GBP - EUR rates breaks 1.17 first time in 8 months
Nov 10th 2011, 11:48 am
#33
Not Banned (yet)
Joined: Aug 2008
Location: Madrid
Posts: 6,400
Re: GBP - EUR rates breaks 1.17 first time in 8 months
For some reason the page numbering on this thread title is in reverse order on the board - anyone else see this?
Nov 10th 2011, 11:59 am
#34
Not Banned (yet)
Joined: Aug 2008
Location: Madrid
Posts: 6,400
Re: GBP - EUR rates breaks 1.17 first time in 8 months
Gets more complicated - this article states that the Euro will possibly rise in value because of the current difficulties...
http://www.bbc.co.uk/news/15676704
http://www.bbc.co.uk/news/15676704
Strange but true: the euro is worth almost as much today as it was a month ago, despite all the dramas in Greece and Italy. It's actually about 3% up against the dollar since the start of the year.
You might see that as a vote of confidence, that somehow the single currency will get through this intact. You'd be wrong.
In fact, anyone who thinks that there will still be 17 members in the eurozone in a few years' time should be expecting the value of the currency to go down. Ironically, it's only if you think the eurozone might be about to break apart that it makes good sense to buy.
You might see that as a vote of confidence, that somehow the single currency will get through this intact. You'd be wrong.
In fact, anyone who thinks that there will still be 17 members in the eurozone in a few years' time should be expecting the value of the currency to go down. Ironically, it's only if you think the eurozone might be about to break apart that it makes good sense to buy.
Nov 10th 2011, 7:10 pm
#36
Bleating on & on
Joined: Dec 2008
Posts: 148
Re: GBP - EUR rates breaks 1.17 first time in 8 months
So much written ... so little known ... how we the peasants chat around the small talk .... but influence nothing....
May as well discuss problems with my fleece !!
May as well discuss problems with my fleece !!
