Cyprus-Forum.com

by **vaughanwilliams** » Fri Dec 10, 2010 1:44 pm

apc2010 wrote:
vaughanwilliams wrote:1.19Euro to the Pound this morning and still sinking.
Might put off my shopping at Lidl for a few days if it keeps going like this.

So thats where your resturant stock comes from....???

Only when I know you are dining. :wink:

by **miltiades** » Tue Jan 25, 2011 7:49 pm

vaughanwilliams wrote:What say you now, old Milti?
http://uk.finance.yahoo.com/news/Sterli ... 3.html?x=0

The Euro , has .... survived !!!!! The onslaught was ferocious
today Stg = 1.158 !!!! down from 1.22 a few weeks back !!
Who predicted that the Euro would collapse ?
No , it surges ahead !!

by **miltiades** » Tue Jan 25, 2011 7:51 pm

vaughanwilliams wrote:
miltiades wrote:Not long ago many begun doubting the ...survival of the Euro...
Sterling gained ground against the Euro reaching MMR of 1.22 only to quickly descent down to a MMR of 1.157 .
It looks as if the Euro is on truck to continue surging ahead .

Oooops!

1. Open mouth.
2. Put foot in.
3. Bite down - hard!

Need I say more !!!!

by **bill cobbett** » Tue Jan 25, 2011 8:21 pm

Pappou Milti....

Really you do keep going on about these exchange rates in such over-simple, near-nationalist ways and the opposing reaction from others is similarly blinkered. It shouldn't have anything to do with being pro- or anti-Euro.

It's got to do with such things as where markets think relative interest rates will be in a few months time. In any event most central banks are stumbling over each other in these hard times in a rush to get as much back-door devaluation as the markets will let them get away with, to give trading advantage.

Where's Hazza? ... he'll tell us.

(one more thing please Pappou... GB prob won't have the Euro in my life-time, and if you'll forgive me for saying so, certainly not in yours)