Euro v Pound Your thoughts please

[smifffymoto]

I live in France and earn in Euros but my savings are in Pounds.I will need to eventually change everything into Euros but when.The timing is not to important but obviousley the rate is as it's a substantial amount.Today in the Times an article warned that the Pound may fall below parity.On the up side HSBC don't charge for changing into Euros.

[emicen]

The finance forum doesnt seem to get as much traffic as other forums on here, think you'd get a better response posting the times article in the news, politics etc section as getting people's thoughts on it there.

[ringram]

Well Ive read that the EURO with Latvia, Greece, Ireland etc isnt priced right, whereas the Pound has been hit hard.
Maybe the pound is due a rebound, especially if a competent government is put in place and stops printing money to bail out retarded fools.

[Silver993tt]

ringram said:

Well Ive read that the EURO with Latvia, Greece, Ireland etc isnt priced right, whereas the Pound has been hit hard.
Maybe the pound is due a rebound, especially if a competent government is put in place and stops printing money to bail out retarded fools.

Latvia isn't in the Eurozone, it's currency is the LAT.

[Mclovin]

the pound seemed to strengthen over this period no idea why...maybe a sign to for the rich to pile into non sterling currencies...

unsure about the euro because eastern europe, ireland, italy, greece, spain are basket cases...

[amir_j]

smifffymoto said:

On the up side HSBC don't charge for changing into Euros.

Yes, but how good is the rate? often a commission percentage is hidden within.

Those reports of pound falling below have been go since late last week, from what ive read, whilst its a possibilty it is mostly unlikley.

If you live in France and earn Euro's then makes sense for you to transfer a fair chunk of your savings into Euro 'just in case', or even investigate other suitable currencies eg Swiss Frank so your spread out.

Just bear in mind whenever you transfer a little bit will be eaten by the agent.

Edited by amir_j on Thursday 31st December 12:11

[Silver993tt]

well, within the last week all the pound has done is strengthen against the Euro, nearly 1.13 now.

[seaninog]

It's all speculation but I liked the comment here

[cs02rm0]

How about...

Convert some now. If the rate gets significantly worse for going transferring it over to Euros, put the Euros you transfer now back, else if it gets significantly better, transfer more over? Spreading the risk a little?

[WWESTY]

Well over the whole year the pound gained 7.7%.....and as has been commented seems to be moving up a little further again.....

If you want to change/move some drop me a mail for a quote.

hth