Views on Sterling/Euro Exchange Rate?

Keep doing whatever made it " sizable" in the first place.
I presume that was not speculating in currencies,
So why change a winning formula ?

dont give it to melly.

I don't have many liabilities in any currency so no need to match them by holding onto that particular currency.

So many imponderables...

Is the political will still there to hold the Euro together?  Less so you would imagine with the recent Socialist electoral successes.  Can they risk the huge downsides of the Greek exit?  And who ultimately decides if the Greeks stay or go?

Sterling's strength largely down to Euro weakness.  How does a Greek exit and the follow on issues affect Sterling?  Is the safe haven the Dollar or elsewhere?

like you say, a lot of unknowns. depends on your risk profile and what you want to do with the money. you'd want some sort of yield on the money, apart from currency speculation.

Risk profile where this money is concerned is conservative.

there's always term deposit rates for around 5 percent, risk is relative though.

Have more or less convinced myself at this stage to remove a large chunk from Euro denomination.

My next query is; which is the safer haven, dollar or sterling?

being conservative you could alway split it

yeah, that's what I am coming round to, thanks

Don't forget the swissy also.
Maybe a bit of aussie dollar if you want to up the yield a bit and want some ( indirect) China exposure .
Best of luck if you start going down this route of trying to second guess the currency markets.
Personally if  are not heavily into the financial markets on a day to day basis, I would just stick your surplus funds in a local bank interest bearing deposit account, wherever you live, earn and spend, and get on with doing whatever you are really good at.

dont buy the aussie dollar!

the economy here is cactus.

resources are on the nose and if china has a hard landing LOOK OUT BEEEELLLLOOOWWWW!

Mrben 18 May 12 14:07 
dont buy the aussie dollar!


Oh really???

When did you clue in???

When you posted it was "poised" to go to 1.10, or when you read my post at the same time in FEBRUARY, close to 1,000 bps ago, that it was the short of the year???

What a clown....

for the last time you dumbell- the are called PIPS not bps

you are an a class moron.

hey **** - haul up my 700 pip winning trade on the AUD from last year and post that one.

What's a fecking PIP????

Seriously, is it an Australian bubble gum????

What a clown

I would just stick your surplus funds in a local bank interest bearing deposit account, wherever you live, earn and spend,

Even if I was Greek?  Which I'm not, thankfully.  But I am Irish, and if Greek did exit, who knows what is next.

I do take your point about not trying to second guess currency markets though. However, I am finding the worst case scenario surrounding the euro quite frightening.

get into the USD, if all implodes it will skyrocket

Don't forget the swissy also.

Isn't the franc pegged to the euro?

Not irrevocably flea to my knowledge.
The SCB has stated it will intervene to prevent it appreciating above 1.20 Euros, but the op is talking about a complete meltdown of the Euro I think. Exceptional circumstances in which the Swissy would be a good hold ?
He might consider the Norwegian crown as a good investment too ?

People debating what worthless fiat paper backed by nothing other than blind faith and thin air to keep their "savings" in to manage risk.

And then they say gold is a bubble....

Oh the humanity.......