When is Sterling going to drop again?

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TykeMerc replied

15 April 2009, 20:00
Originally posted by PM-Junkie View Post

I bow to thee my master

Last time I noticed it was 180-odd. Amazing how quickly the number goes up when you keep posting complete and under tripe isn't it?

No kidding, since you mentioned it I realised I had passed the 2k milestone

I really must get a life....
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PM-Junkie replied

15 April 2009, 19:46
Originally posted by BrilloPad View Post

Novice.....

I bow to thee my master

Last time I noticed it was 180-odd. Amazing how quickly the number goes up when you keep posting complete and under tripe isn't it?
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BrilloPad replied

15 April 2009, 19:29
Originally posted by Green Mango View Post

Hard to say exactly as you'd have to know how much the ECB will lower it's interest rates. How much more money the BoE will print. How bad the relative news in both economies will be.

Indeed. I was thinking of USD and EUR.

Originally posted by PM-Junkie View Post

1053 posts????????? Flippin 'eck, when did that happen??

Novice.....
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Brussels Slumdog replied

15 April 2009, 19:24
Originally posted by PM-Junkie View Post

I think you're right - but only in regards to the Euro (and possibly the dollar). I still see major problems for the Eurozone in the months ahead. Sooner or later the big boys are going to start getting royally hacked off with having to stump up for the minnows.

As a Belgian resident its a contest between UK flexiblity and continental ridgit social engineering. Which economy will recover first?
Expecting employers to continue paying high social charges in France and Belgium in the long term seems risky.
Example When M&S left Belgium a few years ago the unions created quite a political stir. I am not expecting them to reinvest.
You have to accept good times and bad times which you guys back in the UK accept. The continental guys love you when you invest in the good times but hate you when times are bad and you leave. Most Investors don't return .
I am not expecting €1.40 to £1.00 but maybe €1.25 in the medium term.
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Cyberman replied

15 April 2009, 18:08
The pound will weaken in the future as the economic situation worsens and Labour fail to make the necessary spending cuts. We are in a bear rally at the moment and this will definitely not last.
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threaded replied

15 April 2009, 18:06
Originally posted by Olly View Post

Just got my final invoice paid in Euro...managed a big transfer at New Year at 1.03 to the Euro, then last month at 1.08 ...today it looks like 1.14 is the flavour of the day.

Is the pound going to slide back against the Euro in the next few months?

Ta for your insightful accurate predictions

This isn't just a recession, it's more like the fall of the Roman Empire.

Gold will turn on April 19.
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PM-Junkie replied

15 April 2009, 17:52
1053 posts????????? Flippin 'eck, when did that happen??
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PM-Junkie replied

15 April 2009, 17:51
Originally posted by BrilloPad View Post

I think pound will medium term strengthen relatively : as all the other currencies weaken.

But I always get these things wrong.

I think you're right - but only in regards to the Euro (and possibly the dollar). I still see major problems for the Eurozone in the months ahead. Sooner or later the big boys are going to start getting royally hacked off with having to stump up for the minnows.
Leave a comment:
Green Mango replied

15 April 2009, 17:50
Hard to say exactly as you'd have to know how much the ECB will lower it's interest rates. How much more money the BoE will print. How bad the relative news in both economies will be.
Leave a comment:
BrilloPad replied

15 April 2009, 17:45
I think pound will medium term strengthen relatively : as all the other currencies weaken.

But I always get these things wrong.
Leave a comment:
Olly started a topic When is Sterling going to drop again?

15 April 2009, 17:43
When is Sterling going to drop again?

Just got my final invoice paid in Euro...managed a big transfer at New Year at 1.03 to the Euro, then last month at 1.08 ...today it looks like 1.14 is the flavour of the day.

Is the pound going to slide back against the Euro in the next few months?

Ta for your insightful accurate predictions
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