£:€ tops 1.20 for the first time since January

No, really... it does!
But does it matter more in Malta than at home?

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Re: £:€ tops 1.20 for the first time since January

Postby gozomark » Thu 15 Jan 2015 21:39

yes, I'm looking to start moving some savings
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Re: £:€ tops 1.20 for the first time since January

Postby PeaCakes » Thu 15 Jan 2015 21:53

Maybe me too......I think it has just topped 1.3.
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Re: £:€ tops 1.20 for the first time since January

Postby gozomark » Thu 22 Jan 2015 18:20

1.32
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Re: £:€ tops 1.20 for the first time since January

Postby SteveGill » Sat 24 Jan 2015 12:51

Peaked above 1.34 yesterday before falling back slightly.
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Re: £:€ tops 1.20 for the first time since January

Postby gozomark » Sat 24 Jan 2015 13:00

personally its time to start buying some euros :-)
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Re: £:€ tops 1.20 for the first time since January

Postby PeaCakes » Sun 25 Jan 2015 18:22

Amazing the difference now and fifteen months ago on a transfer of say £5k.
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Re: £:€ tops 1.20 for the first time since January

Postby Playbyte » Wed 28 Jan 2015 15:31

And it keeps on going up - €1.342 earlier today, how high will it go I wonder.
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Re: £:€ tops 1.20 for the first time since January

Postby gozomark » Wed 28 Jan 2015 15:49

For some years I've been posting that 1.30-1.40 is fair value, so to me its now as likely to go up as down over the next couple of years. As, apart from my house, 99% of my assets are in £,, it makes sense to move at least some of that into euros, looking to move 10% currently
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Re: £:€ tops 1.20 for the first time since January

Postby Playbyte » Tue 10 Mar 2015 09:36

The exchange rate keeps on climbing. UKForex are today showing just over €1.40 to the pound as the inter bank rate.
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Re: £:€ tops 1.20 for the first time since January

Postby gozomark » Tue 10 Mar 2015 09:42

To my mind the biggest threats to sterling right now are
1. the general election and if the result is a labour/snp coalition.
2. risk of BoE coming out and saying sterling strength is having negative impact on the UK economy, and downgrades to UK groeth
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Re: £:€ tops 1.20 for the first time since January

Postby dave dee » Sun 05 Jul 2015 14:38

Mark, as you clearly have super results on your futuristic predictions, could you predict the Grand National winner for 2020 so I can get the best odds early.. :roll:
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Re: £:€ tops 1.20 for the first time since January

Postby gozomark » Sun 05 Jul 2015 14:44

did you pick 5 years out based on how long it took my prediction of 1.40 to come true (which I said might take 2 years...) ?

In which case, even if I know the winner, it might win in 2023 rather and 2020....
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Re: £:€ tops 1.20 for the first time since January

Postby gozomark » Sun 05 Jul 2015 17:07

back when the rate was 1.10 I thought fair value was 1.30-1.40 - I still think that, but I suspect 1.50 is likely in the next 12 months

UK growth better than EU
interest rates likely to go up in UK before EU
UK government exposure to Greek debt relatively far lower than EU
UK election out the way

in fact, it all looks relatively so much better in UK than rest of EU, that you wonder how much relatively better can it get, so is sterling getting close to a high ? yes, with one big issue - the UK referendum on whether to stay in EU

and, sticking my neck out, I dont think what happens in Geece really matters any more, other than the short term. Greece is never going to pay all its debts back, its just when its officially recognised.
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