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Halo Jones
8th May 2012, 06:55
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: :wink

Ok so I am off to Leipzig (http://www.wave-gotik-treffen.de/english/bands.php)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..

BrilloPad
8th May 2012, 07:04
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.

Bacchus
8th May 2012, 07:14
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 :smile

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

BlasterBates
8th May 2012, 07:15
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.

northernladuk
8th May 2012, 07:38
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.

fullyautomatix
8th May 2012, 09:35
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.:smokin

Old Greg
8th May 2012, 09:38
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.

scooby
8th May 2012, 09:48
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 :laugh

BrilloPad
8th May 2012, 09:56
BBC News - Pound at 1.20 euros for tourists (http://www.bbc.co.uk/news/business-17988159)

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."

BrilloPad
8th May 2012, 09:58
EMH :laugh

You learn something new every day with CUK - I had to look that up :-

Efficient-market hypothesis - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Efficient-market_hypothesis)

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

Lockhouse
8th May 2012, 10:00
Can you find out where I can get best rates to exchange £ to Euro please?

Thanks.

Thomas Exchange Global (if you're in London)

scooby
8th May 2012, 10:04
You learn something new every day with CUK - I had to look that up :-

Efficient-market hypothesis - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Efficient-market_hypothesis)

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

Had my corporate finance exam on Saturday, thats the only reason I know it!! :wink

BrilloPad
8th May 2012, 10:28
Had my corporate finance exam on Saturday, thats the only reason I know it!! :wink

How did it go? When do you know the result? Do you expect to earn much more money from the extra gigs you can go for?

scooby
8th May 2012, 10:52
How did it go? When do you know the result? Do you expect to earn much more money from the extra gigs you can go for?

No idea, but EMH was one of the questions! :) 2mths for results. Im hoping the MBA (when finally finished...) will help me add a £1 or £2 per day, but i think it will carry more weight in the permie world...

Platypus
8th May 2012, 13:26
EMH

Emergency Medical Hologram ...

http://www.wixiban.com/images/ccg2e/cl/cl-10a10.jpg

darmstadt
8th May 2012, 18:59
I can recommend (http://www.auerbachs-keller-leipzig.de/)this place, apparently Adolf used to use it...

Old Hack
9th May 2012, 12:41
Read a clever chap the other day saying by autumn it will be 1.30 to the pound, and I can't see it recovering in the short term. Id hold fire.

TheFaQQer
10th May 2012, 12:23
Read a clever chap the other day saying by autumn it will be 1.30 to the pound, and I can't see it recovering in the short term. Id hold fire.

That's what they were saying on Radio 2 on Tuesday, but to slide to 1.30 sooner than the Autumn.

Chances of the Greeks staying in the Euro are slim, which is going to drive it down further. Analysts give it 4/5 chance that they will leave; 3/5 chance that they will be forced out; 2/5 chance that they will stay in.

I'm waiting until just before my French holiday in the summer to buy.

tractor
10th May 2012, 12:44
Instead of asking here, the OP should ask Merv, our man at the BoE. Whatever he tells you, do the opposite as he has never got a prediction right in living memory.