Pound Sterling (GBP)

As of 13:40 26 Aug 2022

Price (€)Euros

1.1820

Pound Sterling (GBP) and Euro and US Dollar.

As of 13:40 26 Aug 2022

15 min delay

Today’s data summary

Source: Morningstar GBP/EUR GBP/USD GBP/JPY 

% change

-0.03%

Price ($)US dollars

1.1820

Boasting today as previously predicted several years ago Pound parity of Euro and US Dollar values today at 1.1820. What did I hear say about a Global currency ?

What next then ?

The US Dollar will strengthen from here which is very worrying as they carry the biggest national deficit yet all major commodities are priced in US Dollars.

Does it matter one hoot ?

Only if you haven’t got any dollars.

However the Pound is melting away and before our very eyes losing around 18% per annum of its buying power. Meantime 20 million Americans are behind paying their electric bills so shortly it won’t be looking so bright from the European Space Station and once the Moon landings happen again then Space Station will get binned.

Nothing lasts forever. Scary stuff but change is an inevitable.

Is there any hope ?

Yes. Read Matthew 6 v 20

But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal.