Euro short term thoughts

[Marcellus]

I need to buy some Euros and now see them upto 1.1371............. so by hanging on this week has saved me over £500....

What's the collectives view on wait or buy now??

(I can wait until the end of next week before I need to buy them)

[NoelWatson]

No idea, but there are a number of UK economic releases in the next week that may have an affect

1). Inflation
2). Unemployment numbers
3). Av earnings
4). Money supply
5). Q1 GBP estimate
6). Budget
7). Retail sales

[Marcellus]

NoelWatson said:

No idea, but there are a number of UK economic releases in the next week that may have an affect

1). Inflation
2). Unemployment numbers
3). Av earnings
4). Money supply
5). Q1 GBP estimate
6). Budget
7). Retail sales

so the million $$ question is how will they all effect the £:€ or should I just buy them now and be damned?

[Puggit]

That's a lot of economic figures!

[Marcellus]

needing to buy a further €50,000 in the next week or so!!

WHat are peoples thoughts, now or leave it a few days?

[Puggit]

There's bad news dripping out of the eurozone at the moment. For instance average unemployment is worse than the UK. My hunch is the pound will carry on slowly gaining.

[ianash]

http://www.theherald.co.uk/business/news/display.v...

[digger_R]

even though markets are bouncing right now, it seems we are quite happy to ignore the elephant in the room in the form of massive public debt - as far as I can see the pound will get worse (against the euro at least) before it gets better. There is some short term profit taking going on but it's entirely concievable that it could lose another 5/6 cents again quite easily.