Sterling vs Euro

[richarda0109]

I have a £10K purchase to make in cash in Euros at the beginning of December. I have been watching the rate over the last 2 months and was wondering if now was a good time to buy.

Rgds
Richard

[Richieboy3008]

You could always forward purchase the Euros. Agree a price now that it'll be paid at in Dec. Should the rate go against you over the next few months it won't matter as you've already agreed the price.

[lockhart flawse]

Yes. That's the best plan if today's rate is acceptable. You only lose the difference in the interest rate between the Euro and Sterling. I have been dealing with currencies every working day for the last 30 years and have not got a clue what the exchange rate will be in December and nor has anyone else.