Sterling v Euro exchange rate predictions

Philip_Voice

The Euro has broken its 1.14 support this morning after several attempts. The Euro could (and should) drop to 1.20 fairly quickly as 1.14 held strongly and currency traders will be unlikely/unwilling and stupid to be long on the Euro.

I made a prediction - (https://www.)landscapejuice.com/2009/01/prepare-your-garden-for-the-2009-heatwave.html - (made at the beginning of 2009) that the Euro would be at 1.25 against the Pound by June 09. (you will have to cut and past the link - as a new user I am not allowed to post URL's and I don't want to get a reputation as a spammer either)

My second prediction was for a heatwave in the UK:-0))

The third prediction (and this is neither investment advice or a plea to buy my house) was that French housing prices would begin a long curve of appreciation as young French people are starting to earn more, the democracy is diminishing and the realisation that there is a lot of fantastic houses here at still up to a quarter of the prices of a UK house.

Some houses are over priced and lots of people are desperate to sell so it really is becoming a buyers market here.

MrTomato

I doubt £ = € for a while. On my desktop I have a currency convertor, and over the past 3 weeks, the pound has become a lot stronger. 3 weeks ago it was about 94p per €, now its at 87p per €.

The easiest way to see when it will change significantly is by looking at interest rates. If, next month, the Bank of England raises rates, we will benefit in the exchange rate. If the ECB lowers theirs, we will benefit also, and vice versa.

And, for the people say "Thanks Gordon", well he has very little/no influence on exchange rates. It is supply and demand, and he can't change that.

8324689

any more predictions for around now ?
Have to exchange 25,000 Euro to Sterling and need the best rate

Any help greatly appreciated

god, i would love parity!

droopsnout

8324689 wrote: »

god, i would love parity!

God forbid!

But what would be nice is some stability. Or for the UK to adopt the euro, but fat chance of that! (Though eventually I think it will happen - after some future precipitous collapse).

I'm no fortune teller, but historically, the pound has continued to lose against european currencies. A trace of the rate of the pound against the French franc (and current equivalent) for the last 40 years will reveal all.

And then I don't really see that a currency used by just one country can stand up to a currency which is used by 16 countries. If the UK's economy ails, there is no-one to support it. If one of the eurozone countries' economy has problems, the ECB can intervene with the backing of 15 other countries.

So, although my life could be ruined by further depreciation, I'm afraid that my own feelings are that in the short and medium terms the pound will not gain significant strength.

majestic10110

Inactive wrote: »

Sadly, nobody can answer that one, if we could, we wouldn't be sitting here, we would be swanning it up in the Bahamas.;)

The £ seems to be dropping by the day to the Euro.:mad:

I can tell you what will happen;)

* Post June 22nd Pound will strengthen to £= 1.25/6 EURO for at least a day against EUR and USD, before criticism that the Emergency Budget cuts will not be enough. If im wrong i will eat my socks!

I guess im off to the Bahamas!