Euro (€) Currency Thread

dzug1

Chris_Quartly wrote: »

I'm going to Ireland a week tomorrow so I need to figure out what to do pretty quickly anyway. The best online exchange rate charge £5 delivery so is that next day or just secure?

Most places send it Royal Mail Special Delivery - which is both next day** and secure. You have to be in to sign for it which is a disadvantage for many.

** if sent before the cut off time, and Saturday delivery is not guaranteed on the standard service.

loveunit

dollar seems buoyant today, is that due to OK news from Google and such?

inspector_monkfish

loveunit wrote: »

dollar seems buoyant today, is that due to OK news from Google and such?

partly that

Euro is also weakened due to bad news about Ireland ratings, and GBP is weak after Bchflower comments about further unemployment

obviously, both helping the USD

inspector_monkfish

1.1325 trading

inspector_monkfish

10:27 17Apr09 MARKET TALK: EUR/GBP Overvalued For Reluctant ECB


EUR/GBP looks overvalued against a back drop of a more measured BOE in its approach to QE than the market had expected and the growing expectations of QE in Europe, says a senior FX options strategist at Calyon. Due to the positive policy responses by the UK authorities, the economy is likely to respond more quickly than the euro-zone economy, where the market still believes the ECB needs to be more aggressive. Smollett suggests buying a 2-month EUR/GBP put with a strike at 0.8895 costing around 263 GBP per EUR, when priced off a spot of 0.8795.

whatusername

inspector_monkfish wrote: »

10:27 17Apr09 MARKET TALK: EUR/GBP Overvalued For Reluctant ECB


EUR/GBP looks overvalued against a back drop of a more measured BOE in its approach to QE than the market had expected and the growing expectations of QE in Europe, says a senior FX options strategist at Calyon. Due to the positive policy responses by the UK authorities, the economy is likely to respond more quickly than the euro-zone economy, where the market still believes the ECB needs to be more aggressive. Smollett suggests buying a 2-month EUR/GBP put with a strike at 0.8895 costing around 263 GBP per EUR, when priced off a spot of 0.8795.

Sounds positive news for the GBP but why do i sense it will have a negetive effect

MEMBER02

inspector_monkfish wrote: »

i assumed he meant '1 for 1', which you really don't want to wish for !!

lol i know he meant 1 for 1,i was thinking back to the good old days of 1.49+

Chris_Quartly

dzug1 wrote: »

Most places send it Royal Mail Special Delivery - which is both next day** and secure. You have to be in to sign for it which is a disadvantage for many.

** if sent before the cut off time, and Saturday delivery is not guaranteed on the standard service.

I should be fine then, I'll get it delivered to work where I'll be, will make a decision on Monday!

Eager_Saver

anybody cares to translate the following into english ?

Smollett suggests buying a 2-month EUR/GBP put with a strike at 0.8895 costing around 263 GBP per EUR, when priced off a spot of 0.8795.

inspector_monkfish

whatusername wrote: »

If i had a € for every time you posted that i'd have my holiday payed

hello there, we're alot more refined over here on the Euro thread
very few youtube links and tall tales told her old chap..

feel free to change all that!!;)