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£ can only go up against €
2010
Posts: 5,545 Forumite
With all the upheaval with the euro and trouble in Spain, Ireland, Portugal and Greece do you agree the pound can only go upwards from now on?
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Comments
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No. Unless you have a crystal ball and can really see into the future.0
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scottishperson2 wrote: »Unless you have a crystal ball and can really see into the future.
I happen to have one, and this is what I see: :eek:
On 1 January 1014, £1 will buy .....
Going where the Zim dollar went.....:(0 -
yippppeeeeeeeeeeeeeeeeeeee!0
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I do not want to miss this offer. What calendar are you using?travellingbum wrote: »I happen to have one, and this is what I see: :eek:
On 1 January 1014, £1 will buy .....
Going where the Zim dollar went.....:(0 -
My crystal ball is always correct. Occasionally it gets the year wrong. A bit unpredictable, just like my missus.:p0
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Do what the pros do, toss a coin, 50% chance of being right, and if your wrong who cares, as its not your money.0
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Anyone who can predict the direction of the markets won't be reading MSE. They'll be too busy drinking cocktails and admiring the sunset from their private yacht.With all the upheaval with the euro and trouble in Spain, Ireland, Portugal and Greece do you agree the pound can only go upwards from now on?0 -
Anyone who can predict the direction of the markets won't be reading MSE. They'll be too busy drinking cocktails and admiring the sunset from their private yacht.
I don`t think it`s a question of predicting anything.
Since the £ slumped to parity it`s gradually rose to 1.22 (FE rate) with all the turmoil in €land.
So it seems unlikely that it will suddenly slump as no permanent solution has been forthcoming from Europe to deal with the crisis.
1.22/1.25 seems a reasonable range for it to be in the way things are at the moment.
I`m talking from the view of Joe Public not foreign exchange gambling dens.0
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