on 27/11/2008, Reg supposed :
> Posted by: "Nigel Stanley"
> [EMAIL PROTECTED]
>
> This is all getting very off-topic, but many people think the pound
> has been significantly over-valued because of the over-dominance of
> financial services in the economy since Mrs Thatcher's city big bang
> in 1987. This has not been helped by government and Bank of England
> wanting an over-valued pound to bear down on inflation - one reason
> why our interest rates are often higher than elsewhere.
> ___________________________________________
>
> I don't see it that way. In about 1970, I bought from Germany some
> components to build a radio ham TV transmitter. I got about 9DM for £1.
>
> By the time just before the Euro arrived, I got about 3DM to a pound.
> Today it's €1.1930 to a pound. In May 2008, I got €1.2595 using my
> Nationwide credit card in Germany.
>
> In June 2006, I got €1.3902. In Nov 2005, I got €1.4414. (I keep
> records of diesel costs for my car.)
>
I can remember when two and six was known as half a dollar, ie 4
dollars to the pound
------------------------------------
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/canals-list/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/canals-list/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:[EMAIL PROTECTED]
mailto:[EMAIL PROTECTED]
<*> To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
