£ can only go up against €

2010

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?

scottishperson2

No. Unless you have a crystal ball and can really see into the future.

[Deleted User]

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.....:(

melb

yippppeeeeeeeeeeeeeeeeeeee!

bcl999

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.....:(

I do not want to miss this offer. What calendar are you using?

[Deleted User]

My crystal ball is always correct. Occasionally it gets the year wrong. A bit unpredictable, just like my missus.:p

scottishperson2

Do what the pros do, toss a coin, 50% chance of being right, and if your wrong who cares, as its not your money.

BOBS

still think i will hold off a few weeks before getting this years holiday money - now close to 600 euro for my £500......

zagfles

2010 wrote: »

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?

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.

2010

zagfles wrote: »

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.

bcl999

2010 wrote: »

I`m talking from the view of Joe Public not foreign exchange gambling dens.

Yes but it's the "gambling dens" who can influence the rate by their decisions to buy/sell, Joe Public hasn't a look-in.