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Pound-Euro 2016

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Tredegar Boy:
1.13!!!!! S@#t

 :'(

Jimbo:
Standard and Poors, the major rating agency, is predicting that the UK will probably lose its AAA credit status in the event of a Brexit. That's not likely to inspire international finance to buy sterling. I think we're stuck with this until June 23/24. When I say "probably" we have to remember that S&P actually set the rating, so it's pretty much a statement of intent.

Another side-effect is the sudden extreme rise in Thomson prices over about 48 hours. On Thursday, two weeks at Barras from September 23rd was £409 from Leeds-Bradford. It went up on Friday and is now (Saturday evening) £593. That's an increase of £184. LBA is about the cheapest in the North at the moment. Barras from Doncaster is now £597. Little Prince is £823. This is end of season prices above previous high season prices.

I've seen a price change like this before. Maybe it's the popularity of "The Durrells," maybe it's because a lot of people who might normally to the Aegean are choosing the Ionian islands because they're as far as you can get from Turkey, and perhaps it's because TUI is a German company and ultimately income from Thomson (UK) has to be translated into Euros. Who knows?

rilo57:
Think its just greed..travel companys here are still offering big discounts on holidays includind TUI..And the bombing dosentseem to have affected travelers...

tonyco1:
I agree with Rilo57 - pure greed - - that may stifle sales to the village via Thomson, but loads of other options, and Thomson may have to offer deals at the last minute to save their sales figures, so eyes peeled.
Back to the thread now.
We are going on holiday the week before the voting, so seeing the uncertainty in the rates, we decided to take a gamble and buy the rest of our Euro's now, which listening to all of your predictions seemed wise.
I bought a lot of Euros when it was at a high last year, on Thursday 26 November 2015, when 1 GBP = 1.4242 EUR, (I got just under that actually @ €1.4198).
so I have a load left as I bought for 2 holidays worth, spent a fair amount in Tenerife in March, and have just under half left, so topped up today as it seems prudent to do so right now.
I got a great deal at today's prices, (not as good as a couple of weeks back unfortunately), with moneycorp, inc. free tracked delivery, of 1.2264, so if I split the difference between the whole pot it's still quite good.

Jimbo:
TravelFX is offering 1.225 tonight. Like you, we have nearly enough from last year. Most financial commentators are saying that in the event of a Stay vote the pound will rise, and in the event of a Leave vote will drop even more. So it's the same old gamble, really.

Of course it's greed. That's how Capitalism works. Very little of the money will go to the local economy. It'll all go back to normal in a few weeks. Meanwhile I amuse myself by imaging the faces of some of those who booked to go to a charming island where the locals ride donkeys when they arrive in Kavos!

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