What is the pound likely to do against the Euro in the coming weeks?

I have to buy about 4,000 euros worth of equipment from Lithuania. The slump of the pound has cost me a few hundred quid in the last couple of weeks, so I'm not a happy bunny. Does anyone know what is most likely - the pound continuing to plummet, in which case I should pay for the stuff as soon as possible, or the pound regaining some value, in which case I should hang on to my cash as long as possible?

Asked By: - 12/22/2008
Best Answer - Chosen by Asker
Many people would like to know this answer, including quite a few international speculators who have the power to force the result and then feed from it... More
Answered By: Elmbeard - 12/22/2008
Additional Answers (5)
Kick it's ass hopefully
Answered By: Firthy - 12/22/2008
In my very humble opinion. I think it will continue to slide into January and possible dip below the pound for a short period. I think it will then begin to rally and end 2009 at about 1.25. My advice is hang on if you can.
Answered By: Cool Hal - 12/22/2008
Forget Lithuania I will sell it you for 3000 send me the cheque now and I will get it to ya before xmas eve.err make that cash.used notes.
Answered By: Wayn Ker - 12/22/2008
It appears you are not trading foreign currency on regular basis.Exchange rates are of prime concern in forex trading... More
Answered By: steven c - 12/22/2008
hhhhaa sucker
Answered By: Adan K - 12/22/2008
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