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The Euro Is Getting A Rest For A Few Days !


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by the 14 jan the euro pound will be 1=1 or very close to it..get over it people the pound is not going to go £1=1.50 euro any time soon.a couple of good day's for the pound people are jumping up and down.. :lol::lol::lol: give me a break !!

the B.O.E is going to lower interst rates faster the euro zone rates..that will happen 8 jan so sit tight enjoy the ride if your in the euro if not bad luck !!

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by the 14 jan the euro pound will be 1=1 or very close to it..get over it people the pound is not going to go £1=1.50 euro any time soon.a couple of good day's for the pound people are jumping up and down.. :lol::lol::lol: give me a break !!

the B.O.E is going to lower interst rates faster the euro zone rates..that will happen 8 jan so sit tight enjoy the ride if your in the euro if not bad luck !!

You know BX, this is the first time you ever put forward a macroeconomic justification for your parity theory :o

Up until know, you've been saying a mate of yours told you over a drink to sell everything you owned and buy euros...

Getting worried, are we?

It doesn't really work though... your "macro" theory sounds even less credible than the mate story :lol::lol::lol:

Don't you think interest rate expectations are fully priced in already?

Edited by VoteWithYourFeet
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by the 14 jan the euro pound will be 1=1 or very close to it..get over it people the pound is not going to go £1=1.50 euro any time soon.a couple of good day's for the pound people are jumping up and down.. :lol::lol::lol: give me a break !!

the B.O.E is going to lower interst rates faster the euro zone rates..that will happen 8 jan so sit tight enjoy the ride if your in the euro if not bad luck !!

GBP vs EUR

Andrex vs Kleenex

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Why feel the need to start a new thread explaining your "thoughts", which you have already expressed in several other threads already today?

If I didn't know better, sounds like you are looking for approval from others for you being heavily in the Euro.

My personal "thoughts"...... the Euro is in big big trouble. It is not an ideal currency in these bad times. It was trying to be the mighty dollar, but based on wrong fundamentals. Oh dear :blink:

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I have been short GBP/EUR from 1.45 or so. I have no need to prove anything. ;) Out of curiosity, what positions do you have? Money and mouth and all that

STR fund invested across asset classes/ccys.

Actual positions confidential I'm afraid: I'm sure a cunning investor like yourself appreciates the importance of confidenciality.

Also, I wouldn't want to be mistaken for one of those saddos who boast about fictitious profits on internet forums ;)

Edited by VoteWithYourFeet
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STR fund invested across asset classes/ccys.

Actual positions confidential I'm afraid: I'm sure a cunning investor like yourself appreciates the importance of confidenciality.

Wouldn't want to be mistaken for one of those saddos who boast about fictitious profits on internet forums ;)

Some people actually had the foresight in 2005, 2006 and 2007 to get 1.45 to the EUR and 1.98 to the dollar when their bonuses were paid and to keep them in cash.

I keep the important things confidential (ooh, like notional sizes etc) but as for disclosing the directions of my trades, it's not as if some fx trader is going to come on here and try to move the market to pick me off.

I am also short long-gilts, scaling in from 118 so a bit underwater. Why do I tell you this? Well, because I believe that sterling will only be able to strengthen properly when gilts correct/crash. As I have said before, all it takes is China not to turn up to a DMO auction.

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by the 14 jan the euro pound will be 1=1 or very close to it..get over it people the pound is not going to go £1=1.50 euro any time soon.a couple of good day's for the pound people are jumping up and down.. :lol::lol::lol: give me a break !!

the B.O.E is going to lower interst rates faster the euro zone rates..that will happen 8 jan so sit tight enjoy the ride if your in the euro if not bad luck !!

1.08 NOW 1.25 BY Feb !

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Come thursday BoE will cut IR by 1% and the £ will hit € parity, and then, as widely predicted, we will automatically change to the euros. Cash machines will issue euros at a 1:1 rate, banks will change all your statements to euros, supermarkets will cross out all the £ signs and draw in €s, and the BoE will print €100bn in euros to bail out the UK banks.

You'll also need to alter your £20 notes with a biro.... will only take 2 sec as they look just like euros anyway.

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Germany Services (PMI) just came out, very weak, well below expectations... some people surely knew; hence the deserved euro dumping against anything. As for BXLONDONMAN, you need to be humble. Made some money, take profit, don't be greedy for the sake of a tick or two. The market isn't stupid. In fact, major currencies are probably the most efficient instruments out there. Efficient in terms of no free lunch pricing. One ought to be extremely arrogant to ignore this. I'm not saying pound will never go to 1:1 against Euro, but those insisting on it as a foregone conclusion: what is that secret, non-public info that allows you to conclude that it is almost inevitable? If you can't give a credible answer to urself, you are doing no more than playing a casino with an incredibly good chance of winning (odds 1:1), and even then not everyone is putting their money to where their mouths are. The trouble is to get it right consistently, most of the time. Only then one can talk about skill, not luck.

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Germany Services (PMI) just came out, very weak, well below expectations... some people surely knew; hence the deserved euro dumping against anything. As for BXLONDONMAN, you need to be humble. Made some money, take profit, don't be greedy for the sake of a tick or two. The market isn't stupid. In fact, major currencies are probably the most efficient instruments out there. Efficient in terms of no free lunch pricing. One ought to be extremely arrogant to ignore this. I'm not saying pound will never go to 1:1 against Euro, but those insisting on it as a foregone conclusion: what is that secret, non-public info that allows you to conclude that it is almost inevitable? If you can't give a credible answer to urself, you are doing no more than playing a casino with an incredibly good chance of winning (odds 1:1), and even then not everyone is putting their money to where their mouths are. The trouble is to get it right consistently, most of the time. Only then one can talk about skill, not luck.

Euro loss (profit/gain) faded over last half an hour or so...still. :)

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