Euro (€) Currency Thread

jyonda

inspector_monkfish wrote: »

well, sure thats a bit much to hope for, but i can certainly see low to mid 80pence level very soon...

How come? More bad news on the way for Eurozone? When are the next UK figures due to come out?

inspector_monkfish

jyonda wrote: »

How come? More bad news on the way for Eurozone? When are the next UK figures due to come out?

it has that look about it
been some bad german and spanish numbers out recently
i still think people are not factoring in how bad euroland is, and just looking at how bad UK is
we are all as bad as each other !


there is a shed load of UK numbers out at 9.30 tom mng
Industrial output, Manufacturing output, PPI

also some France figures out at 7.45
and Germany at 11.00

TuftyMatt

Hello everyone,

I go away in late May and need to top up my card with about 1100 euros and was wondering when you lot think a good time to buy would be?

I know it's a long way off but like many I do think the pound has been hit hard of late and what we are seeing are some good signs of recovery against the euro.

I got 1.26 last year so could we reach that agian?

inspector_monkfish

TuftyMatt wrote: »

Hello everyone,

I go away in late May and need to top up my card with about 1100 euros and was wondering when you lot think a good time to buy would be?

I know it's a long way off but like many I do think the pound has been hit hard of late and what we are seeing are some good signs of recovery against the euro.

I got 1.26 last year so could we reach that agian?

don't look at the price at all between now and mid May
buy then, and i think you will be pleasantly surprised..... (just my opinion )

hannah29_2

so is it likely to go up much in the next week or so? just deciding whether to exchange here or draw out abroad
hannah

dealsearcher

The euro seems to be doing very well considering the european economies are doing pretty much as badly as everyone else. Will the currency markets get to realise this soon with the pound regaining on the euro shortly? It's not so long ago the euro/pound was around 1.45. Maybe it's not likely to reach that in the short term, but 1.25? 1.30?

luci

Interbank rate is €1.14

inspector_monkfish

dealsearcher wrote: »

The euro seems to be doing very well considering the european economies are doing pretty much as badly as everyone else. Will the currency markets get to realise this soon with the pound regaining on the euro shortly? It's not so long ago the euro/pound was around 1.45. Maybe it's not likely to reach that in the short term, but 1.25? 1.30?

this is exactly my point!!

everyone has been concentrating on how bad UK economy is, and consequently the Pound has suffered agsinst the Euro and US Dollar.

now people are waking up and realising that EuroLand is just as bad, if not worse, and (in my opinion) this is why we are seeing a recovery for the Pound.

My thoughts only, but I believe the EUR/GBP rate is going to creep into the 1.20's over the coming weeks

(it also looks like its heading for 1.50 against the US Dollar, possibly as soon as this week)

dealsearcher

About time to! Euro under pressure according to:

http://www.fxstreet.com/technical/market-view/fx-briefing/2009-02-09.html

But it is still at 1.14 to the £!

inspector_monkfish

dealsearcher wrote: »

About time to! Euro under pressure according to:

http://www.fxstreet.com/technical/market-view/fx-briefing/2009-02-09.html

But it is still at 1.14 to the £!

creaping nicely northwards this morning

trading at 1.1470 in the markets