Euro (€) Currency Thread

ade58

going to italy in june anyone think i should get my euros now can get them for 1.11 at moment or wait?

dealsearcher

The inter bank rate is 1.064 right now. Where can you buy euros for 1.11?

inspector_monkfish

ade58 wrote: »

going to italy in june anyone think i should get my euros now can get them for 1.11 at moment or wait?

haha
if you can get them at 1.11, go get 'em now...

ade58

crowncurrencyexchange.com

inspector_monkfish

ade58 wrote: »

crowncurrencyexchange.com

oh i see, thats a forward trade for delivery in June, rather than buying them right now as it appeared you meant....

nah, wait and get it higher in early April....


ECB have got to announce some kind of QE, in order to keep up with UK and USA. Next meetiing is April 2nd, that will be a good opportunity for them to do so, and the rate should move favourably for the Pound (IMO)

inspector_monkfish

Next Week For Gbp....
16:00 20Mar09 (GBP) The week ahead in the UK

(GBP) A pretty busy week lies in store for the UK, with the key event being the Feb BoE Inflation Report testimonies of MPC members on Tues to the
Parliamentary TSC in the morning, and then hearings to the House of Lords
Economic Affairs Committee in the afternoon. Because the BoE has been so
transparent in its monetary policy stance and its approach to QE, no major new policy insights are expected. But look for some of the members to reiterate their expectation for a respectable growth rebound in 2010, indicating the need to quickly reverse monetary policy if necessary to ensure the l-t inflation target is met.

With regard to the economic data, Feb inflation statistics on Tues should be combed to see how rapidly inflation is falling, whilst the Mar CBI distributive trades survey on Weds and the ONS Feb volume retail sales data on Thurs should provide clues on how much bad weather and rising unemployment impacted high street spending. Final Q4 08 GDP figures on Fri will be interesting from the point of view of new information about the household savings ratio, and Q4 '08 current account data on the same day should reveal a narrower deficit.

Regarding the data we look for Feb CPI to show a modest monthly rebound, of 0.3%, but base effects should allow the annual rate to hurtle lower to 2.6%, closing in on its 2% target, from 3.0% y/y in Jan. RPI inflation should record a negative annual rate of -0.8% y/y on the back of a 0.2% m/m drop, as the effects of the Jan cut in interest rates bears down further on mortgage interest payments and housing depreciation costs continue to tumble.

The retailing aspect of the Mar CBI distributives trade survey should
depict a snap back in the reported sales balance, after a surprisingly large
improvement in Feb, with the balance set to deteriorate to -35, from -25 in
Feb. The official ONS volume retail sales figures could reveal a sub-consensus
dive of -1.9% m/m in Feb, after a 0.7% increase in Jan, as the effects of
adverse winter weather and surging unemployment take hold. Final Q4 08 GDP is expected to be left unchanged at -1.5% q/q (-1.9% y/y), although there is always the risk of back quarter revisions. But we look for evidence of a rising household savings ratio, to around 2.5% (and maybe higher), from 1.8% in Q3 08, given the backdrop of sharply slowing net household borrowing and falling consumption.

The Q4 current account data should reveal a narrower deficit, of GBP5.9bn, from a shortfall of GBP7.7bn in Q3, helped by a smaller goods trade gap and a wider net investment income surplus. Of fleeting interest will be the BBA's measure of bank mortgage approvals volumes data for Feb, on Tues which could well show another monthly rise, albeit staying close to historically low levels.

inspector_monkfish

trading at 1.0655

dealsearcher

inspector_monkfish wrote: »

ECB have got to announce some kind of QE, in order to keep up with UK and USA. Next meetiing is April 2nd, that will be a good opportunity for them to do so, and the rate should move favourably for the Pound (IMO)

It's already happening Mr. Fish, as my posts this morning show.

alared

https://www.currency-express.com/currencyexpress/

€1.0342
Free delivery over £300

dealsearcher

Christian Noyer has admitted that they are doing QE now:

dealsearcher wrote: »

... And from this article:

The European Central Bank has already embarked, in effect, on emergency "quantitative easing" to boost the eurozone economy but stands ready to do more if deflation risks emerge, according to Christian Noyer, governor of the Banque de France.

Hugely expanded ECB operations to pump extra liquidity into the banking system, renewed last week, had taken the central bank into "non-standard monetary policy", Mr Noyer said in an interview with the Financial Times. "It is a way of doing quantitative easing, certainly."