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28/01/2010, 16:01 Northender Joined on 24/01/2007 NW England/Lot Posts 204 Re: I the £ on an up againt the euro??? There's only one way the Euro is heading in the short term , after several comments from European political figures in the past few days. Whether or not the GBP benefits will depend on the UK opinion polls I guess and eventually the outcome on May 6th. It's all down to politics.    Report

28/01/2010, 18:26 NormanH Joined on 10/04/2008 Posts 1,593 Re: I the £ on an up againt the euro??? People would have to be transferring a lot more money than I will ever see for these small movements to make much difference. If you bring over £1000 the latest rise might add 50 Euros or so..    Report

28/01/2010, 18:41 Bugsy Joined on 15/11/2006 Vienne (86) The Nice Bit Posts 5,646 Re: I the £ on an up againt the euro???  NormanH wrote: If you bring over £1000 the latest rise might add 50 Euros or so.. ......................and fifty euros is fifty euros. That will fill up my car, thank you.(well, very nearly ) . "Don't have to be ashamed of the car I drive, I'm glad to be here, happy to be alive, It don't matter if you're by my side, I'm satisfied"    Report

06/02/2010, 18:52 NormanH Joined on 10/04/2008 Posts 1,593 Re: I the £ on an up againt the euro??? Given the recent publicity over problems in the Eurozone (admittedly not totally new) can anyone explain why the pound is back down to 1,143 at the moment of posting?    Report

06/02/2010, 23:04 AnOther Joined on 05/12/2006 W of Cahors (46) Posts 6,729 Re: I the £ on an up againt the euro??? I think the retreat of the £ is due to several factors. Principally the disappointing growth figure of 0.1% when the expectation had been nearer 0.4%, but also in part the end to quantitative easing further exacerbated by inflation which reached 2.9% in December, up a full 1% from the previous month. There is also nervousness over the upcoming election and the dogged refusal of Moron or Cameron to put their cards on the table and spell how they plan to tackle the UK debt crisis, which incidentally, if public and private debt are taken together, represents 466% of GDP actually placing UK in a worse position than Greece and within a whisker of the worlds long term basket case, Japan, at 471%. Make no mistake, if the UK were in the Euro they would not be talking of the PIGS but the SUKPIGs If any of our leaders were the least bit interested in the welfare and future of the country then instead of trying to cling on to or achieve power at any cost they would be voluntarily forming a crisis coalition to come up with some cohesive plans, and damn quickly too. Concurrently we all know that the € is under pressure because of the PIGS but looking at the relevent exchange rates it's almost uncanny how the £/€ and €/$ declines track each other Counting down to retirement update: A bright light now beckons    Report

09/02/2010, 5:44 Jay Joined on 26/09/2007 Posts 289 Re: I the £ on an up againt the euro???  NormanH wrote: Given the recent publicity over problems in the Eurozone (admittedly not totally new) can anyone explain why the pound is back down to 1,143 at the moment of posting? I also think it odd especially when you read this Traders make $8bn bet against euro    Report

09/02/2010, 7:44 Quillan Joined on 23/08/2004 Forum Moderator Posts 5,526 Re: I the £ on an up againt the euro???  Jay wrote:  NormanH wrote: Given the recent publicity over problems in the Eurozone (admittedly not totally new) can anyone explain why the pound is back down to 1,143 at the moment of posting? I also think it odd especially when you read this Traders make $8bn bet against euro Right now we know who it is that brings the pound down when they speak/write, 08:43 (CET) 1.138 http://www.chambresdhote.com    Report

09/02/2010, 9:39 Boscoe Joined on 28/12/2009 Posts 22 Re: I the £ on an up againt the euro??? Good post AnOther, I think you summed the situation up very well and wholeheartedly agree with your point about the party politics and voluntarily forming a crisis coalition. I posted before of the nightmare situation of a hung parliament for the pound, with Labour gaining ground, the reality becomes closer. With the terrible January retail figures coming out today, there is little doubt in my mind that the UK will return to negative growth in the Q1, that certainlywon't help the pound! It says a great deal about the UK economy that even with the Euro in so much trouble the pound is still falling against it Here's a real worry for all, if the ECB decide to burn the speculators currently shorting the Euro to the tune of €5.9bn by raising the interest rate to say 1.5 or 2% then the pound will crash like a stone against it! Although I think I am still safe with my long on Euro against sterling.    Report

09/02/2010, 10:56 Quillan Joined on 23/08/2004 Forum Moderator Posts 5,526 Re: I the £ on an up againt the euro??? I don't think the UK is 'out of the woods' and it will probably get worse as confidence is Sterling diminishes as it is that alone thats keeping it afloat. I base this on the fact that everyone is blaming Greece and its economic problems at the moment. They have a fiscal deficit of around 12% (thats the difference between what the government spends against what its income is), quess who's got the same deficit, the UK of course. The only difference is that the world markets have more confidence in the UK than they have in Greece but its gradually waining. http://www.chambresdhote.com    Report

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