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Patfig

Euro Hits 1.40 To The Pound

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So, I hear the theory from the property pumpers that QE in Europe will attract money into British property.

As your post shows, currency rates move pretty quickly so its a net zero position.

If Mr Frog already owns a home and sells it then sure, he makes a profit but presumably if he has sold it he is exitIng the market to realise his gain and if he buys back in, the gain is lost.

However, all of these investors that people claim will pile in due to QE have to pay a higher price to do so and they presumably realise that this is due to currency changes rather than changes in value. Once QE ends prices will drop and said investor will lose out.

Hence I Think the Euro QE=Brit price rises is nonsense.

A bit like the poster from Enfield who thinks that negative interest rates will boosT mortgage lending and house prices.

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Buy Euros.

Euro/US$ has targeted 1.05 for the last 3 years. And close now. So, likely EuroGBP trend ending soon too

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Remember all those people g/teein sterling would collapse below parity in 2009 and to sell it for the safety of the Euro (& Gold)? Arf....

10 Froggie francs (value) is c 1.52. I remember 1.65 seemed a decent rate

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Remember all those people g/teein sterling would collapse below parity in 2009 and to sell it for the safety of the Euro (& Gold)? Arf....

10 Froggie francs (value) is c 1.52. I remember 1.65 seemed a decent rate

Ten froggie Francs to the £ seemed to work for a very long time.

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Everything until yesterday was pre actual ECB QE. If you think market front-running and/or rotation is a factor then european rates/currency trends may reverse.

Someone on CNBC claimed EURO was going for parity with USD, which made me want to pile in long.

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Everything until yesterday was pre actual ECB QE. If you think market front-running and/or rotation is a factor then european rates/currency trends may reverse.

QE worked wonders for sterlings.

Someone on CNBC claimed EURO was going for parity with USD, which made me want to pile in long.

Was it Jim (the contra-indicator) Rogers?

Ruh-ro ! meedya are on it..........

FT Markets @FTMarkets 4m4 minutes ago

The euro's run lower is leading to talk of dollar parity, last touched in early 2003: http://on.ft.com/1GAM5Ho

B_utAo7WQAAmbMh.png
Edited by R K

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The euro's run lower is leading to talk of dollar parity, last touched in early 2003:

It would have been news if they'd been talking about it a few months ago near 1.4 rather than today at about 1.07.

Edited by billybong

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I have some sterling earnings that will be transferred in the next 5 days. 1.40 is a good rate. IIRC , the highest I got was about 1.47 , around 2005/6?

Then I'll sit back and watch UK govt devalue the pound again, "to help exports" ;) .... all the way down to 1.05 - 1.10 , and buy £ again.

The never ending currency swing. For a layman like myself, who can wait a few years , it's fairly easy money.

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I`ve seen one motorcycle shop sell Kawasaki Versys for 5,750 quid for the European model. (£6750 for the British model)

There`s no difference according to the shop.

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I`ve seen one motorcycle shop sell Kawasaki Versys for 5,750 quid for the European model. (£6750 for the British model)

There`s no difference according to the shop.

Except of course it's left hand drive

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Killer Bunny.....

Yes, I asked the dealer about that and all you have is to hold your right hand grip in your left hand and your and your left in your right....or something.

There`s also a button you can press to convert eros to mph.

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Yes both my wife and I are both get getting 0 % percent wage rises.

Bought a CASIO watch from Amazon which was a percentage cheaper than the rest....from France.

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Killer Bunny.....

Yes, I asked the dealer about that and all you have is to hold your right hand grip in your left hand and your and your left in your right....or something.

There`s also a button you can press to convert eros to mph.

I think you also have to put your left leg over the right hand side and your right leg etc :D

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Killer Bunny.....

Yes, I asked the dealer about that and all you have is to hold your right hand grip in your left hand and your and your left in your right....or something.

There`s also a button you can press to convert eros to mph.

I bought a right hand drive UK spec car from an EU dealer last time Euro was cheap. Single market an all that....Obviously you have all these specialist import firms doing it now who can also negotiate bulk deals.

I saved c. 20% just for filling in a couple of import / registration forms.

Edited by R K

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At the moment I only have savings in €, it's not typical HPC-member size funds ;), but I wonder if I should transfer to my UK account (sterling)? In a few years I will very likely return to the UK, so I am a bit worried by the almost daily drops in the € relative to £.

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with all this EU QE, how low can it go? I am slightly concerned about house prices in France as I am looking to buy a family home there next year and I don't need another ramping of property prices there as well as here, soon I'll be living in Eastern Europe if this goes on....

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