Is the pound set to make a comeback against the Euro?

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qwerty
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Postby qwerty » Thu Jan 05, 2012 9:48 pm

Villyman wrote:Getting 2.34 from Nationwide at the moment so no complaints here. It has been going up now for over 2 months. Long may it last. :D


On the FX spots earlier today 1.216 GBP/EUR equated to 2.3694 BGN/GBP so going forward 1.30 GBP/EUR as the currency pundits were predicting for 2012 would be some place around 2.50 BGN/GBP..

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Postby Villyman » Thu Jan 05, 2012 9:57 pm

That will do nicely, thank you. :D

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Postby Pascalcho » Thu Jan 05, 2012 11:40 pm

bigbulg wrote:I did read a report that the Govt/BOE are making plans against a dramatic rise in the value of the £ should the Euro collapse. The steady rise is due to a lot of money going into the £ from Europe because its seen as the closest "safe haven". Probably only until the DMark is resurrected.


Something like 'the quietness before the storm'?

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chappers
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Postby chappers » Fri Jan 06, 2012 10:03 am

Lets not get too excited. As quick as it has made a positive turn for us it could revert the other way.

But it is so much better than the days of 2.05 :lol:

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Postby ardleystar » Fri Jan 06, 2012 1:01 pm

If I bought a property worth 65K Euro in 2005 when GBP was equal to 1.45 Euro I could sell it now for 56K Euro and providing the GBP was equal to 1.25 Euro, break even. Inflation not factored 8O

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qwerty
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Postby qwerty » Fri Jan 06, 2012 1:13 pm

ardleystar wrote:If I bought a property worth 65K Euro in 2005 when GBP was equal to 1.45 Euro I could sell it now for 56K Euro and providing the GBP was equal to 1.25 Euro, break even. Inflation not factored 8O


Yep 44,800 GBP original sum back in the bank :D

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Postby Hippyboy » Fri Jan 06, 2012 5:22 pm

I was planning on a bank tranfer to BG sometime in 2012 , so 2.50 plus would be great . I imagine that the Swiss Franc is still a pretty safe bet , so if people are going for pounds maybe they know something ; upwards and onwards ! Tim .

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Mat
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Postby Mat » Fri Jan 06, 2012 8:26 pm

People are buying pounds because in the land of the blind the one eyed man is king

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qwerty
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Postby qwerty » Sat Jan 07, 2012 9:43 am

Mat wrote:People are buying pounds because in the land of the blind the one eyed man is king


:lol: The other analogy that traders frequently used to describe the Pound is;

When your drunk at the end of the night, you'll take the least ugly bird back home when faced with just a parade of ugly sisters!!


Those currency traders can be so sexist at times.... 8O

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Postby ardleystar » Sat Jan 07, 2012 11:16 am

Investors just looking for a safe haven :wink:


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