EXCHANGE RATES BETWEEN POLISH ZLOTY AND BRITISH POUND

yeh right what the hell does he know about global affairs, hes just judging unrelated trends. I stopped taking advice from Poles a long, long time ago - its usually bad advice.

I'm sticking with my above prediction 4.75 within two weeks, 4.66 right now and going up.

Let's hope you are right - I am over again in the new year..

Almost there:

1.00 GBP = 4.71216 PLN

Is this not just a side effect of the Euro collapsing against the Dollar/Pound? The EUR/PLN rate hasn't moved at all.

Possibly. Strengthening UK economy i would say, should see some slow stable growth in GBP over the next few months. The UK seems to have weathered the storm for now.....

"The Euro collapsing" ???


When??? Where???

;)

20% year on against two weak currencies.

Well...if you call the Dollar and the Pound "weak" currencies! ;)

But the Euro is stronger than the Dollar and near parity with the Pound.
A too strong Euro is bad news for the german economy...and against the background
of all the "doom! gloom!" screamers in the wake of Greece, Ireland and future bailouts the Euro holds itself very well! ;)
No panic, no rushed sells, nothing...

I've read experts who said parity with both (Dollar, Pound) is actually more realistic than the heights the Euro had reached some months back. That was clear overvaluation and...I repeat, bad for the economies!

I think you mean parity with the Euro and the USD...

Last year they were quite weak against commodities and other currencies. Keep in mind the US has already threatened the Chinese with devaluation... if that happens, do you think the ECB and BoE will play follow the leader?

I will change my opinion once the Dollar is not the world currency anymore...but I need to see that to believe it!

Well, overall, foreign dollar holdings has dropped nearly 10% in the last 10 years. Bond sales have been sluggish. Some states are already pricing oil and other commodities in Euros, more and more countries are issuing euro and local currency debt...

And still... ;)
That's what I meant! If I had believed every doom-sayer...
I believe in the US, they will come out of it. There won't be another world leader anytime soon, the possible candidates are all lacking the main ingrediences!

I agree that it is highly likely the US will be the first developed country to come out of the recession. Even though there have been flickers of light in Germany and France, they are both underpinned by the Euro ('s weak links). Interesting interview with the Swedish finance minister today, he goes on to say, "we support the bailout of Ireland, because they have already taken fiscal measures to avoid problems earlier this year, if it comes to bailing out Portugal and Spain, it will be very difficult to get it passed the tax payers in Sweden and at the end of the day it is the taxpayers money"

So they are saying that because Ireland took steps they are deserving of help but Portugal & Spain aren't? I don't pay close attention to Spain & Portugal but surely they have taken measures too?!

Not to the levels of Ireland. The countries putting the money in to bailout Ireland, are sure they will get the money back ++. When it comes to Portugal and Spain ?

What are the main ingredients? Dictatorship seems to be working well, when managed by competent people, which China is. They're waging an economic war and look to be winning. Does that mean that a mud farmer in China will be living the same lifestyle as someone growing hops in Bayern in 20 years? probably not. Does that mean that China as a nation will have ever expanding influence, yes, of course. Can that influence be used to make our lives miserable, yup.

The days of "a leader" left a while back.

With regards to the OP, BoE is considering another round of QE, NBP isn't.

I live there. I don't know what makes them so sure.

Plenty of talk here about defaulting being inevitable.

Dictatorship isn't compelling to people, nothing they yearn for, strive for, dream of.
You don't see masses immigrating into China!

The chinese "miracle" will get busted like the credit crunch and housing bubbles...soon chinese workers won't bow to the slaving anymore...there will be rising wages, a growing middle class who will influence the current regime...

They will come to adhere the same laws and duties as we have to do too...then we will see how they can cope without any unfair advantage as it is now! ;)

It's all a matter of time!

PS: Dictatorships are all about projecting an image, to their own people and to the foreigners....they are not really working well, they never do, not by a long shot! Believe me...I speak from experience!

Here is the link:

As for Ireland, very interesting blog:
"Who bankrupted Ireland?"

golemxiv-credo.blogspot.com/2010/11/who-bankrupted-ireland.html

The bankers....the new Jews!

;)

Banks=Jews, as far as Western banks concerned


Don't be too sure on that. With the US eonomy on its knees, EU more struggling than enjoying its currency(Euro zone looks like patchwork these days), I personally don't see in the near or far future any economy which could keep their speed.

They are simply smart people.

I was told by someone whose job it is to know that it is because of:

1) North Korea attacking South.

2) Ireland's bailout. (Which Britain said they would lend money to. I believe 7% of exports from Old Blighty goes to Ireland and the added bonus of looking strong having the knock on effect of well... looking strong)

3) The interest rate not being changed by Poland.

I am just repeating what I was told. Except for the part in brackets.

The Chinese are the second largest holders of American debt after the Federal reserve, they can't be that smart. The Americans are smart in getting them to take the debt.

warszawski

I am not a financial expert, but maybe it helps you read this.

nspm.rs/nspm-in-english/financial-crisis-and-global-geopoli tical-dislocation.html

I read the article that was written by a Russian team on geopolitical affairs. Russia is one of the countries pushing for an alternative world currency or a basket of currencies. With a short search on the internet i can find numerous reports/articles that will counter most of the information contained in the report. They could not come to any agreement at the G 20 in Seoul. The game goes on.

China is a threat economically to the USA and militarily to Russia, Oil is what they all seek to drive the machine, this is where conflict will begin, be it at 150 USD a barrel or 200 USD a barrel.


Here is a link SeanBM

topforexnews.com/2010/11/26/polish-zloty-falls-on-european-debt-fitch-statement/
xe.com/news/2010-10-29%2013:24:00.0/1491569.htm

Thanks, When was that link written?

The Zloty went to 4.78 today to the pound, it jumped 2% after yank's giving and now no swings are expected, I was told.

First one today, the second about a month ago. I mentioned this to you before I always do the opposite of what bankers tell me in poland. But that is just me.

When there is political or financial turmoil there is always a flight to safety ( USD,JAP yen, Sterling, Euro) away from emerging markets/currency (PLN et al). You have to gauge if the problem for the Euro is over and the situation in Korea is at an end, with all the returning poles for the festive season in PL, the PL gov/NBP wants them spending their money so they are do anything to prop up the PLN, no matter how low it goes. It is all a guessing game seanBM and if we had all the answers...

you call always check the spots and graphs here for GBP/PLN tp://www.fxstreet.com/rates-charts/live-charts/

Holy crap PLN - GBP shot up from 4.72 to 4.87 today.