Euro (€) Currency Thread

inspector_monkfish

1.165 for July, would be assuming that the inter-bank market rate will be trading around 1.20ish i suppose

personally, just my opinion, i think it will be higher than that by the time we actually get to july

RachelW1987

inspector_monkfish wrote: »

1.165 for July, would be assuming that the inter-bank market rate will be trading around 1.20ish i suppose

personally, just my opinion, i think it will be higher than that by the time we actually get to july

Fingers crossed for june time! :whistle:

harryhound

inspector_monkfish wrote: »

The ONS also said there was a big draw down in inventories in the fourth
quarter, with manufacturing and retail firms in particular running down stocks. Inventories fell GBP2.6 billion in the quarter, the largest since 1990.
[09:56 EUR ECON: Inventories and GDP] London Feb 25
The UK Q4 GDP data this morning showed a negative 1.3pp contribution from inventories. For Germany the positive contribution from inventories bodes ill for growth going forward while for the UK the negative contribution should help limit the downside. .

Am I very thick? I am finding it difficult to understand these two statements.
To my way of thinking the run down in inventories is an effect not a cause.
The bank has cancelled the overdraft, so the desperate firm is unable to restock at the new increased foreign prices and has decided to go bust in 12 months time rather than 12 weeks by flogging off its stocks at knock down prices to avoid bouncing its (tax) cheques. ??

inspector_monkfish

12:54 25Feb09 GERMAN GOVT SPOKESMAN SAYS EURO ZONE HAS BROUGHT GREAT DEAL OF STABILITY TO MEMBERS
12:56 25Feb09 GERMAN GOVT SPOKESMAN SAYS WILL DO WHAT CAN TO SUPPORT STABILITY OF EURO
13:04 25Feb09 -Germany says will back the euro in every way

BERLIN, Feb 25 - Germany will support the stability of the euro in every way, government spokesman Ulrich Wilhelm said on Wednesday.
"You can assume that we will support in every way the cohesion of Europe, the success of European integration, and the cohesion of the euro," Wilhelm told a regular news conference.
"The euro zone has given a great deal of stability to the member states," he said.

dealsearcher

inspector_monkfish wrote: »

1.165 for July, would be assuming that the inter-bank market rate will be trading around 1.20ish i suppose

personally, just my opinion, i think it will be higher than that by the time we actually get to july

Having been up at 1.14 recently it is now back down to 1.125. It would seem the money markets are still seeing some strength in the euro.

inspector_monkfish

dealsearcher wrote: »

Having been up at 1.14 recently it is now back down to 1.125. It would seem the money markets are still seeing some strength in the euro.

July is a loooong way off........;)

dealsearcher

It's now 1.117.

inspector_monkfish

...over 1.12 now....

inspector_monkfish

16:12 26Feb09: (GBP) BoE rate poll


(GBP) A new Reuters poll of UK economists finds 54 of 62 expecting a BoE rate
cut on Mar 5, 46 of whom predict a 50bps cut. Then the consensus has the 0.50%
Bank rate holding through June 2010. Majority say BoE asset purchases will
amount to more than GBP60bn and will be effective in stimulating the economy.

inspector_monkfish

back up to 1.1260 now