Cyprus-Forum.com

[miltiades]

Worth mentioning that last year on the same day Stg stood at 1.266 while the year before , 2007 , on the same day stood at 1.48 !!

[Z4]

I think it will reach 1.30 between Dec 09 and Apr 10. It will continue to rise but not sure if it will get to 1.48, what do you think??

[miltiades]

I think it will reach 1.30 between Dec 09 and Apr 10. It will continue to rise but not sure if it will get to 1.48, what do you think??

Much depends on how interest rates move . As we now know the lowering of the rate by the BoE to 1/2% has had no effect on the economy at all , frankly it has not worked as perhaps the Bank intended it to work . Business has not benefited at all , ok mortgage payments have been reduced but savers have been hit particularly hard. Its always a hard game predicting exchange rate movements but Stg has been at the lowest levels ever and I believe it can only go up during 2009 .
I recall way back in Jan -Feb forecasting that Stg will rise to 1.20 by the time the tourist season is in full swing, I still think that come July - August we could see Stg rising to 1.25 .
Time will tell , me , I will hold on to Stg for the moment. As mentioned earlier I buy Euros at my business at 1.25 .

[Z4]

I think it will reach 1.30 between Dec 09 and Apr 10. It will continue to rise but not sure if it will get to 1.48, what do you think??

Much depends on how interest rates move . As we now know the lowering of the rate by the BoE to 1/2% has had no effect on the economy at all , frankly it has not worked as perhaps the Bank intended it to work . Business has not benefited at all , ok mortgage payments have been reduced but savers have been hit particularly hard. Its always a hard game predicting exchange rate movements but Stg has been at the lowest levels ever and I believe it can only go up during 2009 .
I recall way back in Jan -Feb forecasting that Stg will rise to 1.20 by the time the tourist season is in full swing, I still think that come July - August we could see Stg rising to 1.25 .
Time will tell , me , I will hold on to Stg for the moment. As mentioned earlier I buy Euros at my business at 1.25 .

Where do you buy them from????

[miltiades]

I think it will reach 1.30 between Dec 09 and Apr 10. It will continue to rise but not sure if it will get to 1.48, what do you think??

Much depends on how interest rates move . As we now know the lowering of the rate by the BoE to 1/2% has had no effect on the economy at all , frankly it has not worked as perhaps the Bank intended it to work . Business has not benefited at all , ok mortgage payments have been reduced but savers have been hit particularly hard. Its always a hard game predicting exchange rate movements but Stg has been at the lowest levels ever and I believe it can only go up during 2009 .
I recall way back in Jan -Feb forecasting that Stg will rise to 1.20 by the time the tourist season is in full swing, I still think that come July - August we could see Stg rising to 1.25 .
Time will tell , me , I will hold on to Stg for the moment. As mentioned earlier I buy Euros at my business at 1.25 .

Where do you buy them from????

People change Euros into Stg every minute of the day , at Banks , Post Offices , Airports Bureau de exchanges etc . Although we are Catering equipment distributors we are also Western Union agents so we combine the two and advertise that we buy Euros , our rate is a couple of cents better than the nearest centre so people get to know they get a better rate at Devons . Simple . I do not sell Euros only buy .

[bill cobbett]

Christos je Panayia ....

1 - 18.1 ! E to the £GB

[Z4]

Can you taste the cake Bill?

[bill cobbett]

Can you taste the cake Bill?

A bit of kataifi I think.

[Z4]

1.178 now Bill......

I think this week we may see 1.19, by Thursday.

Has Sterling NOW started the road to recovery vs the Euro? Slowly, yes!

[bill cobbett]

The following site may be of interest. There are others as well which allow buying of Euros at forward rates for personal users.

At present they are offering to supply Euros at 1.1825 for August delivery and 1.1900 for later in the year.

(Both are real sell prices, not mid-rates)

http://www.travelmoneyservices.co.uk