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  #121  
Old 24.07.2009, 16:48
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Re: Gbp/chf..wow 1.76

I reckon you'll see over CHF2 = £1 after the Conservative get in. But how lon that will past is another matter. The 50-year trend is always downwards for the pound...
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  #122  
Old 24.07.2009, 19:06
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Re: Gbp/chf..wow 1.76

I figured that when GBP was hitting 1.52 that it was oversold and I said back in April on the other thread:
GBP CHF performance?
that I thought we'd be stuck in a 1.60 to 1.70 range

I still reckon that's where we would be if it wasn't for the SNB selling it's own currency. I think with GBP trading close to year highs it's got more to lose than it has to gain so my guess is that we might come back within that range.
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  #123  
Old 24.07.2009, 19:36
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Re: Gbp/chf..wow 1.76

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Thread opened 9 months ago, and the rate is still 1.76, what a boring life!

Anyway, no big change in last 2 months unlike some suggestions. Any new suggestions?!
A coincidence - there have been huge movements since then - almost down to 1.50 before the partial recovery.

Graph of the last 12 mths...
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  #124  
Old 25.09.2009, 08:25
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Re: Gbp/chf..wow 1.76

1.64 eh? With friends like Mervyn King talking down the pound who needs enemies?
http://finance.yahoo.com/echarts?s=G...urce=undefined
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  #125  
Old 25.09.2009, 08:30
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Re: Gbp/chf..wow 1.76

I feel quite smugly satisfied at the moment. We transferred several k of stirling to CH back in July to finance our appt purchase, when it was hovering around the 1.80 mark, glad I didn't wait....
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  #126  
Old 25.09.2009, 09:10
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Re: Gbp/chf..wow 1.76

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I feel quite smugly satisfied at the moment. We transferred several k of stirling to CH back in July to finance our appt purchase, when it was hovering around the 1.80 mark, glad I didn't wait....
I feel even smugger doing the same in the summer of 2007 at 2.42. Will we ever see that again??
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  #127  
Old 25.09.2009, 09:27
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Re: Gbp/chf..wow 1.76

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I feel even smugger doing the same in the summer of 2007 at 2.42. Will we ever see that again??
Damn you for your superior smugness.
Hell, even a year ago it was hovering round the 2.40 mark, shame we weren't considering buying at the time
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  #128  
Old 25.09.2009, 09:35
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Re: Gbp/chf..wow 1.76

What are you complaining guys? Payoff your mortgage or debt. I feel it may go down all the way to 1.55 and will bounce back to 1.85 in the next 12-18 months

Good time to buy FTSE listed shares whose revenues are in non-gbp
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  #129  
Old 25.09.2009, 09:48
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Re: Gbp/chf..wow 1.76

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I feel even smugger doing the same in the summer of 2007 at 2.42. Will we ever see that again??
Bugger. I don't feel quite so smug about doing the same for 2.4013 on the 21 May 2007 now
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  #130  
Old 25.09.2009, 09:50
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Re: Gbp/chf..wow 1.76

I´m really stuffed. Am thinking of buying here but all my assets are in UK. Oh bugger
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  #131  
Old 25.09.2009, 13:25
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Re: Gbp/chf..wow 1.76

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I´m really stuffed. Am thinking of buying here but all my assets are in UK. Oh bugger
Just when I thought I'd cleared everything but a token amount out of the UK I find that I'm about to inherit a share in a house, which is rotten timing and out of my control. In my opinion the UK property market is still overpriced and when taxes and austerity measures start hitting pockets I can't see a rally for quite some time.
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  #132  
Old 25.09.2009, 13:34
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Re: Gbp/chf..wow 1.76

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What are you complaining guys? Payoff your mortgage or debt. I feel it may go down all the way to 1.55 and will bounce back to 1.85 in the next 12-18 months

Good time to buy FTSE listed shares whose revenues are in non-gbp
Also may be worth buying sterling now and putting into a 5% saving account if you are not a risk taking peron. if(when) sterling recovers in 18-24 months you could be looking at a good return...

If you are non dom then you don't pay tax on the interest earned in a UK account but you need to apply for this...
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  #133  
Old 25.09.2009, 13:54
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Re: Gbp/chf..wow 1.76

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... putting into a 5% saving account ...
Where are these accounts of which you speak?
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  #134  
Old 25.09.2009, 14:01
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Re: Gbp/chf..wow 1.76

here

http://www.telegraph.co.uk/finance/p...or-savers.html

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Where are these accounts of which you speak?
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  #135  
Old 25.09.2009, 14:11
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Re: Gbp/chf..wow 1.76

two-four year fixed bonds with no early access. Hmmm...

http://www.thisismoney.co.uk/news/ar...=2&expand=true
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MPC expects 'sharp rise' in inflation
The most likely way for sterling to appreciate over this two-four year period is for inflation in the UK to force IRs up. These bonds won't look so good then.
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  #136  
Old 25.09.2009, 14:17
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Re: Gbp/chf..wow 1.76

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The most likely way for sterling to appreciate over this two-four year period is for inflation in the UK to force IRs up. These bonds won't look so good then.
Good point, better to take advantage of low interest rates and invest in property instead then. Afterall 2-4years is a huge time to lock yourself in, just for the sake of a couple of %, give the current climate.
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  #137  
Old 25.09.2009, 14:18
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Re: Gbp/chf..wow 1.76

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Where are these accounts of which you speak?
Yeah sorry. More like 3.3%. Been a while since I looked at the saving accounts in GB.

Still could make a good overall return.

As long as sterling bounces that is.
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  #138  
Old 25.09.2009, 14:22
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Re: Gbp/chf..wow 1.76

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What are you complaining guys? Payoff your mortgage or debt. I feel it may go down all the way to 1.55 and will bounce back to 1.85 in the next 12-18 months

Good time to buy FTSE listed shares whose revenues are in non-gbp
From the Financial Times

Quote:
The creatively-named Moonraker Fund Management is, we think, one of the first firms to say the below relatively explicitly.

The boutique investment house is “concerned” that banks may have been using their bailout money — and no doubt some of their quantitative easing-gained liquidity — to buy equities, thereby fuelling the summer rally. The danger, they say, is that this is a relatively “thin” rally — and one which is vulnerable if banks suddenly decide to pull out and crystallise their gains.

...

“The banks’ balance sheets will certainly have benefited from their equity holdings. If they could sell these investments into a rising market then they would be in a better position to repay their debts. But there will be a problem if the public and institutions do not join the rally and the banks have to sell equities into a vacuum.”
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  #139  
Old 25.09.2009, 14:31
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Re: Gbp/chf..wow 1.76

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Good point, better to take advantage of low interest rates and invest in property instead then. Afterall 2-4years is a huge time to lock yourself in, just for the sake of a couple of %, give the current climate.
If (when) IRs go up in the UK, the housing market should take another leg down - the main risk is a gilts strike by foreign purchasers leading to a void when QE ends, thus a big spike in IRs - in which case it'll be carnage.

Personally, I'd go for 3% in a short term account: http://www.moneysavingexpert.com/sav...-best-interest and then reevaluate options every few months or so.

UK property might be worth holding onto if already owned, as long as it's cashflow positive and can be forgotten about for a decade or so. But fresh investment now looks risky compared to what must be a very limited upside.

Or wait for the next major gold or silver pullback. But that's risky too...
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  #140  
Old 25.09.2009, 14:32
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Re: Gbp/chf..wow 1.76

People who have invested 6 months ago are sitting on 30-35% profits. Even now if you look carefully there are some relatively safe shares with 4-5% yields and maybe some capital growth.

What do I know? I only invest my own money based on unscientific conservative investing principles
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