Experts view on Grexit and £ to € prospects plus intriguing view of German thinking

[Bertramdriver]

http://email.caxtonfx.com/pv_obj_cache/pv_obj_id_755BECB6450A17048E4E6A15FE41DFF093A90300
We have been with them long enough to trust their thinking and will follow their advice to hedge.

 

[maxi77]

On the other hand a company which makes money fron your currency trades is encouraging you to trade.

 

[Tony Cross]

On the other hand a company which makes money fron your currency trades is encouraging you to trade.

Absolutely, it reads more like a panic letter begging Caxton's users not to desert them.

 

[Bertramdriver]

Or conversely you can be cynical, superior and all knowing and waste a shed load of money

 

[KellysEye]

>Long-term impact on euro strength but Eurozone stays united if Greece does exit the euro, we will probably see volatility on a scale matched onlyby recent market crashes.


That's the opposite of what some experts are saying.

 

[telford_mike]

I think that if you cut through all the 'analysis', much of which is informed guesswork, the advice given is sound. We'll all need Euros this summer, and starting to buy them now to hedge against a weakened sterling seems a sensible thing to do.

 

[charles_reed]

I think that if you cut through all the 'analysis', much of which is informed guesswork, the advice given is sound. We'll all need Euros this summer, and starting to buy them now to hedge against a weakened sterling seems a sensible thing to do.

Unless, of course the £ stays high against the €. Having worked out the costs of hedging (which will vary from spender to spender) it's worth seeing how much the £/€ rate has to fall - in my case I get no benefit until the £ drops to €1.21.

 

[charles_reed]

The connection is to a very old blog.
During the last few days the € has recovered against the £, from €1.45 to €1.31.
The effect of QE on the € is likely to be a greater value-depressor, than another UK coalition government (unless an SNP/Labour one which will probably lead to a constitutional crisis).
In fact, I find the Caxton blog pretty neutral, how anyone can read into it a recommendation to buy in advance is mind-boggling.
Still we all like to read into things that which we believe.

 

[Bertramdriver]

Unless, of course the £ stays high against the €. Having worked out the costs of hedging (which will vary from spender to spender) it's worth seeing how much the £/€ rate has to fall - in my case I get no benefit until the £ drops to €1.21.

There are no additional costs with Caxton. What ever the Quoted rate is at the time of the trade. That is what you pay, nothing else. The € is held in your account and can be accessed on line for bank transfers or by the Caxton Visa card.
A great deal easier and smoother than frigging about with the High Street thieves.

 

[Bertramdriver]

The connection is to a very old blog.
During the last few days the € has recovered against the £, from €1.45 to €1.31.
The effect of QE on the € is likely to be a greater value-depressor, than another UK coalition government (unless an SNP/Labour one which will probably lead to a constitutional crisis).
In fact, I find the Caxton blog pretty neutral, how anyone can read into it a recommendation to buy in advance is mind-boggling.
Still we all like to read into things that which we believe.

Old blog?. Wake up Charles or are you avid day trader playing with millions?

 

[grafozz]

I just read that the Euro/ Pound average over the last 15 years is ........
1.37 , so no panic then ?

 

[macd]

During the last few days the € has recovered against the £, from €1.45 to €1.31.

In a spirit of care for a fellow forumite, I urge you not to play the markets until you've been to Specsavers. The range over the past week has been less than 2 points (1.34.4 to 1.36.2, the latter very briefly). At the time you wrote it was around 1.35. You have to go back to 2007 to see €1.45.

 

[Monique]

IMO, if Grexit occurs, there will be a short lived drop in Euro/all other currencies. Then after the world realizes that the end result will be a stronger Euro, the value will recuperate and probably go higher than present.

There are many weak links in the Euro.... PIIGS and you must now add France to the list. EURO is a political dream which, like so many things driven by politicos, holds little reality.

I hope the entire affair will not turn into a gigantic debacle. Time to hold onto your GBP's chaps!

 

[rivonia]

IMO, if Grexit occurs, there will be a short lived drop in Euro/all other currencies. Then after the world realizes that the end result will be a stronger Euro, the value will recuperate and probably go higher than present.

There are many weak links in the Euro.... PIIGS and you must now add France to the list. EURO is a political dream which, like so many things driven by politicos, holds little reality.

I hope the entire affair will not turn into a gigantic debacle. Time to hold onto your GBP's chaps!

Not so buy the euroe while the pound is strong and make a packet. There will still be plenty of places to spend it.

 

[nimbusgb]

I just read that the Euro/ Pound average over the last 15 years is ........
1.37 , so no panic then ?

Which is where it is today and has been for a couple of days.

Reckon it may just make 1.40 and then uk election realities will correct it.