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Now the pound has lost value does that mean I get more money from dollar exchange?

Discussion in 'BlackHat Lounge' started by PineappleCrush, Jan 10, 2017.

  1. PineappleCrush

    PineappleCrush Regular Member

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    When the pound was normal you used to only get about 1/2 the amount of £ that you got in $ but now brexit has kicked it is almost 1 for 1. So does that equate to more money?

    I was complaining that I had to spend more now the pound is weaker but is it good in terms of working the other way when getting paid now?

    ie a while ago $10 would only exchange to about £6 but now it would be more like £9 you would get back.
     
  2. MisterF

    MisterF Jr. VIP Jr. VIP

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    If you're buying using £ to $ you're worse off.

    Buying from the States, so $ to £ you're better off.
     
  3. neilbhabuta

    neilbhabuta Jr. VIP Jr. VIP

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    Yes that's right... mind u there is a lot of false information about why the pound fell. It only fell because lloyds bank called the pound at $1.50 the night before brexit. Britain's actual economic for cast is up 0.5%. Don't expect the pound to stay low very long!
     
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