£
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- Andalucia Guru
- Posts: 16058
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Re: £
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.
Sid
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.
Sid
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- Andalucia Guru
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Re: £
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.
anyroads
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.
anyroads
Re: £
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 .
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 .
- peteroldracer
- Andalucia Guru
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Re: £
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
I used to cough to disguise a [email protected] I f@rt to disguise a cough.
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- Andalucia Guru
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Re: £
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.
anyroads
Re: £
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.Enrique wrote:Hi gina59,
Is that what you got this morning on a transfer..........
My man is 1.29 -1.30............
My spelling is Wobbly. It's good spelling but it Wobbles, and the letters get in the wrong places.
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- Andalucia Guru
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Re: £
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.
anyroads
anyroads
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- Resident
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Re: £
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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- Andalucia Guru
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Re: £
Can you explain to me why?Manchesteral wrote:they'll just put up their prices, the Greeks, Spaniards and Italians I mean
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.
Re: £
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!!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.
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