Bulgaria Ski discussion board
CALLING ALL ECONOMISTS
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posts : 13 (Beginner)Date : 12-18-08 12:25CALLING ALL ECONOMISTS
Just got bill in for furniture installation in apt. Due to exchange rate, the bill will cost me £300 more today than it would've done 2 days ago. Anyone got advice on whether I should hang on for the £ to recover or just bite the bullet and buy euros now b4 any further increase?re: CALLING ALL ECONOMISTS
How much furniture is it? Could you not install it yourself?re: CALLING ALL ECONOMISTS
The bill is £3500. It is already installed! It was a pay 50% up front and 50% on completion
re: CALLING ALL ECONOMISTS
The ECB are remaining bullish over interest rates and say they will not reduce them in the short term because they are waiting to see what effect the more recent reduction has before cutting them further. However, I can't see them being able to resist cutting rates in the new year especially if there is a poor trading season in the Eurozone - so I would see a reduction in interest rates in the Eurozone in February and consequent rise in the value of the pound. If you can hang out until ...
The ECB are remaining bullish over interest rates and say they will not reduce them in the short term because they are waiting to see what effect the more recent reduction has before cutting them further. However, I can't see them being able to resist cutting rates in the new year especially if there is a poor trading season in the Eurozone - so I would see a reduction in interest rates in the Eurozone in February and consequent rise in the value of the pound. If you can hang out until then, do so. Otherwise bite the bullet and buy euro immediately because its only going to keep heading south over the next 4-6 weeks.
re: CALLING ALL ECONOMISTS
Calling all economists...... That should have read, Calling all Northerners !
re: CALLING ALL ECONOMISTS
I would disagree. With a firther Bank of England Cut in interest rates expected in the first quarter of 09, ( was muted at the last BOE meeting, however rejected as they felt too big a cut would further reduce confidence in the pound ).
"Nearly all analysts are now expecting further sharp cuts in UK interest rates in the new year.
"It's abundantly clear the MPC feels the stance of policy is still out of kilter with economic prospects," said Philip Shaw at Investec.
"We certainly ...
"Nearly all analysts are now expecting further sharp cuts in UK interest rates in the new year.
"It's abundantly clear the MPC feels the stance of policy is still out of kilter with economic prospects," said Philip Shaw at Investec.
"We certainly ...
I would disagree. With a firther Bank of England Cut in interest rates expected in the first quarter of 09, ( was muted at the last BOE meeting, however rejected as they felt too big a cut would further reduce confidence in the pound ).
"Nearly all analysts are now expecting further sharp cuts in UK interest rates in the new year.
"It's abundantly clear the MPC feels the stance of policy is still out of kilter with economic prospects," said Philip Shaw at Investec.
"We certainly think that another 50 basis point cut is due at the next meeting and our central case for interest rates remains they will dip below 1% in Q2."
Jonathan Loynes, chief European economist at Capital Economics, said: "December's MPC minutes and the latest labour market data support the view that the Monetary Policy Committee could soon be following the US Fed in cutting interest rates very close to zero."
BBC yesterday.
Depends on how long you have to pay. However i have no doubt that the pound will weaken further against the Euro where it will remain for some time. Dont want to scare you but IMHO Euro will trade at more than the pound in the not too distant future.
"Nearly all analysts are now expecting further sharp cuts in UK interest rates in the new year.
"It's abundantly clear the MPC feels the stance of policy is still out of kilter with economic prospects," said Philip Shaw at Investec.
"We certainly think that another 50 basis point cut is due at the next meeting and our central case for interest rates remains they will dip below 1% in Q2."
Jonathan Loynes, chief European economist at Capital Economics, said: "December's MPC minutes and the latest labour market data support the view that the Monetary Policy Committee could soon be following the US Fed in cutting interest rates very close to zero."
BBC yesterday.
Depends on how long you have to pay. However i have no doubt that the pound will weaken further against the Euro where it will remain for some time. Dont want to scare you but IMHO Euro will trade at more than the pound in the not too distant future.
re: CALLING ALL ECONOMISTS
Sorry Mat, i took you up wrong. In total agreement."If you can hang out until then, do so. Otherwise bite the bullet and buy euro immediately because its only going to keep heading south over the next 4-6 weeks. "
re: CALLING ALL ECONOMISTS
Now well clear of the 95p mark €1 = £0.95225.That's up a penny in an hour or so
re: CALLING ALL ECONOMISTS
Hi,Currency markets/Rates move on expectation of these cuts in interest and do far more movement in expectation that in a realization of these interest rate changes. You will likely see further weakening of the £ but i would be surprised to see it weaken all the way to feb.
It doesn’t take an actual rate cut to weaken GBP, just the expectation that in the new year BOE will cut rates, that is the movement we are seeing currently.
