Curency (specifically GBP-Euro) Watch

George Agdgdgwngo
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#1
Report Thread starter 9 years ago
#1
Ok I know nothing about currency markets or any economics infact. But does anyone know what's likely to happen to the exchange rate between GBP-Euro in, say, the next quarter. 1GBP buys 1.03Euro at the moment. Is this likely to get better or worse in the next 3 months, or is it completely unable to predict?

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dhokes
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(Original post by George Agdgdgwngo)
Ok I know nothing about currency markets or any economics infact. But does anyone know what's likely to happen to the exchange rate between GBP-Euro in, say, the next quarter. 1GBP buys 1.03Euro at the moment. Is this likely to get better or worse in the next 3 months, or is it completely unable to predict?

Thanks
If I knew, I would be making some money.
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Joanna May
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How on Earth do you expect us to know?! If people knew that, then they'd make a fortune.
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NoHands
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only ones who could tell you that is the bank of england =p if they raise interest rates, the pound will go up, if they lower it then the pound will go down. also, depends on the stability of the economy/banks, etc.
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LooieENG
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Hopefully better, but probably not. My sister just went to Amsterdam, and changed some money over there. They wouldn't even give her one Euro to the Pound.
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-Neon-
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Well... I wouldn't go changing my Sterling to Euros now.
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wazzup
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pound is undervalued euro is overvalued. by next year the exchange rate will be about 1.4
1.03 is just unrealistic. UK is too cheap compared to Europe
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Illusionary
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Report 9 years ago
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(Original post by George Agdgdgwngo)
Ok I know nothing about currency markets or any economics infact. But does anyone know what's likely to happen to the exchange rate between GBP-Euro in, say, the next quarter. 1GBP buys 1.03Euro at the moment. Is this likely to get better or worse in the next 3 months, or is it completely unable to predict?

Thanks
You can try to predict it, but the best you can get will be an educated guess, I'm afraid.
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