ECB

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ECB

Post by ghiro on Thu Nov 07, 2013 4:39 pm

I see the ECB has unexpectedly cut the interest rate to 0.25% today.

This should stimulate the Eurozone economy and also make the £ stronger against the € (the exchange rate is currently hovering just under 1.20 bounce bounce ).
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Re: ECB

Post by stevegwmonkseaton on Thu Nov 07, 2013 6:30 pm

Thanks Ghiro... Yep the pound has been going up against the Euro for 3-4 days now, perhaps those finance people know these things in advance.... Very Happy Very Happy Very Happy  I thought (and still do in part), it was because the UK is reported to have the fastest growing economy in the Western world at the moment!!! Could it be the reason for this cut! Who knows... Just need to find some cash to convert to Euro's and decide when to go for it now! Mad Mad

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Re: ECB

Post by Vicino on Fri Nov 08, 2013 8:34 am

Is any of this likely to change 'our' world here ?  I suppose it may improve the chances of Brits buying over here which is good if people are struggling to sell but not much else ?

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Well yes a little...

Post by stevegwmonkseaton on Fri Nov 08, 2013 8:40 am

Vicino wrote:Is any of this likely to change 'our' world here ?  I suppose it may improve the chances of Brits buying over here which is good if people are struggling to sell but not much else ?V
Well yes a little or perhaps more if you are busy buying or doing work on a house here in Italy. For most of us it's a few more Euro when we exchange.... every little helps Very Happy Very Happy Very Happy

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Re: ECB

Post by La Dolcevita on Fri Nov 08, 2013 11:10 am

Just exchanged some sterling for our renovation at just under 1.9 - always a dilemma re do you hold out for longer - but then also run the risk of it falling back.  Bird in hand and all that!

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Re: ECB

Post by La Dolcevita on Fri Nov 08, 2013 11:11 am

And that should read 1.19 Razz

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Re: ECB

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