Is the euro set to keep rising against the pound, or is it likely to drop?

Question

I am not a hedge fund manager! I just want to know whether to book a chalet in france now (it wants euros only) or wait till a bit later on, if the euro is likely to fall against the pound. Thanks in advance!

Answer 1

2 days ago you could have got 1.285 but today is has plummeted back to 1.25.

This is as a direct result of the Govenor of the Bank of England thinking that inflation is not a worry and that 5% is perfectly acceptable.Anyone living in UK knows that this 5% figure is ridiculous and not a reasonable assessment of what is really happening in the country.

So the Bank of England is supposedly independent of the government which is another huge laugh as Gordon Brown is clinging to power by his toe nails he is pressurising the bank to reduce interest rates in the sorry hope it will kickstart the property market.

So sorry back to your enquiry!

I would buy your euros now as 1.25 is not going to last long and could be as low as 1.20 by the end of the month.

Sorry but you are as screwed as the rest of us who live in the eurozone with a lying cheating idiot as prime minister in the UK.

Answer 2

LOL

If we knew the answer to that we would all be rich!

Maybe post this in the horoscopes and astrology section they claim to see into the future

Answer 3

If you find out for sure let me know, I'd love to be rich.