EUR to GBP - Pay for goods now or in November?

[Deleted User]

Hi,

If you had the choice to pay for goods from Germany in Euros now or in November what would you do?

EUR to GBP graph: http://www.ecb.int/stats/exchange/eurofxref/html/eurofxref-graph-gbp.en.html (I appreciate this isn't the exact rate I'll get)

Thanks

Exocet

I think the flux of the planets is likely to be in greate equilibrium in November. As Saturn rises through Venus it is clear that greater wealth will be coming your way. You may feel like a romantic movement, or perhaps celebrating a new success. While friends may caution against sudden investment decisions do not put off what you feel, you are strong enough to make your own choices. As a Sagittarian you will probably find solace in Sepetember but by then the exhange rate may have shifted.

[Deleted User]

Educated guesses were all I was after...

1984ReturnsForReal_2

Deleted_User wrote: »

Educated guesses were all I was after...

My educated guess is the Euro gains strength against the pound as investment heads to Germany & France. Greece & Spains' effect on the Euro is pretty much over as their economies have already been deducted.

So the only question is what is going to happen to our economy over the next 3 months.....

I know where I am with that one. Its just whether & at what rate it falls within the 3 months or not.






However, I must warn you, some of my education was spent watching Neighbours around a mates house or at a pretty girls called Alison....

Better than Latin & Stats any day.......

[Deleted User]

Anyone else care to wear Mystic Meg's hat for a minute or two and explain their thoughts on this subject?

Generali

I'd lock in a rate now. With interest rates so low you shouldn't pay much of a forward premium and that way you know what price you're paying. The alternative you could investigate, depending on how much you're looking at paying, is to buy an option as an insurance policy.

[Deleted User]

Generali wrote: »

depending on how much you're looking at paying, is to buy an option as an insurance policy.

It's peanuts really (although I suppose that's all relative) but we are moneysavingexperts now

Generali

Deleted_User wrote: »

It's peanuts really (although I suppose that's all relative) but we are moneysavingexperts now

You'd need to be looking at EUR20,000 or so minimum to make an option work. That's a lot of peanuts!

Given all the turmoil around, I'd lock in a price today personally. That might be a gain or a loss in the end, there's no way of knowing. The apparent strength of the German economy might lead to the ECB increasing rates at some point I suppose leading to a stronger EUR.
I doubt it'll happen before November but you never know.

[Deleted User]

Generali - locked in the price at the time, .83p and as you can see here, it went one way and one way only, quite drastically really increasing to 0.89p a week ago. So thank you!

Loughton_Monkey

Deleted_User wrote: »

Generali - locked in the price at the time, .83p and as you can see here, it went one way and one way only, quite drastically really increasing to 0.89p a week ago. So thank you!

Bet he wished he'd done it for real!

PasturesNew

If I was worried about something like this - and if I could pay half now, half then, I'd do that.

e.g. if it'd cost you £8 now .... and at the end it costs you £10 or £6, then paying half now and half then means you pay either
£4+£5=£9, or, £4+£3=£7.