Paphitis wrote:miltiades wrote:Well, you should know!
How is that pound in your pocket mate,?
Paphitis, the idiot, posted, Stetling is doing great!! Its worth more than the euro and the dollar !!! What a moron !! Doesn't he know Sterling is also worth more than the Afghani or the Nigerian niara. What a liad of plonkers!!
The AUD, USD and Euiro are not the Afghani.
But yeh, Sterling is worth more than all the currencies mentioned.
BTW, USA, China, Japan, Canada and Australia have been trying to devalue their currency by cutting interest rates. It's apparently better for exports.
Germany does the same to the Euro (Greece, Portugal and Spain practically have no say) in order to improve their car exports.
It's a fallacy to presume a strong currency correlates to good and being beneficial to the economy when the opposite is sometimes the case.
A lower Sterling can stimulate British exports overseas.
you are one stupid guy. have you any idea what the british unterest rates are and have been for a very long time.