Alchemy, turning € to GBP
May 3rd 2011, 12:16 pm
#46
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Re: Alchemy, turning € to GBP
You could try some of these.
http://www.hennightparty.co.uk/hen-n...-Whips_662.htm
That gun looks especially interesting if she won't keep her gob shut.
http://www.hennightparty.co.uk/hen-n...-Whips_662.htm
That gun looks especially interesting if she won't keep her gob shut.
May 3rd 2011, 3:06 pm
#47
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Re: Alchemy, turning € to GBP
1.11 on the afternoon news. UK not doing at all well.
May 4th 2011, 7:19 am
#48
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Re: Alchemy, turning € to GBP
Worrying, could loose my shirt at this rate.
Nobody has mentioned the state of Spanish Savings banks, which are underfunded & have been told to combine.
Nobody has mentioned the state of Spanish Savings banks, which are underfunded & have been told to combine.
May 4th 2011, 9:38 am
#49
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Posts: 5,621
Re: Alchemy, turning € to GBP
Certainly not looking very good missed the boat at the end of January I think, still they were then all saying intrests were going up in May lock in mortgages in the UK etc, then what no uk intrest rise but ECB raises rates out of the blue. So although it's all doom and gloom at the minute suppose it could go other way quckly as well! You can but hope but I am trying to hang on to my shirt and its being pulled fairly hard at the minute.
May 4th 2011, 10:53 am
#50
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Re: Alchemy, turning € to GBP
1 May 2011 8:11:07 PM Sell Amount GBP 5,369.13 Buy Amount EUR 6,000.00 Our Rate GBP/EUR 1.1175 (0.8949
Current Date & Time 1 May 2011 8:13:38 PM Sell Amount EUR 6,123.40 Buy Amount GBP 5,369.00 Our Rate EUR/GBP 0.8768 (1.1405)
Here is an example of the spread, always the same, I am not doing live forex trading, which of course is a much lower spread, what I do is wait for a shift in the market which of course has to be greater than the 123.40 difference between the 2 amounts. ie 1.1175 to -1.1405 which is eaten by the broker, any bigger than that is 10 quid ish for each point per grand ie 1.1405 to 1.1505
just one example is
23/1/09 6000 euros bought 5605.80 pounds .934
5/2/09 5606 pounds bought 6288.27 euros 1.1229
288 euros up on the transaction.
Current Date & Time 1 May 2011 8:13:38 PM Sell Amount EUR 6,123.40 Buy Amount GBP 5,369.00 Our Rate EUR/GBP 0.8768 (1.1405)
Here is an example of the spread, always the same, I am not doing live forex trading, which of course is a much lower spread, what I do is wait for a shift in the market which of course has to be greater than the 123.40 difference between the 2 amounts. ie 1.1175 to -1.1405 which is eaten by the broker, any bigger than that is 10 quid ish for each point per grand ie 1.1405 to 1.1505
just one example is
23/1/09 6000 euros bought 5605.80 pounds .934
5/2/09 5606 pounds bought 6288.27 euros 1.1229
288 euros up on the transaction.
Unless you are transferring large amounts there is no way to make money, on amounts around 1000 pounds/euros we buy 2% off market, that’s £20 roughly, we then charge £10 to send the money out, to get your money back you would need a sustained 3% swing in the market which is not that common.
If you are dealing with 50,000 I’m around 0.5% off market and therefore the market needs to move much less to get back your money plus maybe make some profit.
James Walton
Senior Dealer
If you are dealing with 50,000 I’m around 0.5% off market and therefore the market needs to move much less to get back your money plus maybe make some profit.
James Walton
Senior Dealer
Last edited by missile; May 4th 2011 at 11:07 am.
May 4th 2011, 2:06 pm
#51
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Posts: 5,008
Re: Alchemy, turning € to GBP
So it is not speculation it is simply moving my money form one of my account to another, to take advantage of the exchange rate.
As a non uni educated person, I dont understand about market swings, or anything like that, I just send money on a little journey then bring it home to daddy
then when the time is right send it off on another round trip.It really is very simple.
Last edited by JLFS; May 4th 2011 at 2:34 pm.
May 4th 2011, 3:30 pm
#52
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Re: Alchemy, turning € to GBP
Surely the simplest way is to run several different currency accounts with one building society.
It's worked well enough for me over the years, with one brief tel call when the time was exactly right or it can be done simply enough on line now.
The funds don't have to go tripping off anywhere, no fat commisions or fees, simply a matter of checking the exact rate you will get.
It's worked well enough for me over the years, with one brief tel call when the time was exactly right or it can be done simply enough on line now.
The funds don't have to go tripping off anywhere, no fat commisions or fees, simply a matter of checking the exact rate you will get.
May 6th 2011, 7:05 am
#53
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Re: Alchemy, turning € to GBP
Wey- hey & up she rises, after a disastrous spell, signs of green shoots.
After all the talk of betting , I asked who was keeping the book- even the echo fell silent.
After all the talk of betting , I asked who was keeping the book- even the echo fell silent.
May 6th 2011, 7:35 am
#54
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May 6th 2011, 7:38 am
#55
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Re: Alchemy, turning € to GBP
Thats probably because next to no one has so far been able to accurately predict what the € will do against the £. Historically, when I asked the so called currency experts prior to buying, they almost always got the prediction wrong.
May 6th 2011, 7:55 am
#56
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Re: Alchemy, turning € to GBP
If I win all to Cystic Fibrosis.
Relies on a lot of trust.
May 6th 2011, 8:44 pm
#57
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Re: Alchemy, turning € to GBP
Jun 6th 2011, 7:35 am
#58
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Re: Alchemy, turning € to GBP
Back down to 1.12 
Jun 6th 2011, 11:16 am
#59
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Re: Alchemy, turning € to GBP
Jun 6th 2011, 11:44 am
#60
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Re: Alchemy, turning € to GBP
isnt there a saying about ask 3 experts a question and get 4 different answers ?