Not sure ...................... Submitted by alan h on Thu, 06/10/2010 - 07:19 In reply to A newbie all over again! by Annec But I have a suspicion that when the Spanish, Portuguese and possibly Italian economies got 't*ts up', the Euro could drop further against the pound [although both will probably plummet against the dollar] Log in or register to post comments Not sure ...................... Submitted by alan h on Thu, 06/10/2010 - 07:19 In reply to A newbie all over again! by Annec But I have a suspicion that when the Spanish, Portuguese and possibly Italian economies got 't*ts up', the Euro could drop further against the pound [although both will probably plummet against the dollar] Log in or register to post comments I'm in the process of buying Submitted by Alanino on Thu, 06/10/2010 - 12:38 In reply to A newbie all over again! by Annec I'm in the process of buying a property - and I will have to hand over the full amount in the next few months. I have a bank account in Italy already set-up with the co-op group (which by the way was relatively easy to set-up considering i'm not a resident). Anyway thru a currency broker, i was offered 1.21 as the rate to transfer some cash - but i'm waiting. IMO - the euro will get weaker over the coming weeks and indeed months - and I think 1.25 - 1.30 is more like the position is shuld be. Where every cent movement making my house purchase about £1000 cheaper, I am constantly reading and studying this. And shoot me down for a long term forecast, but I think the euro willnot exist in 5 years time! Log in or register to post comments If you think the euro will Submitted by Capo Boi on Thu, 06/10/2010 - 17:55 In reply to A newbie all over again! by Annec If you think the euro will not exist in 5 years time, why are you buying now? If you are correct, wait for Italy to go back to the lire. Prices could easily be 40% lower in sterling terms.......unless, sterling falls out of bed as well. Log in or register to post comments Pas, the crucial rate is Submitted by Capo Boi on Thu, 06/10/2010 - 18:24 In reply to A newbie all over again! by Annec Pas, the crucial rate is euro-dollar. Sterling, now is such a small fragmant of the world community that it is easy to buffet about. At the start of the year, euro-dollar was 1.46. Now, about 1.20. Sterling has not really moved (on a trade weighted basis) despite moving from 1.10 to the the euro to 1.21 now. The fall / rise is in the euro-dollar rate, not sterling. If you think the euro will continue to underperform the dollar, then wait to buy sterling. Conversely, if you think the euro is going to bounce back against the dollar then buy sterling now. Whatever your opinion on the sterling-euro rate, it will be overwhelmed by movements in the euro-dollar rate. Log in or register to post comments That's all very well if I've Submitted by pas55 on Thu, 06/10/2010 - 18:57 In reply to A newbie all over again! by Annec That's all very well if I've got Dollars.But,for £'s then all I'm looking to is £ againest Euro.At the start of 2010 £1=around 1.01 Euro now £1=1.19 Euro. Log in or register to post comments The sensible way...... Submitted by SirTK on Fri, 06/11/2010 - 02:40 In reply to A newbie all over again! by Annec If you have a known and ongoing requirement for euros, the sensible way is to buy some whenever you believe the rate is not too bad (like now) - even though you don't necessarily believe it won't get better next week, month, etc. That way you build up a fund to cover your outgoings during the times when you think the rate is really bad. If you try to second-guess the exact point to pounce and change all your money in one go, you are what is known as a currency speculator. In other words, do as I say, not as I do . Log in or register to post comments Join to ask a question!Top Questions Introductions Travel Property Society Living Italian Language Food and Wine Weddings Restaurant Review Post Search Questions Latest property in Italy Fractional ownership in Florence 66 m² 2 Bedrooms 179000 Country Home - Restored in Bevagna 1450 m² 9 Bedrooms 0 Fractional ownership in Casoli 89500 Fractional ownership in Montalto delle Marche 210 m² 4 Bedrooms 135000 Country Home - To Restore in Rocca San Giovanni 140 m² 3 Bedrooms 150000 Detached House in Montedinove 120 m² 2 Bedrooms 155000 See More Related Questions Train travel from UK to Italy Just got back from a short visit to Italy (5 days in Piemonte near Lake Orta… read more For all peoples interest in Buy in Italy , here's the Italian real estate market statistics , at 2023 year… read more Canada Reciprocity !! As of January 2023, a new law has come into effect in Canada that prohibits foreign… read more How can I obtain the deed for a house that my Father owns in Italy?