Euro / Pound currency prediction thread

[Pasanada]

Hmmmmm good question, well put!! Lol

Just asked OH, he says he's ofay with recyclable and wheelie bins, does this count? LOL

OH says he once read a book about foreign policy but preferred the Beano due to there being better pictures! LMAO

[SunnySpain]

"Just asked OH, he says he's ofay with recyclable and wheelie bins, does this count? LOL"

I could not say for sure , but I think they might count as weapons of mass destruction or at least thats what Steve the waste disposal technician tells me and he's served our country for a good 16 years now (mornings mainly), but then again Steve also once said that 9/11 could have been avoided if there had been a few extra binmen around at the time - lol

[Pasanada]

Hee hee hee hee!!!! Time for me to pack it in for the night before OH becomes a home help and has to clean up any "accidents" I may have due to my ribs being tickled!!! PMSL

[SunnySpain]

Me tambien

PMSL = Pasanada must sleep lots, maybe....

Buenos noches y hasta manana

[Pasanada]

PMSL - P*****g myself laughing! (I'm not a net geek...honestly!!)

Buenas noches amigo!

[crookesey]

Originally Posted by Pasanada

I wouldn't be gloating about hiding your money in an offshore account, tax authorities have the power to see what you have in offshore accounts and in these lean times, banks are now being told to reveal details about their customers.

Good luck in your new life in Spain, I trust your Spanish is excellent!

You need to do a little reserch before accusing someone of 'gloating' relative to using off-shore accounts. Many off-shore accounts are quite simply Capital Investment Bonds (known as 'Wrappers') where annual withdrawals not exceeding 5% of the initial investment do not trigger a 'chargeable event' because 20 annual withdrawals of 5% = the total withdrawal of the capital.

If say 5 years down the line your investment is showing a profit net of withdrawals and you wish to encash it the formula is as so:

Say £10,000 profit 'top sliced' by dividing it by 5 (the period of years of investment) = £2,000 for which a 'Chargeable Event' certificate would be issued for production to whichever tax regime you belong to. Gross high rate deposit interest accounts are available within 'Wrappers' and you can still take a punt at equities if that is your desire.

A 'Capital Investment Bond' is simply a single premium none qualyfying life assurance contract that pays out 101% of the value of the bond on death thus sheltering it from all multi national information sharing because it is not classed as 'cash' until any profit is encashed. No 'World Wide Wealth Declaration' is required and it can be sheltered from future IHT liabilities by placing it in a trust.

Don't just presume that 'Off-Shore Accounts' means 'Off-Shore Bank Accounts', because it doesn't. Me thinks that the workings of the international financial services industry will most probably be a mystery to a 37 year old with no experience in that sector (I had no knowledge of such things when I was 37)). It's only when you have capital to 'Legally Shelter' from the tax authorities that such accounts would come to your attention. And most importantly the tax authorities don't advertise the existance of these products to their prey, becuse they want to get their grubby little hands on your hard earned and taxed money.

A little knowledge can be very dangerous, whilst a little more knowledge can be very profitable.

[crookesey]

The Euro has been having a good time strength wise due to other world currency factors, it can only weaken against a strengthening dollar.

I was all for joining the single currency when a Euro stood at 60 pence and there were far fewer EU member states. What would happen if they let the likes of Poland, Bulgaria and Turkey join the single currency god only knows?

[Stravinsky]

Just got 1.23

[SunnySpain]

"I was all for joining the single currency when a Euro stood at 60 pence and there were far fewer EU member states. "

As the Euro currently equates to 79 pence, does this mean you think it would be a bad idea to join the single European currency and if so, why ?

[carefreebrit]

With regard to the original question of exchange rate prediction, my wife is a bit of a conspiracy theorist and thinks the powers that be are trying to get something like one to one so nobody will argue too much and just accept the UK joining the Euro.
I try reading the financial times daily as my money is in sterling and I have to change it regularly [bulgarian lev for now, euros in Spain /Italy next month]. The pound has already fallen quite a bit and the euro is said to be over-valued, so I am hoping that although the pound will drop again, the euro will drop even more so giving a rate of around 1.35 euro per pound.