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currency investment

  • 10-05-2012 2:46pm
    #1
    paky
    Banned (with Prison Access) Posts: 2,138 ✭✭✭


    i was looking at the euro gb pound exchange rates today and 1 pound will get ya 1 euro 25 cent. would now be a good time to invest in euro if ya have a couple of pounds lying around? rates dont get much better than this


Comments

  • #2
    vicwatson
    Registered Users, Registered Users 2 Posts: 28,404 ✭✭✭✭vicwatson


    I wouldn't hold out for a reply here, no one seems to answer ones queries.:(


  • #3
    bah1011
    Registered Users, Registered Users 2 Posts: 66 ✭✭bah1011


    Currency investment is extremely volatile and very hard to predict even for professional traders. I am not sure where you are planning on buying euro but the spread offered by retail banks would almost definitely make it very difficult to profit from.

    Also there is alot of negative news surrounding the euro. Today EU have retained Euro 1bn of greece bailout fund until Greece re-affirms it commitment to the bailout terms.

    The socialist party in France. etc..

    Also despite Uk been in a recesson 10 year Gilts are at very low levels suggesting people see UK as some sort of hedge against European worries. And to buy Gilts people need pounds which will keep the pound strong.

    In my opinion I don't think it would be a good trade but I'm sure others would disagree.


  • #4
    vicwatson
    Registered Users, Registered Users 2 Posts: 28,404 ✭✭✭✭vicwatson


    Must be just my query no one answers ;) :eek:


  • #5
    digitally-yours
    Registered Users, Registered Users 2 Posts: 1,425 ✭✭✭digitally-yours


    In my opinion This euro fall is just 50% done yet :).


    05.10.2012-20.19.10.png

    Looking at the chart it looks its going to head south further...

    now u will say what makes me say that :D

    (what's going to happen no one knows but the chart is clearly positioned for a lover move.)

    (disclaimer daytrader Forex+stocks+bund )

    you might want to see my previous posts about "gold" when everyone was uber bullish here on gold & silver :) . they nearly crucified me lol


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