British Pound Breaks Through $2 for First Time in Nearly 15 Years

[Unspeaked]

Here's the story, from ABC News (though almost all the news outlets are reporting it):


http://abcnews.go.com/Business/wireStory?id=3049319


Kinda interestering. Bet it won't change Mac prices over there, though...!

 

[bartelby]

Here's the story, from ABC News (though almost all the news outlets are reporting it):


http://abcnews.go.com/Business/wireStory?id=3049319


Kinda interestering. Bet it won't change Mac prices over there, though...!

It's the highest it's been for 26 years not 15

 

[bigandy]

I hope it stays like this until I can make it over to the states in the summer. I'll buy another Mac in NYC and save myself several £££'s.

Earlier today, it hit another high:

Pound reaches 26-year dollar high
Sterling has risen to its highest level against the dollar since 1981, breaking through the $2.010 mark.

edit: damnit bartelby, stop posting before me

 

[killmoms]

It's official: the dollar is in the *******. Le sigh.

Oh well, at least I can take comfort in the fact that, for all the strength of their currency, they're still paying way too much for Apple products.

That does make me feel better.

 

[Unspeaked]

It's the highest it's been for 26 years not 15

Yes, but as the headline says, it's the first time it's broken through the $2 mark in 15 years...

 

[Benjamin]

and additional thread about it. https://forums.macrumors.com/threads/297291/

 

[bartelby]

Yes, but as the headline says, it's the first time it's broken through the $2 mark in 15 years...

Does it?
Sorry about that. I just thought some American news station was trying to soften the blow.

 

[Queso]

You do realise even the poorest of us now earn more than you, right?

 

[bartelby]

You do realise even the poorest of us now earn more than you, right?

You mean even I'm rich?!?

 

[Unspeaked]

Does it?
Sorry about that. I just thought some American news station was trying to soften the blow.

This is one blow that would be very difficult to soften - especially for anyone who'd planned a UK holiday in the next few months!

 

[Queso]

You mean even I'm rich?!?

Only in US$ and all the other worthless currencies out there

EDIT: Actually that smiley should be a You should be rich.

 

[bartelby]

Only in US$ and all the other worthless currencies out there

I've got a small stack of poopy currencies. Dollars, Czech Koruna, Slovakian Koruna and Turkish Lira.

 

[im_to_hyper]

Oh well, I guess I won't be going to London like I originally planned. And this sucks, too... especially since I allocated $500 to spend while over there. That only gives me HALF of what i wanted. argh.

 

[Queso]

I've got a small stack of poopy currencies. Dollars, Czech Koruna, Slovakian Koruna and Turkish Lira.

So which one will you be lighting your fat rich man's Cuban cigars with?

Oh well, I guess I won't be going to London like I originally planned. And this sucks, too... especially since I allocated $500 to spend while over there. That only gives me HALF of what i wanted. argh.

£250 won't get you at all far in London I'm afraid. Unless you mean London, Arkansas. There it will buy you half the town, trailer parks and all

 

[Unspeaked]

£250 won't get you at all far in London I'm afraid. Unless you mean London, Arkansas. There it will buy you half the town, trailer parks and all

I don't know, I figure he could pick up a week's pass on the underground, a daily meal at McDonald's, a small daily snack from Tesco and a train ride to and from the airport and STILL have about £75 left over to spend on stuff.

If one sticks to the free museums, it's workable.

Though for the same amount, you could get a flight and hotel to Las Vegas, plus a week's worth of excellent meals and some fun nights out. Oh, and gambling.

Hmm, have you considered Vegas??

 

[Cromulent]

Oh well, I guess I won't be going to London like I originally planned. And this sucks, too... especially since I allocated $500 to spend while over there. That only gives me HALF of what i wanted. argh.

£250 for a week in London?! Christ, I can quite easily spend £120 on one night out in London, and that is going home to sleep. God knows what it would be with hotel prices on top of that.

Edit : Seems I imagined you saying you were visiting for a week, oh well the point is the same .

 

[Unspeaked]

£250 for a week in London?! Christ, I can quite easily spend £120 on one night out in London, and that is going home to sleep. God knows what it would be with hotel prices on top of that.

Edit : Seems I imagined you saying you were visiting for a week, oh well the point is the same .

To be fair, he does say that's what he set aside to SPEND, so in my scenario up above, I assumed the airline ticket and hotel - at least - were not included in that figure.

Now, if $500 is purely play money, and it doesn't factor in travel, hotel OR meals, then I think it's quite doable, especially with all the free things one can do in London in the summer...

 

[dmw007]

It's official: the dollar is in the *******. Le sigh.

Yes, this sadly seems to be the case. £ > $

 

[Mr. G4]

That is a good news for the US economie.

More visitors to the US, more export of American good since they are cheaper now.

Lets look at the bright side

 

[Queso]

Yes, this sadly seems to be the case. £ > $

Apart from one brief point during the Thatcher years when the two currencies hit equality during a Tokyo trading session, that's always been the case

 

[QuarterSwede]

I wonder if this has to do with the UK not giving in to the Euro.

 

[Queso]

I wonder if this has to do with the UK not giving in to the Euro.

This is due to an incredibly weak dollar rather than a strong pound. The value of the pound is pretty stable against the rest of the major currencies, including the Euro. Major central banks have been dumping their dollar reserves, which says a lot about where they view the American economy as heading.

Fasten your seat belts. I think we're all in for a bumpy ride over the next few years.

 

[iGav]

Oh well, I guess I won't be going to London like I originally planned. And this sucks, too... especially since I allocated $500 to spend while over there. That only gives me HALF of what i wanted. argh.

When exactly did you plan your trip to London???

Really... it's only a marginal increase on what it's been consistantly hovering at for the last 12 months or so.

 

[iGav]

Fasten your seat belts. I think we're all in for a bumpy ride over the next few years.

Lets hope 'eh. *begins crossing fingers and fumbs for several interest rate hikes over the coming months*

 

[Queso]

Lets hope 'eh. *begins crossing fingers and fumbs for several interest rate hikes over the coming months*

As long as they wait until October.