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Thread: UK Cammers & the dollar vs the pound.

  1. #1
    Featured Member Incantatious's Avatar
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    Default UK Cammers & the dollar vs the pound.

    In Nov 2012, £1000 GBP was $1587 USD. Today, £1000 GBP is $1672 USD.

    I wonder how this year will see the dollar, and if things get better for us UK performers in terms of the difference! Anyone have any ideas about how this year will pan out? Melonie, I'm curious as to your thoughts!




  2. #2
    Banned Melonie's Avatar
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    Default Re: UK Cammers & the dollar vs the pound.

    ^^^ there are way too many variables in that equation to do any more than guess. But here are a few guesses ...

    - if the US FED continues to 'taper' its rate of 'money printing' this tends to strengthen the US dollar's 'purchasing power' ... with an associated relative drop in other currencies vs the US dollar.

    - conflicts around the world tend to draw international 'hot money' into the US dollar as a 'safe haven' ... with a relative drop in other currencies vs the US dollar.

    - Russia and China are collectively 'sitting on' trillions of dollars of US treasury bonds, and are also growing increasingly 'unhappy' with the USA. If Russia and China were to decide to suddenly start selling the US treasury bonds they already own, it would weaken the US dollar ... with a relative rise in other currencies vs the US dollar.

    - Similarly, the USA has a lot of economic leverage over the UK. With the UK officially refusing to join the USA's economic sanction effort against Russia over the Crimea, it's not impossible that behind the scenes fallout could cause the UK pound to drop.

    - Independently, certain pundits ( including famous billionaire investor George Soros ) are already speculating that the UK economic 'recovery' is ending. If this becomes more 'obvious' via independent measures i.e. UK unemployment rates, UK gov't debt growth rates, UK business profits etc., the 'purchasing power' of the UK pound is likely to drop ... with a relative rise in other currencies including the US dollar.

    - Similarly, certain pundits are speculating that the US economic 'recovery' is actually bogus. If this becomes more 'obvious' via independent measures, the 'purchasing power' of the US dollar is likely to drop ... with a relative rise in other currencies including the UK pound.

    iMHO there simply isn't enough glass cleaner available to wipe the fog from this 'crystal ball'.

    Also note that the way the UK pound vs US dollar exchange rate is normally stated in financial media is 'backward' compared to the Euro, the Yen, the Ruble etc. As such, a 'falling' UK pound means fewer UK pounds equaling the same number of US dollars ... thus a UK based camgirl receiving fewer UK pounds in exchange for the same amount of US dollar denominated paid webcam earnings.
    Last edited by Melonie; 03-06-2014 at 11:01 AM.

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