Euro (€) Currency Thread

dealsearcher

At the moment it is back at 1.117. It's those bl**dy bankers again! HBOS in far worse do do than they were admitting to. I am beginning to come around to the idea of taking them all out and shooting them. :shocked:

Maybe that would be too good for them.

spitfirebbmf

Analysts said market players were adjusting their positions to account for the risk of the G7 saying something about sterling, but some analysts were unconvinced that this would happen.
Standard Bank G10 currency strategist Steve Barrow said the risk of sterling being discussed was low and that the pound could well resume its falls once the meeting is over.
"These bouts of sterling strength are there to be sold," he said.
Speaking on Friday, Prime Minister Gordon Brown continued to suggest that the UK authorities were unconcerned about the pound's weakness, saying the decline in sterling's value has helped Britain's competitive trade position.
Sterling's gains on Friday wiped out some the losses suffered after BoE Governor Mervyn King said on Wednesday the central bank may soon implement unconventional measures to boost an ailing economy.
But analysts believe these concerns, alongside worries about falling interest rates and an ailing financial sector could soon return to haunt the pound.
"All these factors point towards a weaker pound," BTM-UFJ's Hardman said.

dealsearcher

Well if that is the way the analysts are looking at it then what about the weakness of the eurozone economy? Why would they single out the UK for treatment when the eurozone is in such a bad way as well?

'UK authorities' (i.e. the PM) may not be concerned about the weakness of the pound but eurozone 'authorities' (ministers) are concerned about it's weakness and want the UK (PM) to do something about it.

gaz_jones

Trading at 1.126 at the moment

dealsearcher

1.128 now. Yesterday all doom and gloom, now it bounces back.

gaz_jones

1.129 now. Keeps on climbing. I need to get some euro's changed today or tomorrow and can't decide whether to hold out or not :S Think i'll wait one more day. Any longer and i'll be going away with GBP lol

dealsearcher

It's been up and down like the proverbial over the past couple of weeks. Now 1.134.

Are you feeling lucky?

gaz_jones

1.124 now I was feeling lucky but now wish I hadn't been lol.

gaz_jones

Weirdly even though the exchange rate has gone down the PO have put their rate up by 1p a euro. Weird LOL

toothpick

i'm going to spain in 2 weeks, where should i get my £ converted to euro? I am only going for a 5 days, would you guys still recommend a card?