A question for those of us who don't follow the finanicial world as closely as some of you; would this be a good day for me to transfer money from my Sterling bank account to my euro one? Or should I wait?
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Oh, I’m sorry….I seem to be lost. I was looking for the sane side of town. I’d ask you for directions, but I have a feeling you’ve never been there and I’d be wasting my time. -
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It depends on how you view the GBP position against EUR. If you need the money in EUR now, I'd do it now.Originally posted by SizeZero View Post
If you need the money in EUR withing the next 0-12 months, I'd do it now.
If you're speculating you can make your own decisions
"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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eh ?
Milan.Comment
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First the good news:
Due to the pound's performance over the past month or so, my portfolio (in GBP terms) has gone up > 50k
Bad news (for you GBP-based contractors):
Get used to holidaying in SkegnessComment
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You mean soft arbitrage rather than hard arbitrage?Originally posted by Moscow Mule View PostIt depends on how you view the GBP position against EUR. If you need the money in EUR now, I'd do it now.
If you need the money in EUR withing the next 0-12 months, I'd do it now.
If you're speculating you can make your own decisionsComment
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I'm unsure of the exact terms. My point is;Originally posted by BrilloPad View Post
It's worth taking the lower EUR rate of interest if you think you'll need the EUR (to pay for something) in the next 0-12 months as the GBP-EUR rate will get worse over that period, making the extra GBP you make not worth it.
If you don't need to spend EUR over that timeframe, keep it in GBP as it'll sort itself out over the longer timeframe.
All IMO, IANAIFA, I have not done the exact sums involved etc etc."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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'it in GBP as it'll sort itself out over the longer timeframe'
you reckon, rather you than me !
still I guess someone has to hold them (£)
Milan.Comment
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... holiday cash
So should I now get some Euros for the summer holidays in Europe or wait.....?Comment
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All my bills are in GBP - the only reason for me to hold EUR is speculation. In which case, I'll have a spread bet.Originally posted by milanbenes View Post"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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