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Forum: Portugal

Oct 29th 2009, 2:21 pm

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

Using Nationwide card (not credit) to draw cash doesn't incur any commission, explicit or hidden. It's a unique deal unmatched by anyone else AFAIK.

Forum: Portugal

Oct 28th 2009, 10:50 pm

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

It's only a matter of time before it does.

Forum: Portugal

Jan 11th 2009, 11:56 am

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

I think they need a 2.5% cut. Instead, they'll go for 0.5%.

That's one good reason for the UK to keep the pound.

Forum: Portugal

Jan 8th 2009, 11:51 am

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

The BOE reduced the rates by 0.5%. This should help the pound because the cut was at the lower end of expectations.

Forum: Portugal

Jan 4th 2009, 10:29 am

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

If you've lived in Germany, you must know how messed up and over-regulated its economy is. There's been no visible growth for ages, at least in the West.

The trouble with Europe and the euro is...

Forum: Portugal

Jan 3rd 2009, 1:30 pm

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

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...

Forum: Portugal

Dec 29th 2008, 3:09 pm

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

Thanks for the link.

I think that in Portugal booms and busts are less sharp than in the US or UK. It's a socialist country, like France, Germany etc. The economy is stifled by high taxes and...

Forum: Portugal

Dec 23rd 2008, 1:08 pm

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

I don't think it's going to be 18 months. Energy costs are on their way down. Oil is slumping which means that food prices should drop next year.

You don't necessarily have to wait for the pound...

Forum: Portugal

Dec 22nd 2008, 8:08 pm

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

There's nothing worse than a stagnation. A crisis is better because it prompts a reform while stagnation delays it.

And so is Germany - click on the link in the post above.

It served the UK...

Forum: Portugal

Dec 21st 2008, 5:19 pm

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

German economy is growing at about 1.5% per year:

http://indexmundi.com/g/g.aspx?c=gm&v=66

It's been pretty much in the state of permanent stagnation since the re-unification. I haven't seen...

Forum: Portugal

Dec 6th 2008, 11:15 am

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

The interest rates in both the UK and Euro zone will soon end up dropping to zero or a symbolic 0.25%. In fact, they should be there now.

The European central bank has more self-important bums...

Forum: Portugal

Dec 4th 2008, 12:01 pm

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

The Bank of England cut their benchmark rate by 100 bps as was expected by economist bringing it to 2.00%. The Pound traded higher on the news...

Forum: Portugal

Dec 4th 2008, 10:51 am

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

Absolutely, unless you want to be perfect and wait until the pound bottoms out. Obviously it's impossible to tell when exactly that is going happen.

Forum: Portugal

Dec 4th 2008, 9:39 am

Replies: 176

UK Pound v's Euro

Views: 26,050

Posted By PubChampion

Re: UK Pound v's Euro

It depends on by how much they go down. If it's no more than the markets expect (1%) then the pound will strengthen. If it's more than 1% it will drop. That's because the exchange rate at the...

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