Euro/GBP forecasts for 2016

[The_Doc]

Euro 1.357 against GBP

anyone think it will get back to 1.40 in Q1?

anyone think we'll see 1.130?

discuss (for free )

[The original Nick the Greek]

The_Doc said:

Euro 1.357 against GBP

anyone think it will get back to 1.40 in Q1?

anyone think we'll see 1.130?

discuss (for free )

There is no likleyhood of an interested rate rise in the near future within the eurozone. Indeed QE will continue throughout 2016.

In the UK there is likley to be a 25 basis point rise in base at sometime in 2016.

Given that the FOREX markets have already priced in all of the above, significant movement from the current £ - € exchange rate this year is unlikely.

[The_Doc]

That's great ?Nick, I have some Eu2-5k bills to pay in the next 6 months and I'd love to pay them at 1.45 Eu/GBP rather than 1.30.

Hardly market shaking stuff, but I reckon there's £400 in it on that spread, which is a nice meal out and hotel stay for me and the misses
( Viz: http://www.brimstonehotel.co.uk/rooms/spasuite.htm... )

anyone else care to share their thoughts....

[ringram]

I would have expected the euro to strengthen a tad against the UKP.

euro consumer sentiment on the up, general numbers on the up.

Uk numbers probably heading down due to idiocy with austerity etc

Still as above, the market prices some of this in.

[The original Nick the Greek]

ringram said:

I would have expected the euro to strengthen a tad against the UKP.

euro consumer sentiment on the up, general numbers on the up.

Uk numbers probably heading down due to idiocy with austerity etc

Still as above, the market prices some of this in.

Austerity?

Oh, you mean living within your means!

Austerity is a myth.

Central government spending is far higher now than it was in 2010.

[sidicks]

The original Nick the Greek said:

Austerity?

Oh, you mean living within your means!

Austerity is a myth.

Central government spending is far higher now than it was in 2010.

And still borrowing £80bn or so per annum, so not even close to living within our means!

[The original Nick the Greek]

sidicks said:

And still borrowing £80bn or so per annum, so not even close to living within our means!

Agreed.

But when the last Labour administration left a deficit of £156 billion pa (an all time record) it was never going to be easy, or a quick process, to recover from Labour's economic vandalism.

[sidicks]

The original Nick the Greek said:

Agreed.

But when the last Labour administration left a deficit of £156 billion pa (an all time record) it was never going to be easy, or a quick process, to recover from Labour's economic vandalism.

[rdjohn]

The_Doc said:

Euro 1.357 against GBP

anyone think it will get back to 1.40 in Q1?

anyone think we'll see 1.130?

discuss (for free )

With a fair wind, we may see 1:30 €/£ tomorrow. 6 weeks is a long time with Brexit potentially on the way.

[The_Doc]

What will a Brexit do to £/€ ?

Bad I take it, weaker pound

[marky1]

The_Doc said:

What will a Brexit do to £/€ ?

Bad I take it, weaker pound

If we get a Brexit I would guess <1.20

[Ozzie Osmond]

Brexit is lunacy and the rest of the world knows it. Hence pound will take a battering at least until the Referendum - and afterwards as well if the voters get it wrong. Hopefully they won't.

[Ozzie Osmond]

The original Nick the Greek said:

Austerity is a myth.

Yes. It's extraordinary how the BBC and other muppets keep trotting out the word.

[ellroy]

Spot getting close to 1.27, be interesting to see where it would be without ECB QE...