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Sterling/Euro likely direction


Mirror Mirror

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Mirror Mirror
Posted

Just been reading that Deutsche Bank have joined Morgan Grenfell in predicting parity between Sterling and the Euro early next year. I remember similar forecasts back in 2012/13 just before the Sterling started its rapid climb back towards 1.45.

However I now will have need of Euros over the next few months, so Im wondering what the Dosbods concensus thinks about the likely direction of that particular currency pair. Are the 2 banks to be believed, or are they just as clueless as the rest of us? Should I just change £15 or 20 k into Euros now or change it in 3 or 4 tranches only when I actually need the money?

Horrified Onlooker
Posted

'Down down deeper and down'.

 

Dunno how to embed video and too lazy to learn....

Mirror Mirror
Posted

Here you go!

I fear you may be right though....

Inoperational Bumblebee
Posted

FWIW, I moved some cash savings into euros a few weeks back for this reason and it's been worthwhile. I'll likely keep them there as I'm off on holiday in Europe in a few weeks, and I reckon we've broken the resistance line for the last 10 years. How much higher EURGBP will go I'm unsure, but that's the general direction IMO.

TBH I'm watching GBPUSD as I agree with durhamborn on TOS that we're heading towards 1.40, and I'll move the cash to USD  if it approaches there.

Posted

Yes. The pound is trash. Think of the chances of Carney the gimpster raising rates and you have your answer.

Startifartblast
Posted

I have moved money from euros into pounds and yen in the past couple of weeks. That memory-addled simpleton Mr. Market seems to have forgotten the enormous numbers of problems in the EU. I will be looking for at least 0.82 for the EURGBP in the next year.

Long time lurking
Posted
On 8/13/2017 at 20:32, Horrified Onlooker said:

'Down down deeper and down'.

 

Dunno how to embed video and too lazy to learn....

You tube just copy and paste the address from the  address bar 

 

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