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Any Currency Traders on here
05 October 2017 08:08 Post ID: #1556236
Supreme MO
500020005002525
My Euro's are running low and I was wondering if there is any light of opportunity with a increase in the £, I know it may fall further if the proposed interest rate rise fails to materialise but what are the chances of the QE taps being turned off in Europe !

I grabbed a fair few in the mid 120s into the mid 130s but not enough it seems.
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05 October 2017 08:30 Post ID: #1556237 - in reply to #1556236
Supreme MO
50002000100050010025
Don't think Nick Leeson posts on here - he's a Yid.

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05 October 2017 08:41 Post ID: #1556238 - in reply to #1556236
GeroniMO
20002525
the SP500 has been rising steadily, it will crash down soon, good short.
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05 October 2017 08:46 Post ID: #1556239 - in reply to #1556236
Supreme MO
5000100025
Those days in the 120's seem long gone LH.
The only thing you can do is watch for little spikes last week. It jumped 5 cents or so in a couple of days.
I bought twice during that rise, including what turned out to be the top at 1.1409.
Never EVER use a high street bank for currency exchange.
If you want to know how to get the interbank rate send me a pm.
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05 October 2017 09:24 Post ID: #1556244 - in reply to #1556236
Supreme MO
500020005002525
Paul I still get a good rate of exchange when the market is riding in the £s favour, I have been spoilt because my pal worked on PO counters where the rate is extortionate and he used to avoid putting it through the system so I would buy under the rate, but he's no longer there.

I keep hearing the Euro is a basket case but it seems pretty stable, I keep hoping for a German wobble but from the £ point of view it is wishful thinking on my behalf, I have about 1500 euro left so that will cover a weeks trip somewhere but I will then cut back on euro travel whilst it's a crap exchange rate, I could never buy below 120 I understand your position because you need to live on your UK pensions and savings.

We should pull the plug on the EU ok the pound will probably hit below one for one but we should take our short term medicine.
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05 October 2017 10:22 Post ID: #1556250 - in reply to #1556236
MOjo
20001000100
Bit of a gamble trying to predict sterling, euro and dollar at the moment. Sterling just took a tumble this morning probably because car sales are down 9%.
I trade in Euros but while it's so up and down I just buy the Euros that equal my sterling sales at the time and stick them in a Euro account which I usually pay six weeks later. This way can't win or lose.
I have a contact that gives really good Euro rates if you're buying enough.
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05 October 2017 11:27 Post ID: #1556257 - in reply to #1556244
Supreme MO
5000100025
lionheart48 - 5/10/2017 10:24

Paul I still get a good rate of exchange when the market is riding in the £s favour, I have been spoilt because my pal worked on PO counters where the rate is extortionate and he used to avoid putting it through the system so I would buy under the rate, but he's no longer there.

I keep hearing the Euro is a basket case but it seems pretty stable, I keep hoping for a German wobble but from the £ point of view it is wishful thinking on my behalf, I have about 1500 euro left so that will cover a weeks trip somewhere but I will then cut back on euro travel whilst it's a crap exchange rate, I could never buy below 120 I understand your position because you need to live on your UK pensions and savings.

We should pull the plug on the EU ok the pound will probably hit below one for one but we should take our short term medicine.


Yes, that's right. I have to live on the wretched Euro, so I have to buy on a regular basis. When the rate is poor, as it is at the moment, I try and limit my exposure to the poor rate by only buying what we need for the next month's living expenses. All major purchases, like a new car, get put on hold till the rate improves significantly, which I am confident it will.
Is my confidence misplaced??
If I knew that I'd be a millionaire many times over.

My offer still stands, I have a means of exchanging at the inter bank rate that you see on the telly, no deductions, no commission. You get that rate....and yes it is 100% legal and above board. You will never get a better rate on any day than that.
If anybody wants the details, pm me.
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05 October 2017 12:03 Post ID: #1556267 - in reply to #1556236
Supreme MO
500050010010010025
brighton are toilet traders.wrong uns
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05 October 2017 14:56 Post ID: #1556282 - in reply to #1556236
MOaner
50005000500100100100100
It is only a matter of time before the Euro collapses along with the EU.
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05 October 2017 15:22 Post ID: #1556283 - in reply to #1556282
Supreme MO
5000100025
Arthur2shedsJackson - 5/10/2017 15:56

It is only a matter of time before the Euro collapses along with the EU.


You couldn't help us out with a timescale could you Arthur? only I fancy buying a Mercedes or BMW
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05 October 2017 15:43 Post ID: #1556286 - in reply to #1556283
MOaner
50005000500100100100100
BigPaul - 5/10/2017 15:22

Arthur2shedsJackson - 5/10/2017 15:56

It is only a matter of time before the Euro collapses along with the EU.


You couldn't help us out with a timescale could you Arthur? only I fancy buying a Mercedes or BMW :grin:


It will take longer than expected because politicians like to drag things out as long as possible.
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05 October 2017 16:14 Post ID: #1556288 - in reply to #1556236
Supreme MO
5000100025
Thanks Arthur, that's a definite maybe then?
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05 October 2017 16:55 Post ID: #1556291 - in reply to #1556236
Supreme MO
500020005002525
Paul, you are doing the right thing for the short term, live within your means and you'll have a nice little nest egg when the rate recovers with whats sitting around in your uk bank, buy in tranches and then take an overall rate.
My fast diminishing pot averaged about 130, renting from private owners wrecks my pot because they all want the local currency but I'm crying like mad that I need a discount because of the poor pound exchange rate.
My Tenerife man put the price up for this winter and I told him I was looking for something cheaper this year, he came back weeks later with a reduced rate.
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05 October 2017 17:16 Post ID: #1556292 - in reply to #1556288
Supreme MO
50002000100050010025
BigPaul - 5/10/2017 16:14u



Thanks Arthur, that's a definite maybe then?




Arthur's last tip on here - a nailed on cert - cost me my home and marriage.


God, I do miss living in that house.



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05 October 2017 20:22 Post ID: #1556301 - in reply to #1556291
Supreme MO
5000100025
lionheart48 - 5/10/2017 17:55

Paul, you are doing the right thing for the short term, live within your means and you'll have a nice little nest egg when the rate recovers with whats sitting around in your uk bank, buy in tranches and then take an overall rate.
My fast diminishing pot averaged about 130, renting from private owners wrecks my pot because they all want the local currency but I'm crying like mad that I need a discount because of the poor pound exchange rate.
My Tenerife man put the price up for this winter and I told him I was looking for something cheaper this year, he came back weeks later with a reduced rate.


First rule of my life LH, always live within my means. I have never broken it and I never will.
If I cannot afford it, I don't buy it. I have not even taken a loan for a car in about 20 years.
Especially important on a fixed income that can lose 30% of its value overnight, and has done, twice!
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05 October 2017 20:44 Post ID: #1556303 - in reply to #1556301
Supreme MO
500020005002525
BigPaul - 5/10/2017 20:22

lionheart48 - 5/10/2017 17:55

Paul, you are doing the right thing for the short term, live within your means and you'll have a nice little nest egg when the rate recovers with whats sitting around in your uk bank, buy in tranches and then take an overall rate.
My fast diminishing pot averaged about 130, renting from private owners wrecks my pot because they all want the local currency but I'm crying like mad that I need a discount because of the poor pound exchange rate.
My Tenerife man put the price up for this winter and I told him I was looking for something cheaper this year, he came back weeks later with a reduced rate.


First rule of my life LH, always live within my means. I have never broken it and I never will.
If I cannot afford it, I don't buy it. I have not even taken a loan for a car in about 20 years.
Especially important on a fixed income that can lose 30% of its value overnight, and has done, twice!


Paul, sorry, maybe I used a wrong context being what I was trying say, i would change up as little as possible, not that you live within your means.
I hate being forded into a corner and will not strike what I consider to be a poor deal, my need is tourism and so will look at other avenues to get value.
Sorry mate if my poor grammar let me down once more, no offence meant.
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05 October 2017 22:02 Post ID: #1556317 - in reply to #1556236
Supreme MO
5000100025
No worries mate.
Yes, of course, at the moment, I change the minimum I need to pay the bills. The rest goes into premium bonds, which have paid out again this month, by the way!!
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