mmh8 Posted June 17, 2015 Share Posted June 17, 2015 in answer to the op it depends on if Germany leaves the Euro, leave it to Italy and France to sort out Link to comment Share on other sites More sharing options...
Naam Posted June 17, 2015 Share Posted June 17, 2015 Weak Euro will hurt UK exports to the Euro countries which will weaken the £stg.not a major player the Euro zone ,the world is our oyster, exports mainly "bitter orange marmalade" as well as "steak-and-kidney pie" You forgot the marmite . i apologise because i also forgot haggis Link to comment Share on other sites More sharing options...
TheAppletons Posted June 17, 2015 Share Posted June 17, 2015 i apologise because i also forgot haggis Yeah but that's only served in prisons so it doesn't have wide market distribution. Link to comment Share on other sites More sharing options...
mmh8 Posted June 17, 2015 Share Posted June 17, 2015 it was actually a good ploy for obtaining money from our quality american tourists that 28th genration scots and more scots than those born in scotland. ah the art of haggis hunting Link to comment Share on other sites More sharing options...
Anon999 Posted June 17, 2015 Share Posted June 17, 2015 I think the pound will be strong relative to the Euro, mainly for the reason because the economy is quite strong and the BoE will follow soon after the FED with interest rate hikes which will make the pound stronger. Whereas the Euro will stay weak because the ECB will leave interest rates at 0 for a while to come and continue to print money well into 2016. So in summary: Long $, Long pound, short Yen, short Euro. "mainly for the reason because the economy is quite strong " Another one that has drunk the Kool-Aid Britain is only " growing " thanks to consumer spending, which was the biggest source of GDP growth in 2014. But real incomes are now stagnating and much of this spending has been put on the credit card with consumer borrowing at its highest level since 2008 crisis. http://money.cnn.com/2015/04/16/news/economy/uk-election-economy-fact-check/ Maybe time to wake up. You're a bit behind the times, historical data does not mean that what happened last year follows on automatically. There are many changing scenarios and the BoE really wants the £ to weaken so as to make exports more competitive in the eurozone, the UK'd biggest market. The strong £ also keeps interest rates near zero which helps the economy and increases spending power as any increases in income are not eaten up by inflation. However, with a recovering UK economy and increasing exports to other countries, see the latest figures and forecasts the only big issue that would affect the £ is if oil prices surged. As that is unlikely in the foreseeable future then sterling is not going to buck the trend anytime soon. However, the £/Baht is often an anomaly due to the Baht/$ relationship that has been mentioned in another post. It is worth noting that on the Forex market Sterling, on 1/7/14 was at 55.5/Baht, it then sank to 48.8 on 6/4/15 a drop of over 15% and currently stands at 52.6, still over 5% lower than nearly a year ago but has gained over 12% against the baht in 10 weeks. Providing a currency is trending then you can follow it but beware of a big correction, either way. Link to comment Share on other sites More sharing options...
Anon999 Posted June 17, 2015 Share Posted June 17, 2015 Everyone makes it so complicated Does something look attractive and likely people will want it in the future? yes, prices goes up , no price goes down. rijit There are only two things that control the markets, GREED & FEAR. Link to comment Share on other sites More sharing options...
SheungWan Posted June 17, 2015 Share Posted June 17, 2015 If the euro weakens against sterling then 'er sterling will strengthen against the euro. No charge for this advice. Link to comment Share on other sites More sharing options...
i claudius Posted June 17, 2015 Share Posted June 17, 2015 I think the pound will be strong relative to the Euro, mainly for the reason because the economy is quite strong and the BoE will follow soon after the FED with interest rate hikes which will make the pound stronger. Whereas the Euro will stay weak because the ECB will leave interest rates at 0 for a while to come and continue to print money well into 2016. So in summary: Long $, Long pound, short Yen, short Euro. "mainly for the reason because the economy is quite strong " Another one that has drunk the Kool-Aid Britain is only " growing " thanks to consumer spending, which was the biggest source of GDP growth in 2014. But real incomes are now stagnating and much of this spending has been put on the credit card with consumer borrowing at its highest level since 2008 crisis. http://money.cnn.com/2015/04/16/news/economy/uk-election-economy-fact-check/ Maybe time to wake up. You're a bit behind the times, historical data does not mean that what happened last year follows on automatically. There are many changing scenarios and the BoE really wants the £ to weaken so as to make exports more competitive in the eurozone, the UK'd biggest market. The strong £ also keeps interest rates near zero which helps the economy and increases spending power as any increases in income are not eaten up by inflation. However, with a recovering UK economy and increasing exports to other countries, see the latest figures and forecasts the only big issue that would affect the £ is if oil prices surged. As that is unlikely in the foreseeable future then sterling is not going to buck the trend anytime soon. However, the £/Baht is often an anomaly due to the Baht/$ relationship that has been mentioned in another post. It is worth noting that on the Forex market Sterling, on 1/7/14 was at 55.5/Baht, it then sank to 48.8 on 6/4/15 a drop of over 15% and currently stands at 52.6, still over 5% lower than nearly a year ago but has gained over 12% against the baht in 10 weeks. Providing a currency is trending then you can follow it but beware of a big correction, either way. Keep up ,Europe is NOT i repeat NOT our bigest market , check it out Link to comment Share on other sites More sharing options...
MaeJoMTB Posted June 17, 2015 Share Posted June 17, 2015 1gbp = 53Bht = 1.4E Link to comment Share on other sites More sharing options...
ldnguy Posted June 17, 2015 Share Posted June 17, 2015 As posted by Thaimlord Please my friend, don't listen to anyone. Nobody knows. And I mean NOBODY. any information that is known is already factored into the price… that said, the Euro has looked vulnerable for a while now - though it has been hit pretty hard, there could be more to go including a collapse… But - as it stands, these currencies are fluidly traded so everything is at fair market value… bet as you like. Markets are driven by fear and greed not by fair market value. That's why markets are so volatile. Link to comment Share on other sites More sharing options...
ldnguy Posted June 17, 2015 Share Posted June 17, 2015 If the euro weakens against sterling then 'er sterling will strengthen against the euro. No charge for this advice. You're far too clever to be hanging out here. Link to comment Share on other sites More sharing options...
ldnguy Posted June 17, 2015 Share Posted June 17, 2015 I think the pound will be strong relative to the Euro, mainly for the reason because the economy is quite strong and the BoE will follow soon after the FED with interest rate hikes which will make the pound stronger. Whereas the Euro will stay weak because the ECB will leave interest rates at 0 for a while to come and continue to print money well into 2016. So in summary: Long $, Long pound, short Yen, short Euro. "mainly for the reason because the economy is quite strong " Another one that has drunk the Kool-Aid Britain is only " growing " thanks to consumer spending, which was the biggest source of GDP growth in 2014. But real incomes are now stagnating and much of this spending has been put on the credit card with consumer borrowing at its highest level since 2008 crisis. http://money.cnn.com/2015/04/16/news/economy/uk-election-economy-fact-check/ Maybe time to wake up. You're a bit behind the times, historical data does not mean that what happened last year follows on automatically. There are many changing scenarios and the BoE really wants the £ to weaken so as to make exports more competitive in the eurozone, the UK'd biggest market. The strong £ also keeps interest rates near zero which helps the economy and increases spending power as any increases in income are not eaten up by inflation. However, with a recovering UK economy and increasing exports to other countries, see the latest figures and forecasts the only big issue that would affect the £ is if oil prices surged. As that is unlikely in the foreseeable future then sterling is not going to buck the trend anytime soon. However, the £/Baht is often an anomaly due to the Baht/$ relationship that has been mentioned in another post. It is worth noting that on the Forex market Sterling, on 1/7/14 was at 55.5/Baht, it then sank to 48.8 on 6/4/15 a drop of over 15% and currently stands at 52.6, still over 5% lower than nearly a year ago but has gained over 12% against the baht in 10 weeks. Providing a currency is trending then you can follow it but beware of a big correction, either way. Keep up ,Europe is NOT i repeat NOT our bigest market , check it out Yes it is. Link to comment Share on other sites More sharing options...
i claudius Posted June 18, 2015 Share Posted June 18, 2015 No its not America is ,also we import more from Europe than we export ,so just Google it ,everyone else can,so why believe you? Link to comment Share on other sites More sharing options...
SheungWan Posted June 18, 2015 Share Posted June 18, 2015 (edited) No its not America is ,also we import more from Europe than we export ,so just Google it ,everyone else can,so why believe you? Well I did what you told us to do (google) and 'um America ....would that be The Americas? 'cos the figs ... https://en.wikipedia.org/?title=Economy_of_the_United_Kingdom see column on right hand side.... Edited June 18, 2015 by SheungWan Link to comment Share on other sites More sharing options...
Aforek Posted June 18, 2015 Share Posted June 18, 2015 Euro weakens ? Two months ago, it was 34. 50 for one baht; today it's more than yesterday ( 38.30 ) but I admit it can change with Greece on the long term ( 1 or two years ), I am not anxious Link to comment Share on other sites More sharing options...
cosmosis Posted June 18, 2015 Share Posted June 18, 2015 SheungWan with respect, though I agree the US is not a larger Export Market for the UK than the EU, if you read a little lower in the Wikipedia article it reads as follows,: European Union membership[edit] As a member of the European Union, UK is bound to numerous EU-wide trade and market policies. According to the 2014 report within the "Balance of EU competences" review, majority of the EU trade policies have been beneficial for UK, despite the proportion of the country's exports going to the EU falling from 54 percent to 47 percent over the past decade. The total value of exports however has increased in the same period from £130 billion (€160 billion) to £240 billion (€275 billion).[155] The report on research and development concluded that "The balance of competence for the free movement of goods and IP [intellectual property] works in the UK's interests".[156] Link to comment Share on other sites More sharing options...
sawadee1947 Posted June 19, 2015 Share Posted June 19, 2015 I think the pound will be strong relative to the Euro, mainly for the reason because the economy is quite strong and the BoE will follow soon after the FED with interest rate hikes which will make the pound stronger. Whereas the Euro will stay weak because the ECB will leave interest rates at 0 for a while to come and continue to print money well into 2016. So in summary: Long $, Long pound, short Yen, short Euro. "mainly for the reason because the economy is quite strong " Another one that has drunk the Kool-Aid Britain is only " growing " thanks to consumer spending, which was the biggest source of GDP growth in 2014. But real incomes are now stagnating and much of this spending has been put on the credit card with consumer borrowing at its highest level since 2008 crisis. http://money.cnn.com/2015/04/16/news/economy/uk-election-economy-fact-check/ Maybe time to wake up. You're a bit behind the times, historical data does not mean that what happened last year follows on automatically. There are many changing scenarios and the BoE really wants the £ to weaken so as to make exports more competitive in the eurozone, the UK'd biggest market. The strong £ also keeps interest rates near zero which helps the economy and increases spending power as any increases in income are not eaten up by inflation. However, with a recovering UK economy and increasing exports to other countries, see the latest figures and forecasts the only big issue that would affect the £ is if oil prices surged. As that is unlikely in the foreseeable future then sterling is not going to buck the trend anytime soon. However, the £/Baht is often an anomaly due to the Baht/$ relationship that has been mentioned in another post. It is worth noting that on the Forex market Sterling, on 1/7/14 was at 55.5/Baht, it then sank to 48.8 on 6/4/15 a drop of over 15% and currently stands at 52.6, still over 5% lower than nearly a year ago but has gained over 12% against the baht in 10 weeks. Providing a currency is trending then you can follow it but beware of a big correction, either way. Keep up ,Europe is NOT i repeat NOT our bigest market , check it out even you repeat it again and again....Europe is the biggest market for UK. I don't know why you denied it? Link to comment Share on other sites More sharing options...
NeverSure Posted June 19, 2015 Share Posted June 19, 2015 Looking at lots of sources, it looks like the US is the largest single country for buying UK exports, and all of Europe is a bigger number. I can't tell if that's the EU but I think it is. It isn't a need-to-know issue. Link to comment Share on other sites More sharing options...
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