Euro (€) Currency Thread

dealsearcher

inspector_monkfish wrote: »

Merv the swerve speaks...
http://www.thedailymash.co.uk/news/business/there's-no-more-money%2c-says-man-who-prints-all-the-money-200903251663/

Maybe with Darwin being on every tenner Gordon Brown should be invested with a Darwin Award as he is bringing down the whole country:

http://www.darwinawards.com/

:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

dealsearcher

Morning all. Now 1.064. Doesn't look good.

inspector_monkfish

morning

UK Q4 GDP due at 9.30am today.

qq expected -1.50% (unchanged from last term)
yy expected -1.90% (unchanged from last term)

we shall see....

inspector_monkfish

dealsearcher wrote: »

Morning all. Now 1.064. Doesn't look good.

[08:09 EUR/GBP: Buoyed by Month-End Demand, Ambrose E-P on ECB]

London, March 27.
Month-end demand is being flagged as a factor in the early Europe EUR/GBP ascent
to test 0.9410 offers. 0.9352-0.9372 was today"s Sydney session range.

Option barrier defence-related supply capped EUR/GBP at a pre-0.9500 eight-
week peak nine days ago (March 18, post-FOMC statement). Resistance levels ahead
of the figure include 0.9429 (Monday"s intra-week peak, scaled in early Asian
trade), 0.9453 (March 20 top) and 0.9475 (March 19 high).

"Europe fetches the monetary helicopters, at long last" is the headline of an
article on The Daily Telegraph website by Ambrose Evans-Pritchard. The next ECB
meeting is next Thursday (Apr 2).

Megalomaniac

Seems like there's some 'experts' on here - is the future looking good for the GBP against the Euro (i.e. going to rise) or do you think it's only going to go down? I need to book some holiday accommodation in Euros and would like to get as good a rate as possible.

inspector_monkfish

Megalomaniac wrote: »

Seems like there's some 'experts' on here - is the future looking good for the GBP against the Euro (i.e. going to rise) or do you think it's only going to go down? I need to book some holiday accommodation in Euros and would like to get as good a rate as possible.

it will go up, and it will go down....

when do you need to book?

Megalomaniac

Well its not a massive rush at the moment... but I reckon in the next couple of weeks I would like to get it confirmed.

inspector_monkfish

trading 1.0635

1min before GDP

inspector_monkfish

09:35 27Mar09 (GBP) GBP reaction to weak data already priced in ?

(GBP) Much of the GBP reaction to weaker than expected Q4 GDP growth and awider Q4 current account deficit looks to have been already priced in as the
market sold GBP ahead of the releases. Cable just a little lower at 1.4335
whilst EUR/GBP is trading around 0.9405.

inspector_monkfish

Megalomaniac wrote: »

Well its not a massive rush at the moment... but I reckon in the next couple of weeks I would like to get it confirmed.

you can either have some stress/fun (whichever way you want to see it) and hang on for a couple of weeks and watch the rate fluctuate all over the place

or just do it now and save yourself the headache !!