Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #41  
Old 07.10.2016, 18:21
Fish Paste's Avatar
Senior Member
 
Join Date: Jun 2013
Location: North
Posts: 439
Groaned at 13 Times in 6 Posts
Thanked 500 Times in 237 Posts
Fish Paste has earned the respect of manyFish Paste has earned the respect of manyFish Paste has earned the respect of many
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
I do not see low cost countries as a competition or threat
I shall tell that to my colleagues ( and possibly myself ) when the names are announced.
By low cost, I'm including Poland, Hungary etc. All produce some excellent people, and much cheaper than here.
Reply With Quote
This user would like to thank Fish Paste for this useful post:
  #42  
Old 07.10.2016, 18:21
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 14,170
Groaned at 211 Times in 183 Posts
Thanked 11,516 Times in 6,515 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
So why are there still people working in Switzerland? .
Perhaps you never noticed, Switzerland takes time to change, it's not generally a first mover.
Reply With Quote
  #43  
Old 07.10.2016, 19:03
Forum Veteran
 
Join Date: Nov 2015
Location: Küsnacht, Switzerland
Posts: 1,217
Groaned at 52 Times in 48 Posts
Thanked 3,177 Times in 1,448 Posts
Blueangel has a reputation beyond reputeBlueangel has a reputation beyond reputeBlueangel has a reputation beyond reputeBlueangel has a reputation beyond reputeBlueangel has a reputation beyond reputeBlueangel has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Still looks like Sterling took a kick in the teeth today.

http://www.xe.com/currencycharts/?fr...to=CHF&view=1D
Attached Thumbnails
wow-chf-gbp-exchange-rate-pretty-crazy-moment-chf071016.jpg  
Reply With Quote
  #44  
Old 07.10.2016, 19:21
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 14,170
Groaned at 211 Times in 183 Posts
Thanked 11,516 Times in 6,515 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
Still looks like Sterling took a kick in the teeth today.

http://www.xe.com/currencycharts/?fr...to=CHF&view=1D
I am amazed there is any surprise, stealing will be very weak for the next 3 years , however the UK & the £ will be riding high after 5 years of freedom.
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #45  
Old 07.10.2016, 19:34
Forum Veteran
 
Join Date: Feb 2014
Location: The World
Posts: 692
Groaned at 102 Times in 56 Posts
Thanked 452 Times in 246 Posts
Capo is considered unworthyCapo is considered unworthyCapo is considered unworthy
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
I am making a living by working for a company here locally that helps doing stuff right and fast whenever the new low cost IT in India screwed up. I do not see low cost countries as a competition or threat, digitalization is since the stuff is simply getting smarter and there is less work to do in order to achieve the same result.
German solar cell's producers said the same thing about the Chinese competitors some years ago.

India will be a strong threat to IT companies on high cost locations in the near future.
Reply With Quote
  #46  
Old 07.10.2016, 19:39
Forum Veteran
 
Join Date: Feb 2014
Location: The World
Posts: 692
Groaned at 102 Times in 56 Posts
Thanked 452 Times in 246 Posts
Capo is considered unworthyCapo is considered unworthyCapo is considered unworthy
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
I am amazed there is any surprise, stealing will be very weak for the next 3 years , however the UK & the £ will be riding high after 5 years of freedom.
Because of the mess that those socialists are doing to the EU I really thought Brexit was a good idea to the UK... Now I am not so sure... UK was in the best of both worlds: did not adopt the stupid Euro but had free access to the mainland market. My main concern is that the Euro bureaucrats will try to "punish" the UK with no free trade and will screw up themselves too.
Reply With Quote
  #47  
Old 07.10.2016, 19:43
robBob's Avatar
Forum Veteran
 
Join Date: Mar 2012
Location: Zurich
Posts: 537
Groaned at 14 Times in 6 Posts
Thanked 333 Times in 203 Posts
robBob is considered knowledgeablerobBob is considered knowledgeablerobBob is considered knowledgeable
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

This is Friday! Isn't it?
Reply With Quote
  #48  
Old 07.10.2016, 20:14
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 14,170
Groaned at 211 Times in 183 Posts
Thanked 11,516 Times in 6,515 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
Because of the mess that those socialists are doing to the EU I really thought Brexit was a good idea to the UK... Now I am not so sure... UK was in the best of both worlds: did not adopt the stupid Euro but had free access to the mainland market. My main concern is that the Euro bureaucrats will try to "punish" the UK with no free trade and will screw up themselves too.
I am quite happy with a no trade agreement if that's what has to happen for the EU to kill itself.
Reply With Quote
The following 4 users would like to thank fatmanfilms for this useful post:
This user groans at fatmanfilms for this post:
  #49  
Old 07.10.2016, 20:19
JagWaugh's Avatar
Forum Legend
 
Join Date: Apr 2009
Location: Eglisau
Posts: 4,381
Groaned at 32 Times in 31 Posts
Thanked 7,969 Times in 3,196 Posts
JagWaugh has a reputation beyond reputeJagWaugh has a reputation beyond reputeJagWaugh has a reputation beyond reputeJagWaugh has a reputation beyond reputeJagWaugh has a reputation beyond reputeJagWaugh has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

For the moment it makes British classic car parts less expensive. (I know, I really should get a life.)
Reply With Quote
This user would like to thank JagWaugh for this useful post:
  #50  
Old 07.10.2016, 21:41
HIAO's Avatar
Forum Veteran
 
Join Date: Jun 2011
Location: Bellevue
Posts: 699
Groaned at 1 Time in 1 Post
Thanked 1,661 Times in 441 Posts
HIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond reputeHIAO has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...



In other news, first images released of design for new £1 coin.
Reply With Quote
The following 3 users would like to thank HIAO for this useful post:
  #51  
Old 07.10.2016, 21:58
Forum Veteran
 
Join Date: Mar 2011
Location: Zürich
Posts: 828
Groaned at 100 Times in 65 Posts
Thanked 1,385 Times in 631 Posts
TobiasM has a reputation beyond reputeTobiasM has a reputation beyond reputeTobiasM has a reputation beyond reputeTobiasM has a reputation beyond reputeTobiasM has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
For the moment it makes British classic car parts less expensive. (I know, I really should get a life.)
Well thats about the size of the British Automobile industry these days a few small factories building replacement parts for peoples old Austin Healys or Robin Reliants.

Ha, you have to laugh at the feckwits who voted out, they have stitched everybody up including themselves. I don't think the pound will be strong again for a very long time or ever as Britain doesn't really have a great deal to offer the world anymore.

Funny thing is the Brexiters thought if they left the EU they would be dictating the terms of business, but actually its quite the opposite. It will affect Switzerland too as there isn't going to be any more niceties to those that chose to stay out in the first place. Nationalism is a sick thing.
Reply With Quote
This user would like to thank TobiasM for this useful post:
  #52  
Old 07.10.2016, 23:30
Forum Veteran
 
Join Date: Nov 2015
Location: Küsnacht, Switzerland
Posts: 1,217
Groaned at 52 Times in 48 Posts
Thanked 3,177 Times in 1,448 Posts
Blueangel has a reputation beyond reputeBlueangel has a reputation beyond reputeBlueangel has a reputation beyond reputeBlueangel has a reputation beyond reputeBlueangel has a reputation beyond reputeBlueangel has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
The pound has endured a temporary collapse in value to new 31-year lows, sparking market chaos and a Bank of England probe.


Having traded as low as $1.26 to the dollar on Thursday it slumped to $1.18 within minutes during Asian trading - hitting $1.14 briefly at one stage according to Thomson Reuters - a fall of up to 9%.


But official market charts did not measure the lowest figure because trades were later cancelled, the data provider said.


It settled at $1.24 before slipping to $1.22 when US traders returned to the market in late-morning European trading.


The volatility also saw sterling slip to €1.11.
http://news.sky.com/story/flash-cras...stery-10608056
Reply With Quote
  #53  
Old 07.10.2016, 23:35
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Zürich
Posts: 7,667
Groaned at 175 Times in 150 Posts
Thanked 9,403 Times in 5,130 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Currently CHF 1.21.
Reply With Quote
  #54  
Old 07.10.2016, 23:46
PanFastic's Avatar
Senior Member
 
Join Date: Nov 2013
Location: Zug
Posts: 284
Groaned at 8 Times in 5 Posts
Thanked 200 Times in 96 Posts
PanFastic is considered knowledgeablePanFastic is considered knowledgeablePanFastic is considered knowledgeable
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Paraphrasing "The Washington Post"

Theresa May bragged about Britain being world’s 5th-largest economy. After her speech, it dropped to 6th.

This hurts more and more, to some of us...
Reply With Quote
The following 2 users would like to thank PanFastic for this useful post:
  #55  
Old 07.10.2016, 23:48
adrianlondon's Avatar
Forum Legend
 
Join Date: Nov 2009
Location: Basel
Posts: 8,936
Groaned at 190 Times in 173 Posts
Thanked 24,774 Times in 6,649 Posts
adrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond reputeadrianlondon has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

I've just explained to someone in London that the maximum unemployment benefit here (RAV) is now equivalent to an £80k salary.
Reply With Quote
The following 8 users would like to thank adrianlondon for this useful post:
  #56  
Old 08.10.2016, 00:04
slammer's Avatar
Forum Legend
 
Join Date: Jul 2009
Location: Lummerland
Posts: 3,779
Groaned at 80 Times in 59 Posts
Thanked 5,999 Times in 2,223 Posts
slammer has a reputation beyond reputeslammer has a reputation beyond reputeslammer has a reputation beyond reputeslammer has a reputation beyond reputeslammer has a reputation beyond reputeslammer has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
I've just explained to someone in London that the maximum unemployment benefit here (RAV) is now equivalent to an £80k salary.
How did that work out?
Reply With Quote
  #57  
Old 08.10.2016, 00:25
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 14,170
Groaned at 211 Times in 183 Posts
Thanked 11,516 Times in 6,515 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
I've just explained to someone in London that the maximum unemployment benefit here (RAV) is now equivalent to an £80k salary.
If you have children it's even more
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #58  
Old 08.10.2016, 01:33
Forum Veteran
 
Join Date: Mar 2013
Location: Formerly in Neuchatel
Posts: 2,427
Groaned at 220 Times in 151 Posts
Thanked 4,098 Times in 1,611 Posts
porsch1909 has a reputation beyond reputeporsch1909 has a reputation beyond reputeporsch1909 has a reputation beyond reputeporsch1909 has a reputation beyond reputeporsch1909 has a reputation beyond reputeporsch1909 has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post


In other news, first images released of design for new £1 coin.
So a 20p is worth £1 now? Means I'm rich!
Reply With Quote
  #59  
Old 08.10.2016, 04:12
JoeUK's Avatar
Senior Member
 
Join Date: Aug 2009
Location: Zurich
Posts: 403
Groaned at 21 Times in 19 Posts
Thanked 528 Times in 283 Posts
JoeUK is considered knowledgeableJoeUK is considered knowledgeableJoeUK is considered knowledgeable
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
In IT in 1999 day rates were CHF 1200 for anyone with a pulse, many of those people would dream of CHF 600 today. The rate in GBP of course has not changed very much.
So just before Y2K... I was back in London on 4 figures a day back then. You probably picked just about the worst date to compare to. The UK rates have changed a lot since then also.
Reply With Quote
  #60  
Old 08.10.2016, 09:11
JagWaugh's Avatar
Forum Legend
 
Join Date: Apr 2009
Location: Eglisau
Posts: 4,381
Groaned at 32 Times in 31 Posts
Thanked 7,969 Times in 3,196 Posts
JagWaugh has a reputation beyond reputeJagWaugh has a reputation beyond reputeJagWaugh has a reputation beyond reputeJagWaugh has a reputation beyond reputeJagWaugh has a reputation beyond reputeJagWaugh has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
Well thats about the size of the British Automobile industry these days a few small factories building replacement parts for peoples old Austin Healys or Robin Reliants.

Ha, you have to laugh at the feckwits who voted out, they have stitched everybody up including themselves. I don't think the pound will be strong again for a very long time or ever as Britain doesn't really have a great deal to offer the world anymore.

Funny thing is the Brexiters thought if they left the EU they would be dictating the terms of business, but actually its quite the opposite. It will affect Switzerland too as there isn't going to be any more niceties to those that chose to stay out in the first place. Nationalism is a sick thing.
I don't laugh at those who voted out any more than those who voted stay. If anything I laughed at the feckless ones who thought "out" would have no immediate, transitional, or long term negative effects, the same as I laughed at the stay voters who seem(ed) to want to refuse to recognise what appears to have been a properly counted democratic vote.

I don't know what the long term consequences of Brexit will be. I suspect that they will be a mixture of good and bad. At issue is how the good and the bad concentrates on any one subgroup of British society. Membership in the EU didn't affect the distribution of consequences as far as I can tell, I suspect non membership will affect it in just about the same way with one possible exception: Post Brexit politicians will not be able to stand aside and imply or let people think that their woes are the result of some outside group interfering in the nation's affairs. In that sense nationalism is not really that sick a thing, insofar as it says "As a group we are responsible for our own fate, and if we falter it is because some of us have gained enough power to lead us down a false path.".

Hopefully Brexit will turn out to reduce the prevalence of positions which start from "We are unhappy and it is someone else's fault, and there is nothing we can do about it without extreme measures." Even when this belief is true it generally doesn't help bring about positive change, because, amongst other things, it can lead to a particularly sick and dangerous kind of nationalism.
__________________
If everyone you know agrees with you consistently, they are either not listening, or not capable of critical thought.
Reply With Quote
The following 6 users would like to thank JagWaugh for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sterling to CHF Exchange Rate Deep Purple Finance/banking/taxation 258 25.02.2016 01:51
Fixing my CHF-GBP exchange rate Enohzee Finance/banking/taxation 10 21.01.2016 22:10
Rip-off CHF/EUR exchange rate at UBS fabio Finance/banking/taxation 19 09.04.2010 18:21
Exchange to euros: is now the best moment? espinchi Finance/banking/taxation 15 29.10.2008 21:00
Exchange rate CHF - EUR: where is the best rate in Basel? jttraveller Finance/banking/taxation 3 02.07.2008 12:47


All times are GMT +2. The time now is 12:18.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0