So you had 1 million Swiss francs yesterday......today you've got 1.3 million!!!

[Parisien]

http://www.bbc.co.uk/news/business-30829917


Oh, well......


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[BJL]

The pound will follow. It is 1.30 today and forecast to 1.35 by end of Jan.

 

[Parisien]

Indeed its been going up this last few months, but this was literally over night, but you'd need to be a trader I suspect to have gotten the top rate!

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[drewf]

It's not ideal - that's put up my weekly parking bill at Geneva airport by the same ludicrous jump.

 

[Wattie]

Headlines a bit misleading......you've still got a million swiss francs.......you've gotta swap them into Euro's to gain from the FX.
Given the Euro is a disaster, with deflation, Greek potential default/ exit etc and QE which could get Germany to exit.....you'd have to have some hefty Euro outlays to be tempted....the Euro could fall further......
Cheers Wattie

 

[drewf]

The Euro will undoubtedly fall further - my French friends are fully expecting QE to kick in there, which will drag it down.

 

[mjheathcote]

Didn't realise the Euro had fallen so much recently. Good for when I go skiing!
When the Euro was strong down to 1:1 it was great when I was selling my Elise, sold within half an hour to a nice French guy, and could have sold it many times over to other European buyers, it was madness but put me in a nice position to buy the Maser.

 

[TridentTested]

I enjoyed a lazy boozy lunch in Geneva on Tuesday. Presented with the bill I couldn't decide whether to pay on my French credit card or my UK one; both would attract an FX transaction fee.

Luckily for me I opted to pay in cash.

 

[drewf]

That's the problem I always face too, but I can assure you I don't have sufficient Swiss cash to last the rest of the year!

I need to find a way to get some invoices paid in Swiss Francs... Have Sterling, Dollars and Euros covered, but CHF have always eluded me.

 

[hilts uk]

I wouldn't bet on the £ going up. Inflation is very low so no rate rises ahead and the election will create a lot of uncertainty which currency markets hate. A labour / SNP coalition would be terrible for sterling (and for anyone inside the M25 I imagine).

 

[drewf]

I agree, but it's not so much about Sterling rising, more about the Euro falling.

 

[safrane]

Ahhhh Memories of when the Euro was worth buttons about 12 years ago at 1.74 to the £

 

[Parisien]

Yup, 2002/3 was a great time to buy some property in Paris!


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[Parisien]

(and for anyone inside the M25 I imagine).

And what about the 90% outside the longest carpark in the world!!!!!????





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[BJL]

1.33.5 this morning and going up.......

 

[safrane]

Yep...Quantitate Easing 4 years after everyone else started...and who says European politics take forever!