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Advice Please

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    Advice Please

    Regardless of being female I do know when I am out of my field of expertise, so I thought I would come to the font of all knowledge that is CUK:

    Ok so I am off to Leipzig at the end of the Month, do we think the Euro (as in currency) is going to drop much further?, I only plan to take £2-3K spending money (which I know is peanuts to you high flying contractors, but I am a poor permie) & I am trying to get the most for my money

    Poll to follow..
    14
    Buy Now: Hollande will kiss German booty & further indebt France
    14.29%
    2
    Buy Next week: The Greek far left will can austerity & the Euro will fall some more
    64.29%
    9
    Run for it: AndyW, Hollande & Merkel will form a ménage a trois & the Euro will replace the Dollar
    21.43%
    3
    Growing old is mandatory
    Growing up is optional

    #2
    In theory markets already contain all the information so you will not gain or lose. But you are only talking about 3 weeks which is nothing really. In my opinion the Euro will now fall for the next few months until it splits (I reckon the Northern countries will leave).

    Personally I would wait 2 weeks then buy. But I am usually wrong.

    Comment


      #3
      Originally posted by BrilloPad View Post
      In theory markets already contain all the information so you will not gain or lose. But you are only talking about 3 weeks which is nothing really. In my opinion the Euro will now fall for the next few months until it splits (I reckon the Northern countries will leave).

      Personally I would wait 2 weeks then buy. But I am usually wrong.
      I agree with Brillo. He's usually wrong

      But I would wait too. Friend of mine just lost a grand due to the fall of the Euro, and it is likely to go further with the Greek commies and Hollande stirring it up

      Comment


        #4
        Yes the Euro will drift down. I very much doubt it will split. If you actually look closely at what Hollande promised, in the short term that's 60000 new jobs that's actually quite a small spending increase. His other promises won't have an immediate effect. He sounds very left, but as has been pointed out he did spend some time "bean counting" in some finance ministry, so he probably isn't as irresponsible as he perhaps appears. The Greeks won't be leaving the Euro, and will probably go back and vote again, and in any case the markets will be jittery , i.e. soaring interest rates at the first signs of over spending, which will keep politicians focused.

        So a slow drift is to be expected, and a change in perception of EU policy, but not really a change at all....because lets face it the markets rule.
        I'm alright Jack

        Comment


          #5
          Also check out the post office, they have scaled rates depending on how much you change so the more you change the better the rate is. I am sure many other places are the same but I was in there the other day and they mentioned it.
          'CUK forum personality of 2011 - Winner - Yes really!!!!

          Comment


            #6
            I really think you are over worrying yourself for just 2K. If the worst happens and Euro gets hammered completely you will only lose 2K.

            Now if you are a day trader in foreign currency and constantly hedge tons of money you should be sitting there analysing the Euro election trends and guessing the long term effect of socialism in Euro zone.
            Vote Corbyn ! Save this country !

            Comment


              #7
              Originally posted by northernladuk View Post
              Also check out the post office, they have scaled rates depending on how much you change so the more you change the better the rate is. I am sure many other places are the same but I was in there the other day and they mentioned it.
              Can you find out where I can get best rates to exchange £ to Euro please?

              Thanks.

              Comment


                #8
                Originally posted by BrilloPad View Post
                In theory markets already contain all the information so you will not gain or lose. But you are only talking about 3 weeks which is nothing really. In my opinion the Euro will now fall for the next few months until it splits (I reckon the Northern countries will leave).

                Personally I would wait 2 weeks then buy. But I am usually wrong.
                EMH
                I didn't say it was your ******* fault, I said I was blaming you!

                Comment


                  #9
                  BBC News - Pound at 1.20 euros for tourists

                  Pound at 1.20 euros for tourists

                  Chris Towner, at specialist foreign currency firm HiFx, predicted that the pound should strengthen further.

                  "It is at very tempting levels, but sterling is still undervalued against the euro," he said.

                  "It should reach 1 euro 27, or 1 euro 28, in the coming months."

                  Comment


                    #10
                    Originally posted by scooby View Post
                    EMH
                    You learn something new every day with CUK - I had to look that up :-

                    Efficient-market hypothesis - Wikipedia, the free encyclopedia

                    Personally I believe that if you dont know there is a fool in the market then you are the fool in the market.

                    Comment

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