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Debate House Prices
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I don't understand...
slopemaster
Posts: 1,584 Forumite
Why aren't euros cheap in view of all this talk of crisis?
(Especially as interest rates on euros are still low.)
(Especially as interest rates on euros are still low.)
0
Comments
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Compared to what?0
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Exchange rates - compared to sterling.
Interest rates compared to, say sterling interest rates on Black Wednesday0 -
Just look at amount of support that sterling has had since 2008.
QE , SLS, SGS, equity capital invested in the banks, loans to NRAM. All of which have devalued the currency.
Europe is only just playing the same game.0 -
Thrugelmir wrote: »Compared to what?
It hasn't dropped that much against anything. Even outperforming gold in the last couple of months.0 -
I would just like to be able to buy some euros cheap!
In my head 1,5 euros still = £10 -
Maybe things are not quite as bad as the ever so sensationalistic media make out?Be careful who you open up to. Today it's ears, tomorrow it's mouth.0
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I'm expecting Stirling to stage a partial recovery next year. Not to the 1.5 euros level but maybe 1.25 and 1.75 for USD.0
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Why? (do you think that)0
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Because, to be blunt, everyone else is more fekked than even we are. They havent started deficit reduction propertly yet meaning we are ahead of the curve.0
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In answer to the original question, it's because the UK & US economies aren't that much better than the Eurozone. Not only that but a Euro-collapse would stuff the US & UK economies too so to an extent they're in the same boat.
Regarding other currencies, for example China, they are keeping their currency artificially devalued to avoid losing tons on their US debt. The US is quite annoyed about it..0
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