Will EURGBP go to Parity?

[mauzj]

Those earning in Euros have received a payrise. While those who earn in GBP have seen their holidays increase in price.

Anyway, where do you think EURGBP is going?

 

[chilltrader]

Not only parity... the GBP will cease to exist completely.

 

[arabianights]

EUR will cease existing before GBP. Mark my words.

 

[chilltrader]

EUR will cease existing before GBP. Mark my words.

Marked... and will be published (with fanfare :cheesy as soon as the GBP "merges" into the EURO

 

[chilltrader]

George Soros must be squirming thinking about all those trades he has missed on the EUR-USD

He could have moved the currency with a few eurocents a pip unlike the little nudge he gave to the GBP which led to a crash not so long ago.

Oh wait! did it happen again you say?!

Now that IS a "trend".... straight down the floor!

 

[dilesh23]

now the next important question should be.... do we believe what a banks report tells us... however well they they paint a perfect picture

 

[chilltrader]

now the next important question should be.... do we believe what a banks report tells us... however well they they paint a perfect picture

Interesting!

So the B(w)ank ANAL-ysts are up to the old tricks again

 

[arabianights]

And we just went through 96

 

[mauzj]

And we just went through 96

Awesome. Everyday's a pay rise! (assuming I don't lose).

 

[nile_croc]

Awesome. Everyday's a pay rise! (assuming I don't lose).

It's getting too easy! In the meantime, i've cut my size way down and tightened my stops.

 

[Atilla]

I think the parity is more than likely in the current climate and probably under €1.

Blast from the past £1 = $8. (Early 1800s)
Prior to world wars £1 = $4.

WWars saw US econ devel whilst UKs go down the pan along with sterling.

Early this year £1 = $2.1 was due to UK finance being the strong, robust and a key financial centre of the world - as US sub-prime crises evolved.

Since then with Northern Rock and similar banking crises exposed - UK financial sector was not sheltered but in fact in bed with the US sub-prime crises as it unwound.

Thus previous assumptions re:UK financial strength were wrong... Moreover, BoE totally misjudged situ and response at the start of crises.

That's history. Going forward the future...


European Union, the North American Union which has recently got more hearing and the Asian Union mentioned once or twice, in a global market place, unions give one protection to some extent. In such environments small countries with ever diminishing manufacturing economies will ultimately face severe challenges if they are isolated. Even more so when the strong financial 'service sector' is knocked for six.

Frankfurt and Paris are forever competing for financial dominance and London stands to lose out to the Euro if the demise of the dollar standard is set to continue.

Based on history and fundamentals for the future, parity will be hit soon and if the worst materialises then we'll be talking about the demise of sterling in the near future.

UK was late in joining the EEC and now sterling is late in joining the Euro. Still clinging to the past and reluctance to embrace change is likely to leave sterling as the currency of short change.

 

[BigDrew]

I try to trade what I see, not what I think. I like to tell my dog my opinion and then forget about it. He always ignores me, and grooms his nether regions while I tell him, so I guess he doesn't find it that valuable.

GBP could go to 65 Euro cents, who knows how irrational markets can be. Think about oil - $150 to $34 in a few weeks. Not knowing is where it's at.

Fundamentals sadly don't really count for lots of trading. Unless you have the patience of Warren Buffet.

 

[chilltrader]

Enjoy the ride

 

[nile_croc]

there's no bigger rush than trading something that goes parabolic

 

[Atilla]

I try to trade what I see, not what I think. I like to tell my dog my opinion and then forget about it. He always ignores me, and grooms his nether regions while I tell him, so I guess he doesn't find it that valuable.

GBP could go to 65 Euro cents, who knows how irrational markets can be. Think about oil - $150 to $34 in a few weeks. Not knowing is where it's at.

Fundamentals sadly don't really count for lots of trading. Unless you have the patience of Warren Buffet.

Yes I agree 101%. TA is what trade decisions should be based on.

However, question was will EURGBP go to parity?

Your dogs nether regions have been noted. :cheesy:


Festive greetings.

 

[BigDrew]

I had a word with my dog once he'd finished his maintenance task for the morning.

He figures a test of parity is almost inevitable, followed by some fireworks around that region. He also figures the pattern could be quite similar to the the CADUSD price behaviour over the last 24 months(USD went as low as 0.92 CAD, followed by a 9 month consolidation bouncing around parity).

I'd be inclined to trade smaller size, wider stops.

 

[bhavin]

Not only parity... the GBP will cease to exist completely.

he he he i like it! LOL
It is high time we Brits consider ourselves as Europeans and not part of America
The sooner the GBP ceases to exist the better for Europe and UK

 

[N Rothschild]

hmm i think you will find the average brit does not agree with you on that one! brits arnt Europeans and never will be...

it will be an extremly sad day if the mighty pound ceased to exist..

we have a hell of alot more incomon with america than europe, it was once part of our empire, most of the population are of british decent and they speak the same lanuage..wqhat exactly do we have in common with france and germany? cept a few wars..

 

[spreader_legger]

hmm i think you will find the average brit does not agree with you on that one! brits arnt Europeans and never will be...

it will be an extremly sad day if the mighty pound ceased to exist..

we have a hell of alot more incomon with america than europe, it was once part of our empire, most of the population are of british decent and they speak the same lanuage..wqhat exactly do we have in common with france and germany? cept a few wars..

Sorry to burst your bubble .... but most Americans are actually of German decent.
But I guess they all still speak English ... so that doesn't really matter!

 

[N Rothschild]

intresting, learn something new everyday..but still...you know what i mean anyway our royal familly is german lol