Pound gaining strength

davedee



Joined: 01/12/2008
Posts: 479

Message Posted:
11/11/2010 20:02

2.31 tl to pound and 1.18 Euro to pound.

batgirl


Joined: 04/02/2009
Posts: 676

Message Posted:
11/11/2010 20:08

Its not the pound its the dollar weaking

batgirl


Joined: 04/02/2009
Posts: 676

Message Posted:
11/11/2010 20:09

Sorry meant weakening

stilluvithere



Joined: 03/12/2008
Posts: 765

Message Posted:
11/11/2010 23:39

what has the dollar got to do with the euro and the TL

Brinsley


Joined: 04/04/2009
Posts: 6858

Message Posted:
11/11/2010 23:56

TL is unofficially tied to the $US, the £ floats and the € is a total enigma in its strength!



Richard

Railroad


Joined: 29/06/2010
Posts: 43

Message Posted:
12/11/2010 06:57

I need to change some £,s to Euros, quite soon.

I believe if i do this in the north, they change my £,s to Lira then Lira to Euros, do i loose by this happening, would i be better changing my £,s in the south, directly into Euros.

Also for any of you that may follow the markets, is there any sort of trend at this time of year, with people spending for Christmas, will the pound weaken against the Euro or not, should i wait or buy now.



Thanks Railroad

WotNoDeeds!


Joined: 26/08/2009
Posts: 687

Message Posted:
12/11/2010 07:31

Yahoo will give you upto 5 year chart on currencies I change my £,s to Lira then Lira to Euros also lira to dollars and it makes very little difference.





http://uk.finance.yahoo.com/q/bc?s=GBPTRY=X&t=5d&l=on&z=m&q=l&c=

batgirl


Joined: 04/02/2009
Posts: 676

Message Posted:
12/11/2010 07:36

Msg 6 yes you will lose as the exchange rate will be charged twice

Pugwash


Joined: 06/09/2010
Posts: 1797

Message Posted:
12/11/2010 07:59

A good article here on the Dollar/TL situation





http://www.todayszaman.com/tz-web/news-217977-turkish-lira-gaining-value-as-dollars-steam-fades.html

batgirl


Joined: 04/02/2009
Posts: 676

Message Posted:
12/11/2010 08:04

That article is 3 months old

LOvegod


Joined: 22/03/2009
Posts: 161

Message Posted:
12/11/2010 17:00

Sterling is probably a good currency to hold right now. Its in a multi-year bull market against the US Dollar which should trend higher into mid 2011 . However it could possibly fall back in about feb next year if the BOE decides that this time they will opt for qe2 but should continue its upward movement in April possibly hitting 1.85 in July and correlating to 1.30 in the euro. This should help sterling in the short term against YTL as well. To check out the currency charts log on to http://www.ADVFN.