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Pound - Euro Parity March..?

  • 08-03-2009 10:52am
    #1
    HashSlinging
    Closed Accounts Posts: 3,413 ✭✭✭


    With the Bank of England putting billions of cash into the English economy, by printing pounds. Its likely that the euro will hit parity with the pound sometime this month, also very possible that the pound/euro value will increase further than that.

    I'd recommend holding off any big purchase's for the next few weeks...

    Opinions?


Comments

  • #2
    Tipsy Mac
    Closed Accounts Posts: 2,559 ✭✭✭Tipsy Mac


    I was thinking it would have hit parity in January just gone, it looks like it might stay around the 90p mark for a long time.

    If I was importing a car soon I would do it before this mini budget in April as VRT rates could be increased substantially on all or certain emission based cars, better safe than sorry.


  • #3
    McSpud
    Registered Users, Registered Users 2 Posts: 612 ✭✭✭McSpud


    HashSlinging wrote: »
    With the Bank of England putting billions of cash into the English economy, by printing pounds. Its likely that the euro will hit parity with the pound sometime this month, also very possible that the pound/euro value will increase further than that.

    When they slashed UK interest rates I thought sterling would sink too but it seems to be stuck around the 90p mark for now.


  • #4
    tred
    Registered Users, Registered Users 2 Posts: 1,473 ✭✭✭tred


    McSpud wrote: »
    When they slashed UK interest rates I thought sterling would sink too but it seems to be stuck around the 90p mark for now.

    yeah but euro is dropping rates almost in synch if u look at it...so its probably evening out...the printing of money is going to have an effect


  • #5
    ART6
    Registered Users, Registered Users 2 Posts: 2,632 ✭✭✭ART6


    tred wrote: »
    yeah but euro is dropping rates almost in synch if u look at it...so its probably evening out...the printing of money is going to have an effect

    Or, if the UK government is right (not often I admit:D) and it does stimulate the UK economy, then the pound might gain against the Euro. Poker is mild compared with this.


  • #6
    Lex Luthor
    Registered Users, Registered Users 2 Posts: 11,220 ✭✭✭✭Lex Luthor


    Tipsy Mac wrote: »
    I was thinking it would have hit parity in January just gone, it looks like it might stay around the 90p mark for a long time.

    If I was importing a car soon I would do it before this mini budget in April as VRT rates could be increased substantially on all or certain emission based cars, better safe than sorry.

    my guess is the 1.9 diesel gets hits the most.....


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