Discussion
I made the right decision changing mine up a couple of days ago I reckon....
http://news.bbc.co.uk/news/business/market_data/cu...
http://news.bbc.co.uk/news/business/market_data/cu...
Edited by bazking69 on Friday 7th May 11:46
theboymoon said:
Rocksteadyeddie said:
You missed it. 1.1850 first thing this morning. 1.1470 now...
ballsDoes anyone know what the longer term thoughts are £/E with the election result?
Moon
I'd expect it to depend on (a) how much of a balls-up our politicians can make of forming the next government; and (b) how quickly they cut spending and thus make UK plc more attractive than the Euro-zone. If Greece sorts itself out quicker than we can, then the £/€ rate is going nowhere. If we can get firm government and a handle on public spending quickly, then it'll go back up.
havoc said:
I'd expect it to depend on (a) how much of a balls-up our politicians can make of forming the next government; and (b) how quickly they cut spending and thus make UK plc more attractive than the Euro-zone. If Greece sorts itself out quicker than we can, then the £/€ rate is going nowhere. If we can get firm government and a handle on public spending quickly, then it'll go back up.
that make sense to me. So what we need to do is trust our lot to get it together faster than their lot?
oh dear.
smifffymoto said:
I changed yesterday at 1.178,the highest it has been for along time.I have watched the rates for a couple of weeks and took the plunge,better the devil you know.
You probably did the right thing.I need to chat to the wife later, and decide whether to hedge* ourselves today against this summer's holiday in case the rate gets worse, or just sit and hope now we've missed this peak...
* Oh god, just listen to me..."hedge against our holiday" - WTF?!? Please shoot me now...
havoc said:
theboymoon said:
Rocksteadyeddie said:
You missed it. 1.1850 first thing this morning. 1.1470 now...
ballsDoes anyone know what the longer term thoughts are £/E with the election result?
Moon
I'd expect it to depend on (a) how much of a balls-up our politicians can make of forming the next government; and (b) how quickly they cut spending and thus make UK plc more attractive than the Euro-zone. If Greece sorts itself out quicker than we can, then the £/€ rate is going nowhere. If we can get firm government and a handle on public spending quickly, then it'll go back up.

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