Discussion
sherbertdip said:
The pound keeps nudging up against the Euro, currently sitting at 1.285 ish. How high can it go?
I don't see it rising above 1.30Euro, due to export from UK becoming too expensive for Euro zone.
Anybody else thing otherwise and why?
As long as our economy performs 'better' than the euro zone then the £ will gain against the Euro - that's after all one of the main points of agreed exchange rates it allows a weaker economy to sell goods to a stronger one and export itself back to health.I don't see it rising above 1.30Euro, due to export from UK becoming too expensive for Euro zone.
Anybody else thing otherwise and why?
sherbertdip said:
The pound keeps nudging up against the Euro, currently sitting at 1.285 ish. How high can it go?
I don't see it rising above 1.30Euro, due to export from UK becoming too expensive for Euro zone.
Anybody else thing otherwise and why?
It's not really about the Pound rising, but the Euro falling. Sterling is only slightly stronger against the Dollar in the last 12 months, but the Euro is significantly weaker against it. I don't see it rising above 1.30Euro, due to export from UK becoming too expensive for Euro zone.
Anybody else thing otherwise and why?
The Eurozone needs to fall to make Europe competitive again, but with so many basket case economies there, all it will do is allow Germany to sell more premium cars. On the other hand, it provides the UK with more motivation to export more outside of the Eurozone. Diversifying away from Europe is a wise move at the moment IMO, and not just because my job involves exporting outside of Europe.
I guess the 1.30 "barrier" is in my head.
I have ordered something from a Dutch company, the delivery date is end of February, i don't have to pay for it until then, but i can pay earlier, so it is really how long does my nerve hold watching the exchange rate because i obviously want to save as much money as possible.
I have ordered something from a Dutch company, the delivery date is end of February, i don't have to pay for it until then, but i can pay earlier, so it is really how long does my nerve hold watching the exchange rate because i obviously want to save as much money as possible.
Expect market resistance at 1.30 for sure, if it goes past that things will be interesting...
Personally I think it depends on the autumn budget, markets are pricing in an interest rate rise too...
Depends how much you are spending in Holland but unless its tens of thousands I would mt worry, currently at a five year high or near as damn it, I would pull the trigger!
Personally I think it depends on the autumn budget, markets are pricing in an interest rate rise too...
Depends how much you are spending in Holland but unless its tens of thousands I would mt worry, currently at a five year high or near as damn it, I would pull the trigger!
Expect market resistance at 1.30 for sure, if it goes past that things will be interesting...
Personally I think it depends on the autumn budget, markets are pricing in an interest rate rise too...
Depends how much you are spending in Holland but unless its tens of thousands I would mt worry, currently at a five year high or near as damn it, I would pull the trigger!
Personally I think it depends on the autumn budget, markets are pricing in an interest rate rise too...
Depends how much you are spending in Holland but unless its tens of thousands I would mt worry, currently at a five year high or near as damn it, I would pull the trigger!
Personally, you are near as damn it at the five year high, for the money you will gain by it moving a cent and the time you spend staring at charts I would trade tomorrow if you can get 1.28 with no fees you should pat yourself on the back. A three cent shift which is unlikely will generate the hardest won couple of hundred quid ever.
It's amazing how many people drive themselvesx mad staring at charts for little real gain, everyone remembers euro at 1.50 but forgets parity... If you can get 1.28 that's awesome, anything over 1.25 is good going in the last few years.
It's amazing how many people drive themselvesx mad staring at charts for little real gain, everyone remembers euro at 1.50 but forgets parity... If you can get 1.28 that's awesome, anything over 1.25 is good going in the last few years.
Digga said:
RIDA76 said:
everyone remembers euro at 1.50 but forgets parity...
Word.Borghetto said:
Digga said:
RIDA76 said:
everyone remembers euro at 1.50 but forgets parity...
Word.TBF, I can't remember, but it was probably yet another of those cases where only banks and the super rich ever got in on the ground floor. Again.
http://www.independent.co.uk/news/launch-of-the-eu...
Borghetto said:
I don't remember seeing parity on the fx markets, but can remember forgetting to buy any euros before a trip to France and being offered only parity by those robbing b's at the Bureau de Change at Nice airport.
AFAIK the lowest rate around the end of 2008 was 1.0444 Take off their cash spread and you were "lucky" to get parity
Chris Type R said:
Wills2 said:
It has been as high as 1.64-7
IIRC on a Thomson flight back from Menorca recently they were still using 1.6 on-board if you chose to pay in Euros.Ten year high is about 1.52 and low of 1.02 ( so close to parity) on mid point...
So OP lost about a cent today and with the next resistance at 1.27 downwards who knows we're it could go .... Probably hit another resistance around 24.... I wonder if they traded?
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