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Pound-Euro 2016

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Dupnica:
Hi Linnetman,was that for a package or flights only?

rilo57:
We are just back from visiting family in uk and cost us €1.12 to the £....was last may since we where over and have noticed a rise in prices of various items.but also noticed more British products available...or are we just dreaming?

Jimbo:
It's wobbling around all the time as the money traders try to make sense of the implications of Trump + Brexit.

Currently the Interbank rate is just over 1.155 and TravelFX selling at 1.1450

I really don't know if there are more British goods in the shops. We tend to buy local vegetables, meat, and so on anyway. Our local butchers can tell you which farm the meat came from! But I think (and I may be wrong) that we will have to see an increase in UK goods if and when we leave the EU because imports from the continent will be inevitably much more expensive. The cost of computer components is already rising steeply (up to 20%). At the moment we are still in the EU and therefore in a tariff-free zone. This will change unless a miraculous and improbable deal can be done with the EU. I expect the cost of wine and other stuff we can't adequately produce locally to rise, along with fuel. Today I looked at Thomson's prices for next year, and they are not a pretty sight.

Linnetman:
Hello Dupnica,
It's for package staying at Romanza. Booked with Thomson.

Jimbo:
For some reason Romanza prices seem to have gone down! Maybe it's the hill.

Anyway -the pound has dropped again. Here's what IMSFX traders say today:

"The Pound was the best performer last week following the US Election results but has since tumbled cementing its status as one of the worst performers in 2016.

Sterling tumbled, paring three days of gains after the Republican candidate became the US president-elect. Sterling was the surprise winner from Trump’s victory as concern that political tension is on the increase outside Britain relieved the pressure caused by the June vote to quit the European Union.

For the UK today it is a very light day in terms of Economic data. Teresa May will speak at the Lord Mayor’s banquet this evening."

TravelFX is 1.1453

My guess is that planning a DIY holiday this is about the rate we can expect next year.

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