Maybe somone has some sensible forecast for EUR/STG exchange
We are also affected by this as we accept GBP/EUR payments and pay our bills in USD.
The big problem is that the UK is panicked by the U.S. recession, but mainland Europe isn't. Transactions are happening as usually, real estate prices are stabilising but still increasing.
The EUR will certainly go over the 1.50 USD barrier soon when the US enters recession and start selling its currency for a more stable currency.
Bush doesn't give a sh*t about his government anymore as he's leaving office end of the year.
Obama or Hillary (we'll know soon ;-) ) will relaunch the economy by a politic of trust and by ending the war.
All I can tell you is that when the economy worsens in the US over the next few months, the UK economy will tend to worsen aswell, the GBP will probably drop even more against the EUR.
Exchange at least 10 000GBP on every occasion, that will earn you a very good rate. Don't go to exchange banks, go to your own bank.
Do not catch me wrong though, a recession in the UK does not mean it is going to widely affect air travel or travel in general.
Actually the airline that can earn the most money from a recession in the UK is FR... people will tend to go for cheap hotels and cheap airline tickets. Not a surprise Mol's talking about a "big dowturn", he just wants to give the recession a push forward.
Last edited by Nichibei Aviation; 5th Feb 2008 at 23:59.