Euro / Pound currency prediction thread

[Pasanada]

Originally Posted by markjd

its all well and good saying join the euro pasanada but if you were living in the UK would you be happy for jumped up power crazy idiots forcing there policies on you, its bad enough with the government here already, brussels has so many dictators as it is. although i will be in Spain shortly i will still run a UK limited company and if brussels gets there hands on things we will be worse off.
I was born on a council estate and have worked my business up from nothing, i think the more interference we get from Europe we will end up with higher taxes and contributing more to the lazy who can't be botherted to work and the less well off.
i don't see why if i am succesful i have to share my proffit with the rest, i am all for staying away from the dictators of power crazy Brusselsx

Hi, Mark,

I AM living in the UK! And yes, I do still say we should join the Euro. I own a property in Spain (have done for a number of years), have spent the past 6 months working in the Middle East so know all about the flunctuations between various currencies. As for jumped up power crazy idiots, well, we've had 10 years of labour rule so far......I shan't bang on too much, I know you have the intelligence to work out that "NEW" Labour are really champagne socialists who couldn't give a flying duck about you or I!

I also, like you, come from a council estate, have studied and worked hard to attain what I have today.

At the end of the day, the UK IS part of the EU, just as Spain is. IF you think Spain is untouched by EU policies, then think again. Life is changing rapidly in Spain as they, like the UK, have to comply with EU regulations. Don't be fooled that Spain is some kind of eutopia, believe me, the Spanish LOVE their red tape which is also compounded by further red tape from Brussels!! Lol

[SunnySpain]

Hi everyone,

Crikey, look what I've started here - lol


In reply, I personally doubt the UK will ever join the Euro, especially as it seems mosts likely that the Tories are going to be back in power after Gordon Browns short stint in the corridors of power.

Going back to the currency rates, I totally agree that the US Dollaris likely to be the first currency to bounce back strongly and is already doing so against the pound & to some extent the Euro.

What I think its even more interesting however, is how things will pan out between the Euro and the Pound.

For me, the Euro is about to take big hits due to the economic problems of several of its member states, Spain & Italy to name just two. If I am correct in my hunch then I fully expect the Euro to lose significant value against the pound in the next 18 months.

If its 126/pound today, then I think its highly probable it will be 140/pound by Jan 2009 and then 150/pound by the end of 2009

As I say, if my hunch is correct, this should major implications for many expats or wanna be expats.

Regards, Dave

[markjd]

well perhaps you can explain to me what you would gain by the Uk joining the Euro? i know you are under senior expat on the forum but does this mean you are retired? no offence meant just thought it would be like more Euros for your pension or something like that?
sunnyspain, i think its going to be difficult to predict, i changed £7000 to euros last week through a money exchange company (moneycorp) i was advised to buy on wednesday as rate was coming down (got at €1.22) and now its at €1.25 something, so no matter if you go to a proffessinoal company it doesn't always work

[chris(madrid)]

Originally Posted by Pasanada

the Spanish LOVE their red tape which is also compounded by further red tape from Brussels!! Lol

Brussels still has a lot to learn about red tape

[SunnySpain]

"if you were living in the UK would you be happy for jumped up power crazy idiots forcing there policies on you"

May I ask what policies you are talking about ?


"if brussels gets there hands on things we will be worse off"

Why would you be worse off ?


"I was born on a council estate and have worked my business up from nothing, i think the more interference we get from Europe we will end up with higher taxes and contributing more to the lazy who can't be bothered to work and the less well off"

If you were born on a council estate then surely your parent or parents survived on hand outs derived from taxes. Thus if it was oky doky to receive benefits back then, why do you have a problem with paying taxes to help those less fortunate now

"i don't see why if i am succesful i have to share my proffit with the rest"

The profits made by Oil & Gas companies are the very same profits that allow them to pay for the services of recruitment agents, thus sharing their profit with you. If they felt the same as you then where would you be now ?

Living off hand outs derived from the taxes of others most probably - lol

Regards, Dave

[SunnySpain]

"sunnyspain, i think its going to be difficult to predict, i changed £7000 to euros last week through a money exchange company (moneycorp) i was advised to buy on wednesday as rate was coming down (got at €1.22) and now its at €1.25 something, so no matter if you go to a proffessinoal company it doesn't always work"

Cor blimey, just think what you could have done with that extra 210 Euros - lol

Best go to the beach, its Bank Holiday after all.

Regards, Dave

[markjd]

i have never lived on handouts from anyone, i have cleaned streets emptied bins fort for my country.
May I ask what policies you are talking about ?
agency workers get pregnant and then get paid more from the agency than they earned out of them. thats one reason got out the general agency business
if you were living in the UK would you be happy for jumped up power crazy idiots forcing there policies on you"
the reason i am moving is because of the government

If you were born on a council estate then surely your parent or parents survived on hand outs derived from taxes. Thus if it was oky doky to receive benefits back then, why do you have a problem with paying taxes to help those less fortunate now
no my parents worked all there lives never had any handouts just got a council house, its not the less fortunate that are a problem, its the people that are allowed to bread like flies not work and eveyone else picks up the tab, same with the family tax credit which people who have children and don't earn enough money get from taxes, why should i subsadise other people so they can have children.

The profits made by Oil & Gas companies are the very same profits that allow them to pay for the services of recruitment agents, thus sharing their profit with you. If they felt the same as you then where would you be now ?

I don't get this if they didn't use specialist companies like mine they would employ there own staff, have to pay them when they don't need them in quiet times, there overheads would be higher the price of oil and gas would be higher and any way they are not sharing there proffit with me they are paying for services provided, they are not sharing there proffit with someone who sits on the backside watching telly all day not propared to work.
I just don't believe i should subsadise the lazy, the people who can't afford to bring up kids but have them any way and expects everyone elso to pay the bill.
I will be glad to see the back of this country, i served my country but it don't count for nothing
hasta la vista baby

[markjd]

to busy working don't make money by sitting on the beach, unless you rent deck chairs HA HA

[jojo]

Originally Posted by Pasanada

don't believe the Americans are losing their power, a lot of stuff goes on thats not reported/does not "officially" exist.....lets just leave it at that.

Well thats depressing! I hope you're wrong. (As individuals I'm sure many Americans are fine and dandy I hasten to add!!)


Jo

[Pasanada]

Originally Posted by markjd

well perhaps you can explain to me what you would gain by the Uk joining the Euro? i know you are under senior expat on the forum but does this mean you are retired? no offence meant just thought it would be like more Euros for your pension or something like that?

Hee hee!! Mark, you have made me chuckle!

No, I'm most definitely not a pensioner (despite being a Grandma!), I'm only 37 years old! So in answer to your question, I do not draw a pension just yet....PHEW!!!

As I stated before, I own a property in Spain which, to protect my investment from unscrupulous builders/agents, I got a small mortgage to ensure ALL checks on the property legality were made. This means converting GBP to Euro's every few months to keep my Spanish bank account topped up.

At the end of the day, we are part of the EU and I believe to make life easier for it's citizens, we should all adopt the same currency. One day, I will be a pensioner, I don't want to be in the position that I see the elderly living in Spain today.

Jojo, I've nothing against the Americans (I have American relatives and have just finished working for the Americans) but if you really want to know what goes on and whats NOT reported by the press, just do a little research. I've studied American foreign policy and the effect it has, particularly in the Middle East for many years. I've also spent many years in Govt service and working with the Military as well as a short stint with the President of Afghanistan; life simply isn't black and white when it comes to the American Administration.