€ vs £.....

[Jog On]

€ vs £ is a bit boring and sluggish today - could do with a bit of livening up

Maybe NY open will spice things up a bit..

 

[alreadypacked]

Question for you:
If you had £100K what currency would you hold it in.

1. stay in sterling exchange rate is too low to move it.
2. change into Euro, Sterling is only going lower.
???

 

[DimPrawn]

Question for you:
If you had £100K what currency would you hold it in.

1. stay in sterling exchange rate is too low to move it.
2. change into Euro, Sterling is only going lower.
???

Swiss Francs or Gold. And yes Gold is a currency, not a commodity.

HTH BIDI

 

[alreadypacked]

Swiss Francs or Gold. And yes Gold is a currency, not a commodity.

HTH BIDI

But the Swiss Franc is so high at the moment that I would lose 15% if I moved now

 

[eek]

Question for you:
If you had £100K what currency would you hold it in.

1. stay in sterling exchange rate is too low to move it.
2. change into Euro, Sterling is only going lower.
???

At the moment.

1) The Euro carries too much risk until they decide what to do with Greece, Portegal and the others.
2) gold is on a high. It may go higher but probably needs to consolidate first.
3) The Chf is the currency of panic. With people panicing at the moment you can't win.

Personally I would stay in Sterling provided you plan to stay in the UK. Its not the best option but the downside of the other options look worse.

 

[Jog On]

Question for you:
If you had £100K what currency would you hold it in.

1. stay in sterling exchange rate is too low to move it.
2. change into Euro, Sterling is only going lower.
???

AUD for the interest rate and strength and correlation with gold

 

[Lockhouse]

Swiss Francs or Gold. And yes Gold is a currency, not a commodity.

HTH BIDI

Swedish Kroner.

 

[scooterscot]

Question for you:
If you had £100K what currency would you hold it in.

1. stay in sterling exchange rate is too low to move it.
2. change into Euro, Sterling is only going lower.
???

I'd keep it in euros. Sterling and dollar printing presses may start up again.

 

[scooterscot]

At the moment.

1) The Euro carries too much risk until they decide what to do with Greece, Portegal and the others.
2) gold is on a high. It may go higher but probably needs to consolidate first.
3) The Chf is the currency of panic. With people panicing at the moment you can't win.

Personally I would stay in Sterling provided you plan to stay in the UK. Its not the best option but the downside of the other options look worse.

1) The euro would probably increase in value if Greece defaults. What happens to your basket when you remove the rotten eggs?

The UK does not yet have an economic base from which to recover, whereas the majority of euro countries do.

 

[Sysman]

But the Swiss Franc is so high at the moment that I would lose 15% if I moved now

So you wouldn't sell a house if you faced a loss of 15%, even if it looked like falling further?

Sunk costs