baypond Posted December 28, 2008 Share Posted December 28, 2008 EURGBP trading at 1.04 in NZ time zone, an all time low. The FX market is clearly thinking we could see parity by the end of the week in very thin trading.To be clear, that is 1.04 Euros per GBP Link to comment Share on other sites More sharing options...
sheldonrobbo Posted December 28, 2008 Share Posted December 28, 2008 its only carrying on from where it was before xmas....no point worrying about it....gordons prepared to let the pound fall sheldon Link to comment Share on other sites More sharing options...
baypond Posted December 28, 2008 Author Share Posted December 28, 2008 yep, and like all cycles, it won't last for ever. The Irish are all buying from UK websites because all the leading stores have yet to change their pricing to reflect the exchange rate. So already the exchange rate will be improving the trade balance. Link to comment Share on other sites More sharing options...
tj Posted December 28, 2008 Share Posted December 28, 2008 And has a bit to go yet, expect to see a pound buying just 85 cents before it turns.More interesting is where will it go when it does ? Link to comment Share on other sites More sharing options...
Anton Redman Posted December 28, 2008 Share Posted December 28, 2008 Last time I was in a dealing room 19 out of 20 trades were gambles / unwinding of hedge position. I do not think it likely to have changed almost no real activity between Christmas and New Year worry about in on Janaury 7th. Link to comment Share on other sites More sharing options...
Chancer Posted December 29, 2008 Share Posted December 29, 2008 My purchases at the builders merchant on Christmas eve were debited from my Nationwide account at 1.04.At least I no longer have to calculate between the currencies! Link to comment Share on other sites More sharing options...
krusty Posted December 29, 2008 Share Posted December 29, 2008 [quote user="tj"]And has a bit to go yet, expect to see a pound buying just 85 cents before it turns. More interesting is where will it go when it does ?[/quote]It is buying 97 cents today .......it was not listening to you tj [Www] Link to comment Share on other sites More sharing options...
Ron Avery Posted December 29, 2008 Share Posted December 29, 2008 Some lose some win, Sea France Coffee anglais 2 euros, 1 litre of Smirnoff vodka 11 euros and a toblerone only 5 euros Marvellous OK I only got 1.20 for the euros spent but if your income is generated in Euroland fill yer boots now[:D] Link to comment Share on other sites More sharing options...
mint Posted December 29, 2008 Share Posted December 29, 2008 Here's the latest, folks. I guess this one will run and run.http://business.timesonline.co.uk/tol/business/economics/article5411898.ece Link to comment Share on other sites More sharing options...
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