Euro pound parity
I read that Morgan Stanley predicts euro parity with pound for 2018.
Good news eh? |
Re: Euro pound parity
We have been there before so no surprises. It was obvious it would fall once negotiations got started and got difficult. Trouble of course is how long it takes to meaningfully recover?
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Re: Euro pound parity
Originally Posted by bobd22
(Post 12314438)
We have been there before so no surprises. It was obvious it would fall once negotiations got started and got difficult. Trouble of course is how long it takes to meaningfully recover?
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Re: Euro pound parity
Originally Posted by bobd22
(Post 12314438)
.... Trouble of course is how long it takes to meaningfully recover?
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Re: Euro pound parity
1 Attachment(s)
The attached graphic actually shows that the GBP was in steady and prolonged decline against the Euro long before the brexit vote - in fact since the previous summer.
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Re: Euro pound parity
Many minor currencies are "pegged" to major currencies. The Panamanian Balboa is pegged to the US dollar, for example (1:1).
No reason why Sterling shouldn't peg to the Euro (except that those pesky foreigners use it). |
Re: Euro pound parity
Originally Posted by KieronF
(Post 12314463)
The attached graphic actually shows that the GBP was in steady and prolonged decline against the Euro long before the brexit vote - in fact since the previous summer.
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Re: Euro pound parity
The euro isn't "strong". The pound is just weak. It's all relative.
The euro has declined against the dollar for years. I remember when it was nearly $1.40 to the dollar. |
Re: Euro pound parity
Excellent time to sell in Europe and move to £s
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Re: Euro pound parity
Originally Posted by amideislas
(Post 12314601)
The euro isn't "strong". The pound is just weak. It's all relative.
The euro has declined against the dollar for years. I remember when it was nearly $1.40 to the dollar. |
Re: Euro pound parity
Originally Posted by Fredbargate
(Post 12314602)
Excellent time to sell in Europe and move to £s
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Re: Euro pound parity
Originally Posted by bobd22
(Post 12314610)
Of course it changes pound has been 1.60. All the experts must be wrong then when they say that the Euro is stronger because of concerns re USA etc. As I said reality is £ should currently be lower against the dollar which would be even worse for UK. But between dollar sterling and euro then euro is simply safer bet.
Since the referendum, the value of the pound has taken sa hit, which makes the euro look "stronger"... by comparison. But over the long haul, the euro hasn't really gained at all when compared to all major currencies. In fact, it's weakened quite a bit since 2001. |
Re: Euro pound parity
Come on , we should celebrate this, as this is what the majority voted for.
We were told this would happen, and it has, cant see a problem? |
Re: Euro pound parity
Well, they said the weakness in the pound would boost exports, but they're falling again. And with that, the exodus of global firms (employers), as the addressable market shrinks from 440 million to 60 mil. It's not pretty.
To complicate matters, the pound is expected to tank further, as is the subject of this thread. But yes, you're right. It's what Britain voted for. It's gonna be great. |
Re: Euro pound parity
Originally Posted by bobd22
(Post 12314612)
Every cloud and all that not so good though if you need euros which I imagine many will to live on
But for those that work in non sterling areas and have obligations in sterling areas this is a bonus. Swings and roundabouts ;) |
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