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Pound-Euro 2016

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Waspman:
Got 1.186 on my Clarity card last week Jimbo

Jimbo:
That was last week. Interbank rate is 1.1544 at the moment.

Jimbo:
The pound has been sinking rapidly - the Interbank rate is now 1.1449 and TravelFX rate is 1.1295.

Commentators say that this is because the Tory lead in the election polls has been slashed down to 5% over Labour. That would mean the Tory overall majority would drop from 17 to 2. One major cause is old people worried about their inheritance, caused by the own-goal in the Tory manifesto.

This is obviously not a very good time to buy euros! International finance clearly has more faith in the polls than most of us. (Ironically, Mrs May's popularity has risen from -7 earlier this week to +1, whilst Mr Corbyn's has dropped from -11 to -16).  Unless desperate it might be a good idea to wait until after June 8th before buying cash.

Oh- and there's a rail strike in Greece on Tuesday. Fortunately, for British visitors at least, most flights to Corfu arrive on Friday or Monday, and the fact that there will be no 11:27 from Kerkyra to Avliotes will cause no problems.

Tredegar Boy:
Wait til 9th June is sound advice unless Corbyn wins then the rate will fall to around 1.07/1.08 according to the experts.

It will be like the book A very British Coup.

Tredegar Boy:
A rail strike will have a miniumum affect as the Greeks, as a proportion of the population use the railways the least in Europe.

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