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Pound-Euro 2016

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Tredegar Boy:
The exchange rate is back to where it was on 5th Feb. Ebbs and flows. A lot depends on what happens in France in May. If it goes the wrong way for the establishement the euro will crash and the pound surge. Keep an eye on Holland where the government are making moves to mitigate against Geert Wilders.

Jimbo:
Meanwhile - the pound is sinking against all currencies. TravelFX now 1.1380

I think the motto is "Hang on and hope"

Jimbo:
As the shambles of Brexit unfolds, it just gets worse. TravelFX now at 1.1248.

My prediction of 1.15 as a median is now looking optimistic.

Jimbo:
It's dire. As Wendy has just pointed out on Facebook, Thomas Cook now 1.1154

Tredegar Boy:
TravelFX now 1.1452

This thing will go up and down like a yo yo for the foreseeable I reckon. Its just a question of when you buy the euros. Its ranged between 1.1975 and 1.1069 since Christmas with regular spikes in between. Obviously I prefer the former but I've bought at worse and better over the last 5 years.

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