Djini Posted March 1, 2011 Share Posted March 1, 2011 http://www.economy-news.co.uk/gbp-to-eur-01201103.html Similarly little consideration appeared to be attached to yesterday's sterling buying spree. The pound is higher on the day against everything for no good reason. Some would have us believe it went up because the US dollar went down. That argument works well enough for Cable but has no bearing on the GBP to EUR half-cent rise. For no good reason... There's always a reason right? Is GBP's value likely to keep going up? Quote Link to comment Share on other sites More sharing options...
Patfig Posted March 1, 2011 Share Posted March 1, 2011 http://www.economy-news.co.uk/gbp-to-eur-01201103.html For no good reason... There's always a reason right? Is GBP's value likely to keep going up? Is GBP's value likely to keep going up? Maybe! Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted March 1, 2011 Share Posted March 1, 2011 I bought EUR at 1.5. Quote Link to comment Share on other sites More sharing options...
Djini Posted March 1, 2011 Author Share Posted March 1, 2011 I bought EUR at 1.5.That'll be what, 2007? You think it'll ever go back there? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted March 1, 2011 Share Posted March 1, 2011 That'll be what, 2007? You think it'll ever go back there? Yup, early 2007. Pass. As I spend half my time in mainland Europe, I went 50/50 GBP/EUR to spread the risk between the currencies that I spend. It also protects me against possible future exchange controls. Quote Link to comment Share on other sites More sharing options...
snowflux Posted March 1, 2011 Share Posted March 1, 2011 Maybe it's my fault. I bought €3000 worth of sterling yesterday. Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted March 1, 2011 Share Posted March 1, 2011 http://www.economy-news.co.uk/gbp-to-eur-01201103.html For no good reason... There's always a reason right? Is GBP's value likely to keep going up? Quite a lot of positive news around for the UK at the minute. House prices up, manufacturing looking good, prospects of rising interest rates, ConDems trying to put our house in order, etc, etc. Fundamentals are still shite though, housing never really crashed so cannot really recover, the main part of the job losses are yet to come, double dip on the horizon, etc, etc. The hope of interest rate rises seems to be the main driver that pushed GBP/USD past 1.60, that and the fact nobody wants to hold the Dollar at the minute. I'd be more convinced by Sterlings strength if we push past 1.60 USD and 1.20 EUR and convincingly hold above both lines. We're half way there at least, won't last if the dreaded double dip rolls into town though. Quote Link to comment Share on other sites More sharing options...
Petecov Posted March 1, 2011 Share Posted March 1, 2011 I think it will stay steady at the moment. Quote Link to comment Share on other sites More sharing options...
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