dramatic, same level as february i think
    im no expert but this is what i think lol
    mcneil wrote: »
    Reading online and hearing on radio/TV that the took its worst hit for 30 years and is at its lowest since the 80s. I checked the exchange rate and it was for 1 you get 1.19 . However, if I remember correctly, back in 2008/9 we were getting like for like so why are they reporting it's at its worst now.
    This is rated against the USD which is considered the worlds reserve currency


Advertisement