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costakid
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Re: £

Postby costakid » Thu Jan 22, 2015 8:10 pm

I was told by a friend in the city it may go 1.40 within 3 months. I said your mad but i also said that when he said in October that it will soon be 1.30

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Re: £

Postby El Cid » Thu Jan 22, 2015 10:23 pm

I said last year that it would make 1.30 by Xmas. I wasn't that far out.

I agree with your friend. 1.40 is the next level to aim for. The Euro is in real trouble and it isn't going to get better for some time. Depending on the Greek election result this weekend 1.35 is imminent.

Let's just remember that it was at 1.77 at its peak during the Euro transition.

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White Horse
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Re: £

Postby White Horse » Fri Jan 23, 2015 8:11 pm

The Euro has been overvalued against sterling, IMO, for many years, it's just sad that the inevitable readjustment has come at a bad time for me. Oh well, swings and roundabouts, as they say. Keep smiling. :thumbup:

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Re: £

Postby anyroads » Sat Jan 24, 2015 3:34 pm

The Euro has been overvalued for years.

Quantitative Easing may help insofar as it may weaken the euro more quickly, and who knows may even stimulate the housing market. The days of 1.77 may never come again. If however 1.40-1.50 happened, those million unsold houses could be a thing of the past.

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Re: £

Postby olive » Sat Jan 24, 2015 4:39 pm

I doubt it somehow.

Where would the million buyers come from? UK? Doubt it. Russia erm no as the rouble is in freefall, Germany, Holland, Scandinavia- no all linked to the Euro. North Americans- possibly. No I think the unsold housing stock is going to be around for tens of years or until a few years after Spain leaves the Euro .

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Re: £

Postby gus » Sun Jan 25, 2015 11:49 pm

Watch it fall now after the Greek result...............good for my hols. :clap:

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Re: £

Postby gina59 » Mon Jan 26, 2015 9:50 am

1.34 this morning.
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Re: £

Postby Enrique » Mon Jan 26, 2015 10:32 am

Hi gina59,

Is that what you got this morning on a transfer.......... :?:

My man is 1.29 -1.30............ :(
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Re: £

Postby peteroldracer » Mon Jan 26, 2015 10:44 am

I will never understand the money markets...even with the Greek election result, the rate is now lower than before after initially going up! Caxton quote 1.33 as mid-market rate at 10.00 today
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Re: £

Postby El Cid » Mon Jan 26, 2015 11:36 am

The rate hasn't changed significantly because the money markets had predicted that result and it was already built into Fridays closing price.

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Re: £

Postby anyroads » Mon Jan 26, 2015 1:14 pm

peteroldracer wrote:I will never understand the money markets...even with the Greek election result, the rate is now lower than before after initially going up! Caxton quote 1.33 as mid-market rate at 10.00 today



You have heard of the expression.

"It is better to travel than to arrive".

Most outcomes are already in the price. Caxton are quoting 1.307 at the moment, for actual purchases.
I can live with that.

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gina59
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Re: £

Postby gina59 » Mon Jan 26, 2015 2:12 pm

Enrique wrote:Hi gina59,

Is that what you got this morning on a transfer.......... :?:

My man is 1.29 -1.30............ :(

No I will be transfering money on thursday so hope it holds up, I use currencyfair and they are normally 1cent under the business rate.
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Re: £

Postby katy » Mon Jan 26, 2015 3:51 pm

The main action is between the Euro and the Dollar which they say could hit parity. I remember the last time the Euro was 1.09 to the Dollar and Spain was booming so it may be a good thing. Make Europe more competitive.

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Re: £

Postby anyroads » Mon Jan 26, 2015 6:17 pm

Ah but that was in the early days of the Euro, when it was eat, drink and be merry, and we are being lent lots of wonga. It is rumoured that train drivers salaries were increased 3 fold in Greece in a few years.

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Re: £

Postby Manchesteral » Mon Jan 26, 2015 7:54 pm

On the face of it the £ is now pretty strong against the Euro, great for us brits travelling abroad but I have sneaking feeling that, in the current finacial climate it's going to be swings and roundabouts, they'll just put up their prices, the Greeks, Spaniards and Italians I mean :(

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Re: £

Postby markwilding » Mon Jan 26, 2015 11:01 pm

Manchesteral wrote:they'll just put up their prices, the Greeks, Spaniards and Italians I mean :(


Can you explain to me why?

The problem of thinking the UK is the centre of the world is you forget that every other country in the Euro would have to pay higher prices in Greece, Spain and Italy including their own people, basically defeating the object.

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Re: £

Postby morlandg » Tue Jan 27, 2015 7:53 am

katy wrote:The main action is between the Euro and the Dollar which they say could hit parity. I remember the last time the Euro was 1.09 to the Dollar and Spain was booming so it may be a good thing. Make Europe more competitive.

Katy - do you mean the dollar will hit parity? If so where is the reference to that? I hope that it is the dollar and that it does reach parity!!

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Buffy
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Re: £

Postby Buffy » Tue Jan 27, 2015 10:24 am

Ref to euro / dollar parity after QE

http://finance.yahoo.com/blogs/talking- ... 25700.html

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Re: £

Postby morlandg » Tue Jan 27, 2015 10:42 am

Thanks Buffy. I misunderstood Katy.

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Re: £

Postby Sandramay » Mon Feb 09, 2015 12:02 pm

Needed some €s, just got 1.3323 from Fairfx , no charges. So, the exchange rate is still on the up :thumbup:
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