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Biker Hang-Out The Biker Cafe' at the end of the Universe. C'mon in, we talk everything about motorcycles on Earth and beyond.

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12-12-2008, 05:21 PM
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#1 (permalink)
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Lifetime Premium
Site Supporter Pole Position Favourite Bike: 04 America. Black, chrome
Join Date: Oct 2005
Location: San Antonio via Minnesota
Posts: 4,026
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Heading to the U.K? Buy some Pounds now..
The British Pound has dropped 25% against the dollar in the last few weeks, down from 2 (2 dollars buys 1 pound) to 1.50.
So, if you're planning a trip, you may want to consider locking in these rates, as they are quite low from a 20 year historical basis. Same goes for the Euro, to a degree.
It seems the world-wide financial kerfuffle has caused a flight towards the dollar and U.S. backed bonds (can you believe T-bills yielding 0%?).
But this to shall pass. I don't think I'm going to head across to Scotland this year, alas, but if I were, I would be locking in these rates.
Just a thought.
(Souvenirs will seem less expensive at the Ace Cafe. The service will still be traditionally surly, however.)
__________________
"And early though the laurel grows
It withers quicker than the rose."
A. E. Housman
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12-12-2008, 06:03 PM
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#2 (permalink)
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Loose Head Administrator
Site Supporter Supernova Favourite Bike: 2011 Tiger 800XC
Join Date: Mar 2008
Location: MN, USA
Posts: 21,419 Other Motorcycle: 2007 Bonneville Big Carbs Extra Motorcycle: G12DL, ZX1100, KLR650
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Not planning it, but it's time to stock up some decent comedy DVD's from over there!
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12-12-2008, 06:23 PM
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#3 (permalink)
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Senior Member
Powerbike
Join Date: Jun 2008
Posts: 382
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In 1987, the pound was actually cheaper than a dollar, think it hit as low as 97 or 98 cents. It was cheaper for me to shop off base (was in the American Forces back then). My rent at the time was 100 quid. Imagine that - rent, rates, and utilities (even though central heat meant a coal fireplace centered on the living room wall) for $98 a month!!!! Stayed that way for a very short time before it started inching back up.
$1.50 is a good rate (for us revolutionaries). Have fun while it lasts, the normal rate is more like $1.75 to $1.85. If it goes lower, I think I would definitely buy some (wish I still had the account at Barclays Bank).
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12-12-2008, 10:20 PM
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#4 (permalink)
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Administrator
Site Supporter Legend Favourite Bike: '98 Triumph Thunderbird
Join Date: Oct 2005
Location: Auckland NZ
Posts: 13,925 Other Motorcycle: '05 Honda CB1300
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It's not so much the pound is cheaper but where the US dollar should be on the world stage, for me I hope it will get stronger. We're an export nation and our returns are measured in US dollars, we'll sell more but our imports and o'seas travel will also cost more.
As I've bought all my expensive items I'm happy to sell more and stay at home !
---------------
Ride on !
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12-12-2008, 10:22 PM
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#5 (permalink)
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Senior Member
Formula Extreme Favourite Bike: Triumph Bonneville T-100
Join Date: Jan 2007
Location: Naples, FL
Posts: 671 Other Motorcycle: 1977 Honda CB400F
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Let's just hope it all gets better so I can buy another bike
__________________
Death or Glory
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12-14-2008, 04:19 PM
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#6 (permalink)
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Senior Member
SuperBike Favourite Bike: 2010 Thruxtonised Bonnie
Join Date: Jul 2008
Location: Glasgow, Scotland
Posts: 1,664 Other Motorcycle: '65 Velo Venom Clubman Extra Motorcycle: 55 T100 racer
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12-15-2008, 01:06 AM
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#7 (permalink)
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Lifetime Premium
Site Supporter Nova Favourite Bike: '03 Daytona 955i
Join Date: Sep 2005
Location: Northern New Mexico, USA
Posts: 17,444
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Sofia, TBAgolfer has been north of Hadrian's little construction project many times. He could lead tours. He gave me a great recommendation for a little book shop in Dornoch, for example.
__________________
I won't stop riding because you tell me about someone who died in an accident, just as I won't stop eating because someone died of e.coli.
HiDesert's ride photos
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12-15-2008, 03:48 AM
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#8 (permalink)
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Senior Member
SuperBike Favourite Bike: 2010 Thruxtonised Bonnie
Join Date: Jul 2008
Location: Glasgow, Scotland
Posts: 1,664 Other Motorcycle: '65 Velo Venom Clubman Extra Motorcycle: 55 T100 racer
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Scotland needs as many free spending Americans as it can get. It is finally becoming affordable after years of being over priced and suffering from the same surly service as the Ace Cafe.
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12-15-2008, 10:32 AM
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#9 (permalink)
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Senior Member
Formula Extreme Favourite Bike: '08 Bonneville efi
Join Date: Oct 2007
Location: North Co. Dublin, Ireland
Posts: 430
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....or you could go one better and ride a bonnie around the lovely famous Lake District with
http://www.thelakesescape.com/thelak...e/Welcome.html
As for the strength of currency, theirs talk that the euro will match the pound in the new year!!
We were lucky when we visited the West Coast (SFO & Seattle) in June, we bought @ $1.58/€, now it's roughly £1.30
__________________
Hup outta dat
Last edited by Nodster; 12-15-2008 at 10:39 AM.
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12-15-2008, 11:34 AM
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#10 (permalink)
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Lifetime Premium
Site Supporter Pole Position Favourite Bike: 04 America. Black, chrome
Join Date: Oct 2005
Location: San Antonio via Minnesota
Posts: 4,026
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Sofia-
My good pal HiDesert is right. I've been across to Scotland 12 or 13 times over the last 20 years- golf pilgrimages. I've played around 70 different courses, and am blessed to be a member of Royal Dornoch.
In spite of the lower pound, this year is a no go for me, unless I either get a new job (ugh) or the financial markets make a huge rebound (even less likely). Scotland, especially the Highlands, are indeed 'heaven on earth.'
__________________
"And early though the laurel grows
It withers quicker than the rose."
A. E. Housman
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