miltiades wrote:miltiades wrote:The Euro closed yesterday at 1.1476 against STG while against the $ it finished at 1 dollar = 0.725 euro (1.379 us $)
Interesting to see how next week develops , my instinct is that this time next week STG will be below 1.14 I forecast 1.125. Watch this space !!
The Dollar Index, which IntercontinentalExchange Inc. uses to track the greenback against six major counterparts, extended its biggest monthly decline since May 2009 when it fell 6.2 percent.
http://www.bloomberg.com/news/2010-10-0 ... llure.html
A little later than I predicted early October but the Euro today trades at 1.124 to Stg , what next I think that the rise of the Euro or rather the fall of Stg will continue well into Mid November perhaps down to below 1.10 euros.
The Euro has taken all the bad financial news and coped well , Stg on the other hand is struggling against the Euro and holding its ground against a weak USA $.
Watch this space , in the meantime ditch STG buy Euros !!!! I'm and I am BYUING EUROS ...1.25 euros to the £ !!!
It looks as if Stg is continuing its downward journey trading at the moment at 1.121 Euros .