Pound dropped to lowest level since 1985

Great news for exporters.

ftse might drop 5% fri

or 25% ......

They'll all be going to Bognor now

25% ouch

I remember January 1985, in New York and London they had planned 'Parity Parties' to celebrate the moment when the pound would be worth exactly $1.00

Don't think it quite got there from what i recall

If you were planning to buy a villa in Spain you are now well and truly fckd

I'm being a bit over zealous with 25% but this is a big shock to the Suits !


Currecnies now worthless .. Gold has soared to 966

Maybe Greece next .....

Lowest level since 1985? Huh? You sure?

4:02am
Pound crashes to 1985 low as sterling falls below $1.35
It just keeps falling. The currency is now at its weakest levels in more than three decades.

Here's how that looks.

3:58am
'Lehman-like' currency markets as pound tumbles below $1.37
The pound has kept sliding, now below $1.37 and on course to double its worst ever one-day slide if losses extend.

Simon Derrick, of BNY Mellon, says: "Self evidently a number of investors will have found themselves on the wrong side of the price action in the past few hours.

"It therefore look very likely that today will see a record fall for the pound, easily beating Black Wednesday's move. Indeed, it seems fair to say that today will soon start to be referred to as a Black Friday for markets."

I beleieve Burton Brewers is headed stateside. Serves him right!

Ok that's my holiday cancelled.
I'm going to pick the most right wing forumite and demand I can go live on his couch for a holiday for a week.

Wife nuptials .. I realise that's extra.

(In my experience, sheep are part of B&B)

Saying on BBC that the Stock Exchange - or even other Stock Exchanges, too - may NOT OPEN ... under the 'Volatility Rule'.

This is It ... they'll use this against the peoples now ... run with your money in a camper van time

yeah i was just reading there is turmoil in Japan over this

euro crashed as well , = $1.10

We could join the usa.

You might be right, I'll scuttle off back under the couch.:)

cash wars

banks are at it - blame game.

Mohamed A. El-Erian
13s
Mohamed A. El-Erian‏ @elerianm
.#Euro stocks set to open 12% down. #Sterling weakest since mid 1980s. Short-dated Euro yields more -ve. #Dow futures down almost 700 points