Euro v Pound
Author
Discussion

andygo

Original Poster:

7,160 posts

271 months

Friday 7th May 2010
quotequote all
I know technically be in holidays or some other backwater of PH, but maybe I could getsome info...

I am away on hols in 3 weeks. Is it better to get my Euros now rather than wait given the latest election debacle?

LeoSayer

7,560 posts

260 months

Friday 7th May 2010
quotequote all
Get half now and half just before you go. Save yourself the risk of losing out either way.

bazking69

8,620 posts

206 months

Friday 7th May 2010
quotequote all
It's been on the way back down since midnight...

Adenauer

18,865 posts

252 months

Friday 7th May 2010
quotequote all
LeoSayer said:
Get half now and half just before you go. Save yourself the risk of losing out either way.
They'll charge you more though, even if you have the same vegetables!

KenBlocksPants

6,990 posts

200 months

Friday 7th May 2010
quotequote all
I've already asked in the NPE forum, but I am in the same position with dollars

What do ya think oh experts?


Stig

11,823 posts

300 months

Friday 7th May 2010
quotequote all
I'd wait on Euro, hopefully it will recover a bit over the next week or two (but late yesterday was probably your best bet).

The concensus seems to be that the pound will further weaken against the dollar.

KenBlocksPants

6,990 posts

200 months

Friday 7th May 2010
quotequote all
Off to buy mine this morning then


Adenauer

18,865 posts

252 months

Friday 7th May 2010
quotequote all
With the Hung Parialment now official, I'd be off to buy my Euro right now if I were you.

andygo

Original Poster:

7,160 posts

271 months

Friday 7th May 2010
quotequote all
just got £1000 worth from the Post Office.

No doubt someone will be along in a mo to tell me I should have got them from Matalan etc. smile

GTIR

24,741 posts

282 months

Friday 7th May 2010
quotequote all
Adenauer said:
LeoSayer said:
Get half now and half just before you go. Save yourself the risk of losing out either way.
They'll charge you more though, even if you have the same vegetables!
That's it keep up the references. hehe

Rocksteadyeddie

7,971 posts

243 months

Friday 7th May 2010
quotequote all
You missed it. 1.1850 first thing this morning. 1.1470 now...

theboymoon

2,699 posts

276 months

Friday 7th May 2010
quotequote all
Rocksteadyeddie said:
You missed it. 1.1850 first thing this morning. 1.1470 now...
balls

Does anyone know what the longer term thoughts are £/E with the election result?

Moon

bazking69

8,620 posts

206 months

Friday 7th May 2010
quotequote all
I made the right decision changing mine up a couple of days ago I reckon....

http://news.bbc.co.uk/news/business/market_data/cu...

Edited by bazking69 on Friday 7th May 11:46

havoc

31,941 posts

251 months

Friday 7th May 2010
quotequote all
theboymoon said:
Rocksteadyeddie said:
You missed it. 1.1850 first thing this morning. 1.1470 now...
balls

Does anyone know what the longer term thoughts are £/E with the election result?

Moon
No idea, but I'm wondering the same as you.

I'd expect it to depend on (a) how much of a balls-up our politicians can make of forming the next government; and (b) how quickly they cut spending and thus make UK plc more attractive than the Euro-zone. If Greece sorts itself out quicker than we can, then the £/€ rate is going nowhere. If we can get firm government and a handle on public spending quickly, then it'll go back up.

theboymoon

2,699 posts

276 months

Friday 7th May 2010
quotequote all
havoc said:
I'd expect it to depend on (a) how much of a balls-up our politicians can make of forming the next government; and (b) how quickly they cut spending and thus make UK plc more attractive than the Euro-zone. If Greece sorts itself out quicker than we can, then the £/€ rate is going nowhere. If we can get firm government and a handle on public spending quickly, then it'll go back up.
that make sense to me.

So what we need to do is trust our lot to get it together faster than their lot?




oh dear.

smifffymoto

5,120 posts

221 months

Friday 7th May 2010
quotequote all
I changed yesterday at 1.178,the highest it has been for along time.I have watched the rates for a couple of weeks and took the plunge,better the devil you know.

havoc

31,941 posts

251 months

Friday 7th May 2010
quotequote all
smifffymoto said:
I changed yesterday at 1.178,the highest it has been for along time.I have watched the rates for a couple of weeks and took the plunge,better the devil you know.
You probably did the right thing.

I need to chat to the wife later, and decide whether to hedge* ourselves today against this summer's holiday in case the rate gets worse, or just sit and hope now we've missed this peak...






* Oh god, just listen to me..."hedge against our holiday" - WTF?!? Please shoot me now...

smifffymoto

5,120 posts

221 months

Friday 7th May 2010
quotequote all
I know I did the right thing,being a French resident the exchange rate is important.All my cash is now in €'s, until my house sells then I think I may go to a specialist rather than HSBC

Red Cabbage

3,606 posts

248 months

Friday 7th May 2010
quotequote all
havoc said:
theboymoon said:
Rocksteadyeddie said:
You missed it. 1.1850 first thing this morning. 1.1470 now...
balls

Does anyone know what the longer term thoughts are £/E with the election result?

Moon
No idea, but I'm wondering the same as you.

I'd expect it to depend on (a) how much of a balls-up our politicians can make of forming the next government; and (b) how quickly they cut spending and thus make UK plc more attractive than the Euro-zone. If Greece sorts itself out quicker than we can, then the £/€ rate is going nowhere. If we can get firm government and a handle on public spending quickly, then it'll go back up.
Ask a friend in the know. wink