LadyEllen
Posts: 10931
Joined: 6/30/2006 From: Stourport-England Status: offline
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quote:
ORIGINAL: popeye1250 Invest it in Euros. Check out the forward rates first Popeye! Sterling hit an all time low of 1-23 a week or so ago, and now its climbed several points higher; I dont follow the USD particularly and the above could be a strengthening of Sterling or an adjustment to the Euro. Be careful - though I dont think that if you did lose, you'd lose much on the Euro. We should have been in on it from the start. And here's a cheery thought. Last summer, my company had a surplus of sixty thousand Euros from trading. Not having much use for them, we arranged to pay our main supplier with them, instead of paying in GBP - no need to convert them or pay more bank charges. Sixty thousand Euros back then was around £42k. If we'd sold them at the low a while back we'd have got nearly £49k. But then, hindsight is a wonderful thing and had we known then what we know now, we'd be currency traders instead of lowest of the low road hauliers. E
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In a test against the leading brand, 9 out of 10 participants couldnt tell the difference. Dumbasses.
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