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pounds sterling to euro?

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  • 11-01-2011 8:50am
    #1
    jocotty
    Closed Accounts Posts: 338 ✭✭


    Hello,

    I have been living in the UK with the past 3 years, and am about to return to ireland for good. can anyone please tell me, is now a good time to change my savings (in pounds sterling) to euro, or should i keep my savings as pounds , until some other time, when i would get more euros foy my pounds? thanks jo
    Tagged:


Comments

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    #2
    Smcgie
    Registered Users Posts: 1,379 ✭✭✭Smcgie


    Euro is currently at a 4month low so I couldn't see a better time than now.


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    #3
    Tomba
    Closed Accounts Posts: 12 ✭Tomba


    I would disagree; technially it looks like Eur/GBP will break down further. I would wait until it breaks below 80p to the €


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    #4
    jocotty
    Closed Accounts Posts: 338 ✭✭jocotty


    Tomba wrote: »
    I would disagree; technially it looks like Eur/GBP will break down further. I would wait until it breaks below 80p to the €


    thanks to you both for your opinion. iv been reading up on it today, and from what they say, the pound sterling is going to get stronger towards the euro....so i think i will wait a while. Why do you say "until it breaks below 80p?" Do you think this is as low as the euro will get?

    thanks again.
    Jo


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    #5
    irishh_bob
    Closed Accounts Posts: 5,700 ✭✭✭irishh_bob


    jocotty wrote: »
    thanks to you both for your opinion. iv been reading up on it today, and from what they say, the pound sterling is going to get stronger towards the euro....so i think i will wait a while. Why do you say "until it breaks below 80p?" Do you think this is as low as the euro will get?

    thanks again.
    Jo

    thier is meant to be a meeting ( in the uk ) on interest rates in the next week , keep and eye on that , if rates rise , the pound will strengthen further


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    #6
    Shauny2010
    Closed Accounts Posts: 657 ✭✭✭Shauny2010


    Why would you necessarily need to convert your savings, are you going to spend the money straight away or just keep saving it here?
    You could just leave it in sterling and convert what you need


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    #7
    poodles
    Registered Users Posts: 426 ✭✭poodles


    Shauny2010 wrote: »
    Why would you necessarily need to convert your savings, are you going to spend the money straight away or just keep saving it here?
    You could just leave it in sterling and convert what you need

    Buy a car with hight VRT and import it - you won't have to pay the vrt returning home


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    #8
    jocotty
    Closed Accounts Posts: 338 ✭✭jocotty


    Shauny2010 wrote: »
    Why would you necessarily need to convert your savings, are you going to spend the money straight away or just keep saving it here?
    You could just leave it in sterling and convert what you need


    no, im in no panic to convert it..just want to pick the right time when i can get the most euro for what i have. it'll all be needed once i return to ireland!! Dont want to miss out on a good return.

    thanks,


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    #9
    jocotty
    Closed Accounts Posts: 338 ✭✭jocotty


    Shauny2010 wrote: »
    Why would you necessarily need to convert your savings, are you going to spend the money straight away or just keep saving it here?
    You could just leave it in sterling and convert what you need


    no, im in no panic to convert it..just want to pick the right time when i can get the most euro for what i have. it'll all be needed once i return to ireland!! Dont want to miss out on a good return...so just wondering will the euro get any lower compared to the pound.

    thanks,


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    #10
    jocotty
    Closed Accounts Posts: 338 ✭✭jocotty


    poodles wrote: »
    Buy a car with hight VRT and import it - you won't have to pay the vrt returning home


    already done that!!

    thanks


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    #11
    Tomba
    Closed Accounts Posts: 12 ✭Tomba


    jocotty wrote: »
    thanks to you both for your opinion. iv been reading up on it today, and from what they say, the pound sterling is going to get stronger towards the euro....so i think i will wait a while. Why do you say "until it breaks below 80p?" Do you think this is as low as the euro will get?

    thanks again.
    Jo


    In the short term it looks like there will be a bit of a bounce back up over 84p but medium to longterm the eur/gbp will continue it's downtrend which it started from it's high of .9799... In my opinion of course. I would think that it will go to a range of between .77-.80.


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