Euro in freefall?? Strange.

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This topic contains 16 replies, has 9 voices, and was last updated by Profile photo of katy katy 8 years, 1 month ago.

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  • #54363
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    Anonymous
    Participant

    I was expecting that US bailout would have brought dollar lower. The collapse of house prices in UK might have also brough £ lower.

    Instead both £ and $ are gaining towards Euros. Maybe somebody saw that the EU economy (including Spanish economy) is rotten…

  • #86604
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Flosmichael
    Something I think that many have not considered
    The French are saying they want to be bailed out?
    The Germans objecting (well they will wouldnt they)
    The Spanish with the biggest handout and the total carnage coming their way and they soon will be crying for help.
    Of course you have the rest and everyone wanting a bit of the pie
    Now lets see how they agree to help all of different members Banks out.

    Soon be 1.50 again ha ,ha 😆

    Just Frank 8)

  • #86614
    Profile photo of angie
    angie
    Spectator

    I agree with you Frank, I think there will be a run on the euro sometime next year, the Dollar might be King again and the Pound rather weak.

    1.50 could be about right in 6 months or so, but just my opinion, but I tend to watch currencies, it seems cyclical as does property, UK in for a rough ride, maybe as bad as Spain.

  • #86618
    Profile photo of Anonymous
    Anonymous
    Participant

    Angie
    For every reason just cant see what is going to keep the value of the Euro up
    Seems that its a case of denial with governments like Spain and no one can tell me that they to will not follow the U.S and U.K.
    Not as clever as most here in predicting what will happen to say prices will be in say 2112 or what will happen next month for that matter as little issues like this appear not to have been considered 🙄
    There again managed to pull out of equities at the right time after making similar observations.
    Pity I got Spain wrong though 😥
    Yep its going to be fun when the bees get hovering around the money pot when the s-it hits the fan and it will make Gordan Browns handling of the Rock and Congress handling of the U.S problem look reasonably well handled
    YEP AS BAD AS THAT 😯
    Can see it now
    SPAIN ? We need 30 Billion Euros as our corrupt Goverment alllowed corruption to carry on and the courts have given us time by allowing appeals and making dreadfull abusive legal decisions but its wake up time.
    FRANCE + GERMANY ? No problem will put the cheque in the post! YEH RIGHT 😀
    Will keep the forums busy me thinks.

    Just Frank 8)

  • #86753
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    Anonymous
    Participant

    interesting as I was told by certain city experts the long term future for the pound was 1 for 1 against the Euro.

    Depending on who you believe the disparity could have a major impact for UK citizens buying EC mainland property.

  • #86756
    Profile photo of katy
    katy
    Spectator

    Yes, these “City” forecasters know bugger all, just like the weather forecasters one will be right/wrong.

    I was suprised to learn today that not only have the UK banks bought sub-prime debts, they are locked into contracts to keep on buying them 😯

  • #86761
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    Anonymous
    Participant

    There’s nothing precious that I can see about the Euro, and when it starts to slide my hunch is that it will move well beyond 1.50 – prossibly back to 1.80.

    Combine that with a substantial property price crash, say 50%, and I’m leaping straight back into buying a place in Spain. 😉

  • #86767
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    Anonymous
    Participant

    £=€ 1.80, happy days. Maximus you can have what ever you like from the list of drinks, its on me.

  • #86769
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    Anonymous
    Participant

    I think the euro slide would be great but I just don’t think it will happen

  • #86770
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks Shakeel.

    Tomare un vino tinto por favor

    Hic…… 😉

  • #86772
    Profile photo of Anonymous
    Anonymous
    Participant

    Hudson,

    Well, we can always dream – but hey, who knows what will happen? 🙂

  • #86777
    Profile photo of katy
    katy
    Spectator

    Just looked and the rate is falling again..1.263. Thought it may hit 1.30 yesterday 🙁

  • #86827
    Profile photo of Anonymous
    Anonymous
    Participant

    Well for those who really think the so called city experts a wrong a few things for you to consider.

    1 Spain is not the Euro, its Germany, Austria,Italy, Benelux & France that will decide its strength.
    2 The Euro is run by the old Bank of Germany and this gives great comfort to the markets.
    3 The Euro is strong because its a safe haven for currency dealers.

    At the end of the day one thing I agree with for sure is that the Euro will be the strongest currency in the world,

  • #86832
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    Anonymous
    Participant

    Nick – three ‘financial gurus’ interviewed on Bloomberg over the last couple of days all said the currencies they’re in (when asked) are the Yen and Swiss Franc. The euro has dropped like a brick against these two currencies recently.

    Therefore I am not so sure re. your comments of the Euro being a safe haven for currency dealers or that it will be the strongest currency in the world.
    Will be interesting to watch these two currencies against the Euro.

  • #86834
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    Anonymous
    Participant

    Obviously the swiss franc is for me the safest currency in the world, not so sure about the yen but used to be the safest currency in the world along with the DM in old germany.

    All i know from overseas business is that most overseas countries are happy to put contract in Euros but not in sterling

    Just to add the old powerhouse of europe used to be GSA, Germany, Austria & Switzerland

  • #86835
    Profile photo of Anonymous
    Anonymous
    Participant

    @Senor Nick wrote:

    Well for those who really think the so called city experts a wrong a few things for you to consider.

    1 Spain is not the Euro, its Germany, Austria,Italy, Benelux & France that will decide its strength.
    2 The Euro is run by the old Bank of Germany and this gives great comfort to the markets.
    3 The Euro is strong because its a safe haven for currency dealers.

    At the end of the day one thing I agree with for sure is that the Euro will be the strongest currency in the world,

    Euro lost 20% in 2 months versus USD and it is still going down.

    It will take some time to find out why the $ was so weak and why $ is now stronger (there are many hints, but nobody sees the full picture).

    There is a good chance Euro would dissapaear (or be used by less countries) before the
    economic crisis ends (Spain, Italy are good candidates to be kicked out of Euro).

    There is also a good chance that it is almost the end of $.

    As many others, I wish I would know which way is going to go. We are all going through the fire with a petrol container in our hands…

  • #86838
    Profile photo of katy
    katy
    Spectator

    Long term I would go for dollars or sterling or maybe the Swiss Franc. I keep as little money as possible in Euros. If I were to have money in a bank that crashed the last thing I would want is for it to be a Spanish one.

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