Mighty Euro back up above 50 again - Almost on parity to Sterling now!

[The_Munchmaster]

RBS announced 20B pound loss on Monday and the UK taxpayer now owns 70% of that company....

Actually I think the taxpayer (the Government) already owned 70% of RBS.

 

[HeartThais]

Actually I think the taxpayer (the Government) already owned 70% of RBS.

 

The government announced their intention to increase their holding from 58% to 70% on Sunday and RBS reported the massive loss on Monday morning so they were related. RBS had the option of keeping the ownership at 58% by agreeing to continue making 12% dividend payments on preferred shares but opted to sell their stake instead. There would be some funny meetings on Monday if the swap had been agreed to without the government knowing about their impending loss announcement.

[The_Munchmaster]

I stand corrected. :thumbup:

[Lusty]

£1=49bht.

Recovered a bit from earlier.

Soon,even the Cambodians won't except the UK pound!

[Torneyboy]

Better than our crap dollar ...19thb today , i got that in 1997

[Central Scrutinizer]

Before or after the Thai baht crash!!

[Mentors]

cash: Swiss Franc 32.10 Baht at Chrismas, only 29.50 today

 

[Torneyboy]

Before or after the Thai baht crash!!

 

 

May 97 ..went again in July 97 got 21 from memory...pathetic today

[Mentors]

CHF:

1987: 18 Baht

1992: 24 Baht

1997: 37 Baht

2001: 26 Baht

2006: 31 Baht

2008: 30 Baht

2009: ?

 

[Torneyboy]

Wish we could get 30