UK Pound v's Euro
Jan 2nd 2009, 7:09 am
#91
RETIRED ;-))
Joined: Jul 2003
Location: Benalmadena Pueblo,Spain
Posts: 20,156
Re: UK Pound v's Euro
Even if I make myself some enemies with my first contribution here...
I would be in favour of the UK joining the euro zone. I mean, now the whole of British exports but also imports are affected by this exchange-rate dilemma. And I say it is a dilemma!
Because I fear the day the GBP goes under. And mind you the UK also imports from euro countries.
Within those countries, there is no currency disturbance... A Dutchman can buy his things in Germany or Belgium and will not note a difference.
No, that was Blair's biggest and most expensive mistake...
I tell you what: The Government has something to hide. That's why they keep the euro question under the rug....
There is more evil to come!!
I would be in favour of the UK joining the euro zone. I mean, now the whole of British exports but also imports are affected by this exchange-rate dilemma. And I say it is a dilemma!
Because I fear the day the GBP goes under. And mind you the UK also imports from euro countries.
Within those countries, there is no currency disturbance... A Dutchman can buy his things in Germany or Belgium and will not note a difference.
No, that was Blair's biggest and most expensive mistake...
I tell you what: The Government has something to hide. That's why they keep the euro question under the rug....
There is more evil to come!!
Jan 2nd 2009, 11:09 am
#92
Just Joined
Joined: Jan 2009
Posts: 6
Re: UK Pound v's Euro
Yes exactly... And they want you / us to believe that the euro is bad ...
See the joy in Slovakia that they got the euro?
If it is so bad, why do countries like Malta and Cyprus join the zone...
So it cannot be that bad. And do you hear anything sad from the new euro countries?? I have not heard anything lamenting there, and I have friends in Cyprus.
Come on... Having the euro has not stopped the Belgian people from being Belgians or the Portuguese people from being Protugueses....
See the joy in Slovakia that they got the euro?
If it is so bad, why do countries like Malta and Cyprus join the zone...
So it cannot be that bad. And do you hear anything sad from the new euro countries?? I have not heard anything lamenting there, and I have friends in Cyprus.
Come on... Having the euro has not stopped the Belgian people from being Belgians or the Portuguese people from being Protugueses....
Jan 2nd 2009, 11:40 am
#93
Forum Regular
Joined: Jul 2008
Posts: 293
Re: UK Pound v's Euro
I remember at the summer reading an article about the euro in portugal being disliked.
Heres the thing about the recent addition to the euro , it should water down the value of the euro slightly as there is more heads in the joined money system....and what was that countries economic state before it?
Those that joined the euro in the last couple of years are very happy is that its better than the state of their own economy prior to it.
The pound will rebound , the euro will weaken again.Time though is the problem for those on fixed incomes related to the gbp.
For those with short memories this has happened before , and will happen again.The eurozone havent hit the wall yet , parts will suffer harder than others , ie spain and portugal developments looking now like bad debt on the horizon.
Last year it was the perfect storm in financial terms , too many once in a lifetime problems at the same time ....stemming from bad credit , oil price , and footise lead ballooning.
We we will be royally donald ducked if it happens again this year...watch those oil prices.China is clever enough to be stockpiling for the future.Uk though well it has brown and darling on the white horse to save the world.
Heres the thing about the recent addition to the euro , it should water down the value of the euro slightly as there is more heads in the joined money system....and what was that countries economic state before it?
Those that joined the euro in the last couple of years are very happy is that its better than the state of their own economy prior to it.
The pound will rebound , the euro will weaken again.Time though is the problem for those on fixed incomes related to the gbp.
For those with short memories this has happened before , and will happen again.The eurozone havent hit the wall yet , parts will suffer harder than others , ie spain and portugal developments looking now like bad debt on the horizon.
Last year it was the perfect storm in financial terms , too many once in a lifetime problems at the same time ....stemming from bad credit , oil price , and footise lead ballooning.
We we will be royally donald ducked if it happens again this year...watch those oil prices.China is clever enough to be stockpiling for the future.Uk though well it has brown and darling on the white horse to save the world.
Jan 2nd 2009, 12:29 pm
#94
Just Joined
Joined: Jan 2009
Posts: 6
Re: UK Pound v's Euro
I do not have a short memory. There have always been voices disliking the euro, also in Germany etc. BUT ... these voices have been proven 100% wrong.
Well... even if I am pro-euro... That will not influence my hope that British economy recovers. The pound will only recover if the British companies recover. And I say British, no American investors pulling out British money.
But get over the euro-phobia. Don't trust any articles by some "experts". These "experts" should get lost! They also talked many into the mortgage bubble...
Well... even if I am pro-euro... That will not influence my hope that British economy recovers. The pound will only recover if the British companies recover. And I say British, no American investors pulling out British money.
But get over the euro-phobia. Don't trust any articles by some "experts". These "experts" should get lost! They also talked many into the mortgage bubble...
Last edited by Philforeuro; Jan 2nd 2009 at 12:36 pm.
Jan 3rd 2009, 10:40 am
#95
Forum Regular
Joined: Mar 2007
Posts: 171
Re: UK Pound v's Euro
I do not have a short memory. There have always been voices disliking the euro, also in Germany etc. BUT ... these voices have been proven 100% wrong.
Well... even if I am pro-euro... That will not influence my hope that British economy recovers. The pound will only recover if the British companies recover. And I say British, no American investors pulling out British money.
But get over the euro-phobia. Don't trust any articles by some "experts". These "experts" should get lost! They also talked many into the mortgage bubble...
Well... even if I am pro-euro... That will not influence my hope that British economy recovers. The pound will only recover if the British companies recover. And I say British, no American investors pulling out British money.
But get over the euro-phobia. Don't trust any articles by some "experts". These "experts" should get lost! They also talked many into the mortgage bubble...
Jan 3rd 2009, 11:09 am
#97
mshlgw
Joined: May 2005
Location: Pombaria, Alvaiazere
Posts: 54
Re: UK Pound v's Euro
Closed at 1.0451 yesterday. BOE expected to cut interest rates next week so expect the pound to maybe reach parity or less.:curse:
Jan 3rd 2009, 11:51 am
#98
BE Enthusiast
Thread Starter
Joined: Sep 2007
Location: Woodbridge (x Tavira)
Posts: 817
Re: UK Pound v's Euro
I agree, as soon as the interest rates are cut the pound will drop.
Joao
Joao
Jan 3rd 2009, 1:30 pm
#100
Forum Regular
Joined: Jun 2008
Location: Silver Coast
Posts: 299
Re: UK Pound v's Euro
Only if they were cut by more than expected. If it's as expected or less, it should strengthen.
The expected amount of reduction is already priced in the current exchange rate.
The pound should weaken a bit just before the decision is announced (Thrursday morning). That's because the markets don't like uncertainty.
The expected amount of reduction is already priced in the current exchange rate.
The pound should weaken a bit just before the decision is announced (Thrursday morning). That's because the markets don't like uncertainty.
Jan 3rd 2009, 5:48 pm
#101
Forum Regular
Joined: Mar 2007
Posts: 171
Re: UK Pound v's Euro
I still think interest rate cut or not , the pound will start climbing back up against the euro during February. There is so much bad news still to come out of Euroland...especially Germany..who along with France are the Euroland.There is no place for the Euro to hide...The UK has most of its dirty washing on show... the others have not.
Jan 3rd 2009, 6:23 pm
#102
Just Joined
Joined: Jan 2009
Posts: 6
Re: UK Pound v's Euro
You don't seem to get it.
It is this speculation which damages the pound. And with regard to bad news: the bad news is NOW. Not February. And it does not affect the GBP / EUR relation.
You THINK everything on this issue is on the table in the UK. But is it really? What if they persist lying to us and it is not? What if all the sticking to our beloved pound is a big lie??
Yes I loved the pound too. I did. But hey let us face reality. The UK is not as powerful anymore. It is time for a change. not 19th Century Politics is asked for but there has to be an answer for tomorrows generation. And the euro is the solution. Not for sober politics in the UK, but economically yes. It will bring stability back to the UK. And the government can finally tackle all the other problems there are in the UK. We all know there are a lot, and with regard to them, currency is the lesser.
It is this speculation which damages the pound. And with regard to bad news: the bad news is NOW. Not February. And it does not affect the GBP / EUR relation.
You THINK everything on this issue is on the table in the UK. But is it really? What if they persist lying to us and it is not? What if all the sticking to our beloved pound is a big lie??
Yes I loved the pound too. I did. But hey let us face reality. The UK is not as powerful anymore. It is time for a change. not 19th Century Politics is asked for but there has to be an answer for tomorrows generation. And the euro is the solution. Not for sober politics in the UK, but economically yes. It will bring stability back to the UK. And the government can finally tackle all the other problems there are in the UK. We all know there are a lot, and with regard to them, currency is the lesser.
Jan 3rd 2009, 7:31 pm
#103
Forum Regular
Joined: Mar 2007
Posts: 171
Re: UK Pound v's Euro
You don't seem to get it.
It is this speculation which damages the pound. And with regard to bad news: the bad news is NOW. Not February. And it does not affect the GBP / EUR relation.
You THINK everything on this issue is on the table in the UK. But is it really? What if they persist lying to us and it is not? What if all the sticking to our beloved pound is a big lie??
Yes I loved the pound too. I did. But hey let us face reality. The UK is not as powerful anymore. It is time for a change. not 19th Century Politics is asked for but there has to be an answer for tomorrows generation. And the euro is the solution. Not for sober politics in the UK, but economically yes. It will bring stability back to the UK. And the government can finally tackle all the other problems there are in the UK. We all know there are a lot, and with regard to them, currency is the lesser.
It is this speculation which damages the pound. And with regard to bad news: the bad news is NOW. Not February. And it does not affect the GBP / EUR relation.
You THINK everything on this issue is on the table in the UK. But is it really? What if they persist lying to us and it is not? What if all the sticking to our beloved pound is a big lie??
Yes I loved the pound too. I did. But hey let us face reality. The UK is not as powerful anymore. It is time for a change. not 19th Century Politics is asked for but there has to be an answer for tomorrows generation. And the euro is the solution. Not for sober politics in the UK, but economically yes. It will bring stability back to the UK. And the government can finally tackle all the other problems there are in the UK. We all know there are a lot, and with regard to them, currency is the lesser.
Maybe a chat with Ireland about overheating and Germany about overcooling...now that might interest you
Jan 3rd 2009, 11:05 pm
#104
Just Joined
Joined: Jan 2009
Posts: 6
Re: UK Pound v's Euro
Well taking things seriously is the only way to tackle things.
I have lived in Germany, The Netherlands and currently I am in Estonia.
So I know about criticisms and scepticisms.
And I have been using the single European currency on a daily basis. My business requires that i have reliablity. And sorry the pound is not that reliable any more. Too many maybes etc. And public opinion is one thing. The reality now is another.I know many said that the euro made goods more expensive and such things. And now? The euro is the only rock in the finacial market.
I have lived in Germany, The Netherlands and currently I am in Estonia.
So I know about criticisms and scepticisms.
And I have been using the single European currency on a daily basis. My business requires that i have reliablity. And sorry the pound is not that reliable any more. Too many maybes etc. And public opinion is one thing. The reality now is another.I know many said that the euro made goods more expensive and such things. And now? The euro is the only rock in the finacial market.
Jan 4th 2009, 5:38 am
#105
BE Forum Addict
Joined: Aug 2007
Posts: 1,782
Re: UK Pound v's Euro
Well taking things seriously is the only way to tackle things.
I have lived in Germany, The Netherlands and currently I am in Estonia.
So I know about criticisms and scepticisms.
And I have been using the single European currency on a daily basis. My business requires that i have reliablity. And sorry the pound is not that reliable any more. Too many maybes etc. And public opinion is one thing. The reality now is another.I know many said that the euro made goods more expensive and such things. And now? The euro is the only rock in the finacial market.
I have lived in Germany, The Netherlands and currently I am in Estonia.
So I know about criticisms and scepticisms.
And I have been using the single European currency on a daily basis. My business requires that i have reliablity. And sorry the pound is not that reliable any more. Too many maybes etc. And public opinion is one thing. The reality now is another.I know many said that the euro made goods more expensive and such things. And now? The euro is the only rock in the finacial market.
Last edited by johnh009; Jan 4th 2009 at 6:04 am.