Buying Euro's....... Help!!!

jyonda

Maybe not too much good to you now but you could have set up forward trades with an exchange broker like Hifx who give you a rate for an amount, you hand over 10% of the capital and have up to a year to complete on the trade. That way you have eliminated your exposure to fluctuations in the exchange rate which is good if you are happy with the current rate, have fixed payments and need to budget.

jon3001

tradetime wrote: »

Afraid I can see no reason for the £ to strengthen against the € in the near to medium term. ECB remains much more hawkish with monetary policy,so unless there is a marked deterioration in the Eurozone economy, the pound is likely to remain in a range of possibly €0.90 - €0.95. imho

Wow - so you think it'll even fall below parity?

tradetime

jon3001 wrote: »

Wow - so you think it'll even fall below parity?

LOL wrong symbol, trying to do too many things at once. corrected.

newsaver2008

It is dropping every day by quite a lot so it must fall below parity very soon if it continues this way...only question is....how low will it go?

gozomark

its not dropping every day - it went up today, for example, by 1.9%........