Euro (€) Currency Thread

antenna

dealsearcher wrote: »

Pound / euro currently 1.124. With all of these interest rate moves and QE today how is this going to effect the pound / euro? Will the moves just cancel each other out?

I expect the pound/euro to be 1.15 in one week's time,and 1.20 by the end of the month,and sticking my neck out,1.35 in six months time......ok,now its your turn.................:easter_ba

dealsearcher

God knows. I fancy a cream egg though ... :beer:

inspector_monkfish

antenna wrote: »

I expect the pound/euro to be 1.15 in one week's time,and 1.20 by the end of the month,and sticking my neck out,1.35 in six months time......ok,now its your turn.................:easter_ba

i'm with you
i see no reason to doubt those numbers...


1.1235 at mom

dealsearcher

antenna wrote: »

I expect the pound/euro to be 1.15 in one week's time,and 1.20 by the end of the month,and sticking my neck out,1.35 in six months time

I can't see it myself. I hope I'm wrong.

The pound seems to be far more vulnerable to me. Not because it is a worse currency, far from it. No I think the euro will maintain it's strength relative to the pound because of the number of countries which rely on it.

We have been wondering how the euro has maintained it's strength recently despite the clearly poor performance of the eurozone countries. I think that recent strength despite the poor performance in europe is because of the combined political power of the eurozone countries.

Hopefully the real picture in europe will force the euro down over time, but I think we are talking months.

antenna

dealsearcher wrote: »

I can't see it myself. I hope I'm wrong.

The pound seems to be far more vulnerable to me. Not because it is a worse currency, far from it. No I think the euro will maintain it's strength relative to the pound because of the number of countries which rely on it.

We have been wondering how the euro has maintained it's strength recently despite the clearly poor performance of the eurozone countries. I think that recent strength despite the poor performance in europe is because of the combined political power of the eurozone countries.

Hopefully the real picture in europe will force the euro down over time, but I think we are talking months.

Euroland is twinned with michael jacksons Neverland,both bankrupt,only michael KNOWS he is bankrupt,euroland is six months behind the real world and will not take the medicine of much lower interest rates,so we will wait the six months and euroland will be in the position we are today,but by then we will be coming out of it slightly and i hope the pound will be stronger.

inspector_monkfish

antenna wrote: »

Euroland is twinned with michael jacksons Neverland,both bankrupt,only michael KNOWS he is bankrupt,euroland is six months behind the real world and will not take the medicine of much lower interest rates,so we will wait the six months and euroland will be in the position we are today,but by then we will be coming out of it slightly and i hope the pound will be stronger.

and then the rumblings will start.....

big german man says to little oirish man, "i don't vont you no more"
smarmy frenchman says to lazy spanish man "ah ave no need for you eenymore"

and then the euroland begins to collapse around them all.....


...you heard it here first....;)

antenna

Germany and France to rule the euroland................well......germany to rule and france to plant more trees along the Champs De Elysees so that the germans can march in the shade

inspector_monkfish

antenna wrote: »

Germany and France to rule the euroland................well......germany to rule and france to plant more trees along the Champs De Elysees so that the germans can march in the shade

more a case of the return of the DEM, FFR, NLG, ESP, ITL.....

dealsearcher

I'm with you on the european rivalry scenario. Not sure about the Neverland one, but suspect you are right.

At present however all the european leaders are acting like they are all best mates.

My experience of southern europeans, especially, is that everything is fine ... fine ... fine and then there is sudden panic when they admit there is a problem (my inlaws are Italian ). So I reckon the euro will maintain it's strength until the panic happens, hopefully sooner rather than later.

dealsearcher

antenna wrote: »

Germany and France to rule the euroland................well......germany to rule and france to plant more trees along the Champs De Elysees so that the germans can march in the shade