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GBP vs Euro?

  • 28-10-2009 4:58pm
    #1
    Daragh101
    Closed Accounts Posts: 585 ✭✭✭


    do yee think the euro will continue to slaughter the pound over say the next year or so?


Comments

  • #2
    Mr Minraise
    Closed Accounts Posts: 138 ✭✭Mr Minraise


    Daragh101 wrote: »
    do yee think the euro will continue to slaughter the pound over say the next year or so?

    What a ridc question, do you even know what will happen over the nexk week?


  • #3
    Daragh101
    Closed Accounts Posts: 585 ✭✭✭Daragh101


    Mr Minraise wrote: »
    What a ridc question, do you even know what will happen over the nexk week?


    not really, please inlighten me..?


  • #4
    pog it
    Registered Users, Registered Users 2 Posts: 2,912 ✭✭✭pog it


    I think monsieur minraise's comment was a non rhetorical question.

    I reckon myself that sterling is currently devalued and the euro over-rated but I've no idea when that will right itself again.

    Down to all this printing money business. Cheapens the currency so no wonder sterling and dollar are doing terribly.


  • #5
    Daragh101
    Closed Accounts Posts: 585 ✭✭✭Daragh101


    pog it wrote: »
    I think monsieur minraise's comment was a non rhetorical question.

    I reckon myself that sterling is currently devalued and the euro over-rated but I've no idea when that will right itself again.

    Down to all this printing money business. Cheapens the currency so no wonder sterling and dollar are doing terribly.


    ya im just wondering because i bought shares on the lse so in a way im investing in GBP!


  • #6
    Raskolnikov
    Registered Users, Registered Users 2 Posts: 10,148 ✭✭✭✭Raskolnikov


    I am useless with currencies, but what I have observed is that during moments of the most extreme bearishness against a currency (i.e. Sterling against the Euro last week), that we usually see some sort of reversal.

    Personally (I have nothing but gut instinct to back myself up), I think Sterling will do very well in the next year.


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