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Euro rate

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Jimbo:
ONE POINT TWO! (1.2003)

Jimbo:
It's going up all the time. 1.2027 at the moment on TravelFX.

I don't think the Bank will raise the interest rates at the moment, so my guess is that it will stabilize at this level for a while.

It just means that an 8 Euro special costs £6.65 

D@G:

--- Quote from: Jimbo on January 23, 2014, 02:29:34 AM ---It's going up all the time. 1.2027 at the moment on TravelFX.

I don't think the Bank will raise the interest rates at the moment, so my guess is that it will stabilize at this level for a while.

It just means that an 8 Euro special costs £6.65 

--- End quote ---

I agree that the banks won't be raising the interest rates, yet.

I also predict that the 7% unemployment target that was set before the BOE start increasing interest rates will be lowered to 6.5%. This will further strengthen the GBP steadily over the coming months and €1.22 will be available come summer time.

D@G:

--- Quote from: D@G on January 23, 2014, 10:08:14 AM ---I agree that the banks won't be raising the interest rates, yet.

I also predict that the 7% unemployment target that was set before the BOE start increasing interest rates will be lowered to 6.5%. This will further strengthen the GBP steadily over the coming months and €1.22 will be available come summer time.

--- End quote ---

As predicted

http://www.bbc.co.uk/news/business-26153122

Jimbo:
Yes - Good time to buy Euros. Been as low as 1.17 over the last week or so.

Every little Mythos helps.

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