Financial Channel

Hi all, I think I have the right forum here but if not please feel free to move to the apt forum.

I've been asked to relocate to the UK for the next six months by my employers and while they're getting the remuneration package offer ready I'm doing a little thinking as to whether to ask for my salary to be paid in Euro or Sterling.

Anyone have any predictions for the exchange rate difference over the next six months?

my outlook is bullish euro, bearish sterling.sterling has broken a long held range it had against euro, and the boe is FAR more likely to follow the interest rate policy of the us fed.heard an currency trader on bloomberg say he could see parity of euro sterling in not 2 distant future.while that may seem far fetched, remember the euro at one point only bought 70 us cent.all that said if u could accurately predict currency fluctuations u wudnt need a job 2 relocate to d uk with.

dont mean to be picky but the lowest i remember euro dollar was a lofty 86 cent

The UK economy is not in great shape (like ourselves). This means more UK interest rate cuts which means Sterling falls.

I'm betting on £0.83 to €1.00 by the end of the year

a bit optimistic for the euro to get to there, but heh, great for ikea shopping...doh, wont have any house to put the stuff in ...