Euro (€) Currency Thread

inspector_monkfish

dealsearcher wrote: »

I was wondering why the pound was suddenly falling back again. Maybe this is the usual pessimism that occurs before such reports in times like this.

lets hope its a case of SELL the rumour, BUY the fact this time !!


figures WILL be bad, we all know that - just depends how bad....

dealsearcher

Usually if the news is expected to be bad it is priced in beforehand. Therefore if it is not as bad as predicted then the pound should bounce back up. Of course that would be logical and the markets are not usually that logical!

inspector_monkfish

dealsearcher wrote: »

Usually if the news is expected to be bad it is priced in beforehand. Therefore if it is not as bad as predicted then the pound should bounce back up. Of course that would be logical and the markets are not usually that logical!

Exactly !!

inspector_monkfish

ok, just before the 9.30 unemployment figures

gbp/eur trading at 1.1120

inspector_monkfish

good numbers

instant rise to 1.1155


give it a chance to digest and settle though, don't get too excited !!

dealsearcher

Now back at 1.112. Apparently the unemployment news is not as bad as predicted so the pound should bounce back.

inspector_monkfish

10.05am 25mins before BOE inflation report

gbp/eur currently trading 1.1190

dealsearcher

Indeed 1.119. Go! Go! Go!

Sorry I came over all Murray Walker.

x__Indigo_x

Amanda65 wrote: »

Hi all

I am off to Portugal at the weekend :j and just wondered about getting currency.

I have a Nationwide debit card with my Flex account and a Post Office Card. My intention is to pay for the car hire / meals / shopping at the supermarket etc. on the PO card and then pay it off when the bill comes in. However what do I do about cash . I won't need a lot (maybe up to £100 for drinks, ice creams etc) but do I buy some before I go or withdraw it on my Nationwide card from an ATM?

Any help would be greatly appreciated.

urgent [ going to town later for euro if needed]

can anyone help me , sort of relevent to above!

i have a nationwide flex

so am i better to pay for everything i can on this ? [ ie do i get a better deal]?

thanks

inspector_monkfish

GBP pares losses after Jan unemployment data

(GBP) GBP trading a little firmer after UK Jan unemployment figures came in
better than expected rising by 73.8K, vs +90K consensus, though the u/e rate rose to 3.8%, its highest for 9 yrs. EUR/GBP down at 0.8960 (1.1161) from 0.8995 (1.1117), cable 1.4465 up from 1.4400.