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Pound-Euro 2016
Jimbo:
Kernowfox - You may be right. But the euro is strengthening as the economy shows signs of improvement. Much depends upon the French elections. The fact is that everybody is fed up with austerity and seemingly would rather have chaos.
Nobody has an inkling of what's going to happen over the next few years. It's a shambolic mess. What's currently certain is the prices are going to go up a lot. Some computer components I needed are 25% more expensive than they were a year ago.
As far as Athina goes - Thomson have been ripping-off owners in the village for years, so it's no major surprise that Athina have looked elsewhere. I suspect that the Eastern Europeans are not so demanding in terms of standards, so that's good for profitability. But All Inclusive is, I think, bad for the village, particularly the tavernas. I heard on the radio this morning that there is a massive trend towards AI in the tourist industry. Personally, when the bus pulls in to those enclaves on the outskirts of Corfu Town, I feel a deep sense of depression - they're like an open prison.
Jimbo:
Be sure that when there's good news I'll report it. It may be from beyond the grave...
TravelFX (which, remember, usually has the best rates) is offering euros at 1.1188
No - I'm not going to comment.
Jimbo:
Crept up a little! TravelFX 1.1239
Richard/Jackie/Nathan:
1.137 today - surprising in light of the hard Brexit speech???
Jimbo:
I tried to reply yesterday but the forum wouldn't let me!
TravelFX is now at 1.1409 - The pound has strengthened partly because the markets have some idea of Brexit strategy, and the euro and dollar have weakened because Trump slagged-off the Chinese and the EU production figures were down. Who knows whether the rate will improve, but it doesn't seem likely it's going to get up to much above 1.12. I'm going to wait and see what happens after Article 50.
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