joshuawbb Posted June 12, 2009 at 01:38 PM Author Report Share Posted June 12, 2009 at 01:38 PM Yes, it certainly seems to be rising recently - hopefully it'll keep up the trend. I guess you can never tell whether it'll drop again or not though. Quote Link to comment Share on other sites More sharing options...
adrianlondon Posted May 18, 2010 at 10:56 PM Report Share Posted May 18, 2010 at 10:56 PM Back under 10, at 9.75 (according to XE). Quote Link to comment Share on other sites More sharing options...
roddy Posted May 19, 2010 at 02:34 AM Report Share Posted May 19, 2010 at 02:34 AM I thought the upside of having a slimy git like Cameron in Number 10 was meant to be a better GBP:CNY exchange rate. Sure I read that in a manifesto somewhere. I got from 10.4 to 10.17 withdrawing with my Nationwide debit card in April / early May. Quote Link to comment Share on other sites More sharing options...
adrianlondon Posted May 19, 2010 at 10:32 AM Report Share Posted May 19, 2010 at 10:32 AM Usually, the more right wing the government the better the currency and share index of that country ;) However, I reckon the financial problems are so severe that whoever is in power doesn't really have much choice. Raise taxes, stimulate the economy, magic more currency out of thin air. It seems, at a simplistic level, that there's the US$ (and all the Asian countries which follow that like sheep for some reason) and the Euro (with sterling, the CHF and other nearby currencies following that like sheep). People think the US is coming out of recession, so the US$ and Asia rises. People think the Euro is screwed thanks to Greece, Spain, Portugal so the Euro, Sterling, Swiss Frank etc fall. It's all a game - it's all what some rich person (with no hidden agenda - oh no) or rating agency (ditto) says. Not based on actual people working in factories or queueing up at the unemployment office. Quote Link to comment Share on other sites More sharing options...
roddy Posted November 26, 2010 at 04:57 AM Report Share Posted November 26, 2010 at 04:57 AM FYI those of you using the Nationwide card as I mention above, they're recently bumped up their rates - you now pay 2% on all non-sterling transactions, plus a pound flat fee for using an overseas ATM. Seems they're still competitive among debit cards, although there are better credit card options, including NW's own. There's a very useful 'what cards to use abroad page' on moneysavingexpert.com. 1 Quote Link to comment Share on other sites More sharing options...
realmayo Posted January 3, 2012 at 11:20 AM Report Share Posted January 3, 2012 at 11:20 AM Saw this today in a 2012 look-forward piece by a guy at the Telegraph who I think is pretty good: Since the purpose of New Year predictions is to stick one's neck out, let me hazard that China will devalue the yuan in 2012. It will export yet more spare capacity into a deflationary world, until the West retaliates and starts to turn its back on globalisation. Capital outflows will accelerate. The idea that China can rescue anybody will seem quaint. from http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8987846/Ambrose-Evans-Pritchard-2012-could-be-the-year-Germany-lets-the-euro-die.html Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and select your username and password later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.