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Sterling trend

makfli · 2010-01-28 12:26:19

I'm thinking of changing my car and purchasing in the UK. Eur v Sterling is on a downward path at the moment. Appreciate views on future likely direction. Currently at 86 p per euro. was 94p last October. What will it take to reverse ? Thanks for any advice

28-01-2010 12:26pm

#1

makfli

Registered Users, Registered Users 2 Posts: 157 ✭✭

Join Date: January 2007

Posts: 92

I'm thinking of changing my car and purchasing in the UK. Eur v Sterling is on a downward path at the moment. Appreciate views on future likely direction. Currently at 86 p per euro. was 94p last October. What will it take to reverse ?
Thanks for any advice

0

Comments

#2 03-02-2010 11:13am

Mr_Roger_Bongos

Registered Users, Registered Users 2 Posts: 1,470 ✭✭✭

Join Date: October 2002

Posts: 1368

I don't think your going to see levels over 90p unless we get some major new news.

The chance for parity came in March and October last year and both times it topped out between 94 and 95.

With the uncertainty over some of the eurozone countries, greece in particular, i can only see the Euro getting weaker against the pound.

Tricky to figure, but for me the UK seems an easier, more transparent picture to analyse.

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