Cyprus-Forum.com

[Svetlana]

GB£ has gained about 9% since its low point on 30 December; I was hoping to transfer (€) funds to the UK, next week, to take advantage of the rate because I believe the only way is up - but I think I have missed out on the best rates.

Lana

[CBBB]

That will teach you to be greedy!

[Johnson&Johnson]

not so sure, i think it might be a dead cat bounce

the worst of the uk's problems still lie ahead of it

housing market still has to correct by about another 25% and the mass unemployment hasn't even started yet

i guess we will see

[miltiades]

not so sure, i think it might be a dead cat bounce

the worst of the uk's problems still lie ahead of it

housing market still has to correct by about another 25% and the mass unemployment hasn't even started yet

i guess we will see

I agree with your comments on the UKs problems especially the housing market.
My own gut feeling tells me that Stg is grossly undervalued against the Euro and its not wishful thinking since my Cyprus investments are in Euro.

[johnny1]

i was waiting hoping the pound sterling would drop and i made a mistake not buying when it was at .95 to the sterling...typical luck of mine.so miltiadis where do u recomend to get the best rates then

[miltiades]

i was waiting hoping the pound sterling would drop and i made a mistake not buying when it was at .95 to the sterling...typical luck of mine.so miltiadis where do u recomend to get the best rates then

Best rates for Stg you mean ?

[johnny1]

yes best rates to buy sterling

[dinos]

For what it's worth, the Euro, Sterling and USD are all worth very little more than toilet paper at this point given the economies in all three areas (IMO). The vast majority of money in currencies is made playing volatility. Looking to try and score some pounds on the cheap is a waste of time.

[Svetlana]

That will teach you to be greedy!

Yes, CBBB, I have turned my back on the tyranny of repressive communism and adopted the mantle of mercenary Capitalism and its Imperialist running dog theme.

'Greed' is the new 'Sharing', 'Cake' is the new 'Bread', 'Pipelined Gas' is the new 'Grain Harvest' and the 1950's Five Year Agricultural Plan is replaced by a Mission Statement....

Now I am off for a laydown in a dark room.

Lana

[miltiades]

yes best rates to buy sterling

My own prediction is that Stg will rise to 1.20 Euro by the first week of February if not before . I would hold on to Stg , not change to Euros until early February.


WARNING: Predictions can be correct and can also be incorrect .
Speculating on currency movement is extremely risky financialy .
My predictions are not intended to be taken at face value by anyone.

However I'm now buying Euros ( We purchase Euros in my business)
at 1.22 to the pound.