Gran Alacant Forum

Gran Alacant Forum => General Discussions => Topic started by: Joe1965 on March 11, 2015, 08:39.

Title: Remarkable fall of Euro
Post by: Joe1965 on March 11, 2015, 08:39.

Quite an incredible fall of Euro against the Dollar and Sterling in recent months.

Just wondering when it will turn around or whether this is to continue.

Not necessarily a good thing.

http://www.bbc.co.uk/news/business-31811791

Title: Re: Remarkable fall of Euro
Post by: John H on March 11, 2015, 09:05.

It's been on the cards for months Joe, the economies of the Eurozone countries have been struggling for a while and they have been very close to if not into deflation
They are only doing what most central banks/governments have done to stimulate the economy.
When will we see it return to parity or say €1.25 to the £ who knows.........how we all vote in May could have a big impact on that.
As a friend said yesterday "it'll be like going to Spain years ago, out to eat every night"..........thereby helping drive the economy

Regards all

John


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Title: Re: Remarkable fall of Euro
Post by: Spurs on March 11, 2015, 09:18.

Yes coming out Friday and got 1.361 at local travel agent don't think its been that high for about 8 years might get more today and store it for next year as well

Title: Re: Remarkable fall of Euro
Post by: Joe1965 on March 11, 2015, 18:41.

I just wonder where it will peak........................1.50 ?

And I also wonder about people with houses trying to sell which isn't great news but to every advantage there will be disadvantage I suppose.

Title: Re: Remarkable fall of Euro
Post by: GAMagazine on March 11, 2015, 20:01.

Great if you are on the pension

30 percent on top of the uk plus cheaper living out here

Buying a house out here must be a steal

Title: Re: Remarkable fall of Euro
Post by: Carruthers on March 11, 2015, 20:37.

Great for my holiday next week, got 1.3875 euros to the pound on the high street this afternoon. Who knows how high it will go but the forthcoming general election might have some bearing, especially if there is a hung parliament.

Title: Re: Remarkable fall of Euro
Post by: Corporal Jones on March 11, 2015, 20:51.

Might appear selfish but the higher the rate and the longer it remains high the better,bear in mind that spain trades a lot with the rest of the euro zone so it makes no difference there, tourism is a big part of the economy so any non euro tourists will no doubt spend more i know we will after many years of scrimping when the rate was poor. €1.50 here we come

Title: Re: Remarkable fall of Euro
Post by: John H on March 11, 2015, 20:58.

That new kitchen, new furniture and big flat screen won't be such a burden

Regards all

John


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Title: Re: Remarkable fall of Euro
Post by: Corporal Jones on March 12, 2015, 09:10.

In all fairness when they used the peseta prices were always cheaper in spain it was only on joining the euro that prices were rounded upwards then have continued to rise ever since

Title: Re: Remarkable fall of Euro
Post by: puddy-woo on March 12, 2015, 09:41.

Well its got to be good for GA - more spending money means more meals out. I'm not going to say more drink cos 3 GA gins and its home time for me!!!!


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