Euros to buy or not to buy
Discussion
There is likely to be quite a bit of bad financial news coming out of Europe IMO over the next few months (years).
If Greece gets any concessions on it's debt then Spain, Italy, etc. will want something similar.
The quantative easing may have to happen more than once.
The strength of economies of all the countries in the Euro range considerably, but the poorer ones are dragging the stronger economies down. If the weaker economies had their own currency they would have devalued it. As it is the money they owe is dragging the Euro down as countries like Germany are unlikely to be repaid any time soon.
Right, after all that guff, you might guess that the Euro will weaken further.
What the £ will do - god knows. If Labour get in at the election I suspect it will fall too.
If Greece gets any concessions on it's debt then Spain, Italy, etc. will want something similar.
The quantative easing may have to happen more than once.
The strength of economies of all the countries in the Euro range considerably, but the poorer ones are dragging the stronger economies down. If the weaker economies had their own currency they would have devalued it. As it is the money they owe is dragging the Euro down as countries like Germany are unlikely to be repaid any time soon.
Right, after all that guff, you might guess that the Euro will weaken further.
What the £ will do - god knows. If Labour get in at the election I suspect it will fall too.
As you would expect from where this is posted (Le Mans) I am not interested now past June this year !
Maybe buy half what I need now and see what the rates do going forward - I agree the Euro might well weaken further but then the Pound is another factor, cant see it strengthen much with an election in the offing and if Labour look like having any success it will probably go through the floor.
So many factors affect the exchange rates - I guess that is why I am not an FX trader.
Bob
Maybe buy half what I need now and see what the rates do going forward - I agree the Euro might well weaken further but then the Pound is another factor, cant see it strengthen much with an election in the offing and if Labour look like having any success it will probably go through the floor.
So many factors affect the exchange rates - I guess that is why I am not an FX trader.
Bob
QE is forcing the Euro down. Interests rates will be low as banks don't to have go to lenders for capital as the Central Banks give it to you for free. Thus investors don't want to hold € and thus the exchange rate drops. QE in the Eurozone is here for the foreseeable future so it is very likely that the ££ will be strong - unfortunately harming exports from the UK to the already weak Eurozone. End of lesson... this is after all the Le Mans thread
Edited by Great Dane on Thursday 12th February 23:27
gt6 said:
fatboy18 said:
r, you are talking about Le mans, the ACO will increase beer prices accordingly, that you can be rest assured of 
What? is that just for the brit's, remember the brits only make up about 20% of the attendance
Corbeliere said:
It's currently at 1.3788 to the £.
In France I mainly use my debit or credit cards as it gives the full interbank rate. Much better than paying to cash IMO.
I have recently started using a Euro card from FairFX one of the cash brokers, works really well and there are no fees. Small fee if you take money out of an ATM I think. But no transaction fees from the bank which saves quite a lot if you use your credit card regularly.In France I mainly use my debit or credit cards as it gives the full interbank rate. Much better than paying to cash IMO.
>Martini...LB
tumble dryer said:
I see it kinda like should I fill my car up today, or wait till tomorrow when the price will have dropped another penny a litre...
You pays your money and takes your chance.
If you think prices are on the slide then half fill, if you think they are on the rise then brim it... You pays your money and takes your chance.
Oh dear oh dear boys! It is a lovely game, and we all want the best, but filling your tank at 1p per litre less saves 60p. Now that is a life-changing sum of course, but no one has mentioned that with the exchange rate as it is diesel is now the equivalent of 86p per litre in France, and that could save you about £18. Enough for nearly four pints!
One the basis of exchanging £500, this week you would have lost about £10 as the pound peaked at 1.42 and slumped to 1.40 at the end of the week. And that depends on using proper Forex, not the Post Office or your rip-off local bank. So sleep soundly lads. Le Mans awaits you with its claws bared, beer prices and food will rise inevitably (except for us locals) the
s will have a field day, and we'll all moan about it afterwards. Then we'll look forward to doing it all over again next year!
ETA:- not wishing to start another thread, but unless I've missed something I find no note of the PH Service at the Porsche Curves roundabout. Has this disappeared with Garlic and others now that Speed no longer Matters?
One the basis of exchanging £500, this week you would have lost about £10 as the pound peaked at 1.42 and slumped to 1.40 at the end of the week. And that depends on using proper Forex, not the Post Office or your rip-off local bank. So sleep soundly lads. Le Mans awaits you with its claws bared, beer prices and food will rise inevitably (except for us locals) the
s will have a field day, and we'll all moan about it afterwards. Then we'll look forward to doing it all over again next year!ETA:- not wishing to start another thread, but unless I've missed something I find no note of the PH Service at the Porsche Curves roundabout. Has this disappeared with Garlic and others now that Speed no longer Matters?
Edited by lowdrag on Saturday 14th March 09:55
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