Euro v Pound

[andygo]

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]

Get half now and half just before you go. Save yourself the risk of losing out either way.

[bazking69]

It's been on the way back down since midnight...

[Adenauer]

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]

I've already asked in the NPE forum, but I am in the same position with dollars

What do ya think oh experts?

[Stig]

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]

Off to buy mine this morning then

[Adenauer]

With the Hung Parialment now official, I'd be off to buy my Euro right now if I were you.

[andygo]

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.

[GTIR]

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.

[Rocksteadyeddie]

You missed it. 1.1850 first thing this morning. 1.1470 now...

[theboymoon]

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]

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]

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]

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]

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]

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]

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]

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.