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Downer for anyone just about to take a US holiday
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Great news for exporters.
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ftse might drop 5% fri
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or 25% ......
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They'll all be going to Bognor now
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25% ouch
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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 |
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If you were planning to buy a villa in Spain you are now well and truly fckd
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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 |
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Maybe Greece next .....
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Lowest level since 1985? Huh? You sure?
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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. |
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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. |
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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." |
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I beleieve Burton Brewers is headed stateside. Serves him right!
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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) |
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Saying on BBC that the Stock Exchange - or even other Stock Exchanges, too - may NOT OPEN ... under the 'Volatility Rule'.
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This is It ... they'll use this against the peoples now ... run with your money in a camper van time
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yeah i was just reading there is turmoil in Japan over this
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euro crashed as well , = $1.10
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We could join the usa.
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You might be right, I'll scuttle off back under the couch.:)
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cash wars
banks are at it - blame game. |
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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 |