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27/05/2009, 17:22 chessfou Joined on 15/11/2005 Aveyron Posts 621 Re: The pound is on the brink 1.1548 was the high water mark so far today. For those who are trying hard to integrate, you must remember that that is FFR 7.57. Over the past 30 odd years the £ has fluctuated between about FFR 14 at its absolute high point to FFR 6.24 at its absolute low point (31.12.2008). For most of the time it has tended to meander around the FFR 10 level (€ 1.52). 10.69 was the value on the first day of the Euro. No doubt the recession will be considerably worse in the UK than in most of the Eurozone (albeit Spain and Ireland look very dodgy and Austria as well if its banks' East European loans turn bad), so presumably Sterling will bounce around well below that €1.50 level but something in the order of 1.25 (or more) should appear before too long (other things being equal).    Report

27/05/2009, 19:56 NormanH Joined on 10/04/2008 Posts 1,611 Re: The pound is on the brink I don't understand this obsession with the exchange rate between the pound and the Euro. I live in France which is in the Eurozone. My Pension is French and in Euros. I have a Health cover based on the fact that I have contributed to the French system over a long time. Those who are victims of the media campaigns to buy in France (Estate agencies the most guilty in this regard) and who thought they were onto a good thing have only themselves to blame for their naiveté      Report

27/05/2009, 20:04 AnOther Joined on 05/12/2006 W of Cahors (46) Posts 6,737 Re: The pound is on the brink  NormanH wrote: I don't understand this obsession with the exchange rate between the pound and the Euro. I live in France which is in the Eurozone. My Pension is French and in Euros. I have a Health cover based on the fact that I have contributed to the French system over a long time. Bully for you Norman but I think you're here at least in a minority of one If you don't understand why the rest of us are interested in it then you must be simple. Counting down to retirement update: A bright light now beckons    Report

27/05/2009, 20:10 WJT Joined on 22/09/2004 Posts 1,862 Re: The pound is on the brink  NormanH wrote: I don't understand this obsession with the exchange rate between the pound and the Euro. I live in France which is in the Eurozone. My Pension is French and in Euros. I have a Health cover based on the fact that I have contributed to the French system over a long time. Those who are victims of the media campaigns to buy in France (Estate agencies the most guilty in this regard) and who thought they were onto a good thing have only themselves to blame for their naiveté   Bully for you. There are some of us that very much would like to retire like you one day and live the life watching the daisies but unfortunately have to make a crust in the UK and perhaps because of the crashing pound have had dreams shattered. Just wish we had the luxury of doing as you apparently did of working and contributing in France and receiving a pension in Euros. Lucky you, very happy for you.    Report

27/05/2009, 20:16 powerdesal Joined on 07/01/2006 Fujeirah, U.A.E Posts 3,093 Re: The pound is on the brink  NormanH wrote: I don't understand this obsession with the exchange rate between the pound and the Euro. I live in France which is in the Eurozone. My Pension is French and in Euros. I have a Health cover based on the fact that I have contributed to the French system over a long time. Those who are victims of the media campaigns to buy in France (Estate agencies the most guilty in this regard) and who thought they were onto a good thing have only themselves to blame for their naiveté   NormanH, I am happy for you, as no doubt many other British immigrants are, however your understanding of ''obsession with the exchange rate'' is odd to say the least. There are no doubt a considerable number of immigrants whose income is Sterling based, they are, understandably (IMO) concerned about the exchange rate. As no doubt you would be if you were in their position. The fact that you are not is good for you. Your attitude is not only not sympathetic but is actually 'pathetic' and is insulting to those who are more recent arrivals in France than you. ps. I am not one of those affected because I am paid in Euros (quite a lot of them) and am not a resident of France, only having a residence secondaire, I do however have some sympathy for those who are affected by the poor exchange rate, irrespective of how naive (or not) theymay have been. I believe its called ''consideration for those less well off than oneself'' Steve ,Fujeirah Emirate, U.A.E + 50 (in France) ...........................................................................    Report

27/05/2009, 20:25 Chancer Joined on 16/07/2006 Picardie, Sussex Posts 4,045 Re: The pound is on the brink I want to be like Norman! That is to say have an income (comfortable or otherwise) in Euros, and within the next year or so it will commence when I start to get a rental income from the flats that I am building with my own (free) labour and my rapidly diminishing and until recently, depreciating, Sterling savings. So for the interim I continue with my obssession with the exchange rate as illustrated by my starting this thread, however once I have a Euro income I will transform and start rubbing salt into the wound of all you naive losers    Report

27/05/2009, 20:41 Russethouse Joined on 23/08/2004 Forum Moderator Posts 11,676 Re: The pound is on the brink Those who are victims of the media campaigns to buy in France (Estate agencies the most guilty in this regard) and who thought they were onto a good thing have only themselves to blame for their naiveté Whether people were naive or not, without them I doubt this forum would exist www.quimperclub.org 99    Report

27/05/2009, 20:55 allanb Joined on 04/09/2006 Posts 916 Re: The pound is on the brink NormanH is perhaps being a bit harsh, but he has a fair point.  If your income is determined in pounds, and you decide to move to a euro country, you are taking a large gamble: rather like betting on a horse.  If your horse loses...    Report

27/05/2009, 21:08 WJT Joined on 22/09/2004 Posts 1,862 Re: The pound is on the brink  ErnieY wrote:  NormanH wrote: I don't understand this obsession with the exchange rate between the pound and the Euro. I live in France which is in the Eurozone. My Pension is French and in Euros. I have a Health cover based on the fact that I have contributed to the French system over a long time. Bully for you Norman but I think you're here at least in a minority of one If you don't understand why the rest of us are interested in it then you must be simple. Snap, Ernie. I do agree JR but even the most sceptical of us most probably couldn't have predicted the crash in the pound to this extent. We haven't moved to France and we have been planning for years and we have always been very conservative hence the reason for not making the move yet. However, we sadly never thought a few years back the world would be in the state that it is at the moment. Not the end of the world of course just the end of our plans for the time being. I would imagine many here on the forum have been affected one way or another and find the glee that Norman expressed about those that are hurt to be very insensitive to be honest.    Report

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