Monday, October 12, 2009

Euro Parity ahead?

FTSE Hits 12-Month High As Sterling Slips

"The rally came as the pound moved in the opposite direction - slumping to its lowest level against the euro in more than six months and sparking renewed fears that it could be heading for parity. Low interest rates and high levels of public debt are also behind the pound's lack of appeal for investors". "Sterling dropped to a low of 1.069 vs Euro - a level not seen since the end of March".

Posted by alan @ 04:38 PM (1136 views)
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7 thoughts on “Euro Parity ahead?

  • Some things are more obvious to some than they are to others, but the US dollar has a far worse destiny.

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  • Crunchy, I think it is the pound that is going to crash to bring in the new currency. Could be why we did not join the euro. The pound crashing will reverberate around the world, but if the dollar crashed there would be war.

    Could also be the reason why house prices are going up instead of down due to the fact that the super rich are depositing their pounds in housing. Love to know what others think as I am starting to feel real worried as to the safety of my money.

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  • Money Illusion.

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  • “Heading for parity”. This morning Travelex at GLA were selling at 1.0043. Near enough parity for most people…

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  • Some things are more obvious to some than they are to others, but the US dollar has a far worse destiny.

    I would not bet on that, just yet. Sterling will go down a long time before the dollar does.

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  • 3. hpwatcher

    The dollar has been planned into oblivion. That’s the differents.

    OK IT’S ON THE HPC RECORDS NOW. See into the future become a conspiraloon. As nutty as a basket of currencies! lol

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  • Bank figures are out this week: JPMorgan, Goldman, Bank of America. Lets see what kind of losses are taken from this ongoing company failure/repossession fallout. Properties are still getting reposessed, shops are closing up.

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