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Pound-Euro 2016
Waspman:
Nobody knows, you pay your money and take your chance, simple as that.
Rover:
I suspect that as we approach the referendum the rate will drop. The finance world dislikes uncertainty.
Jimbo:
Yes - Waspman is right in general - but this year is different.
Waspman:
Just got back from Spain, I got 1.29 - 1.31 exchange rate using a no commission credit card, beats anything available in the UK. Even got 1.30 from an ATM.
Ask Jimbo, he knows.
Jimbo:
As predicted, the pound:euro rate is oscillating around the 1.26 level. I get a daily newsletter from currency traders IMX, and they're saying that the uncertainty prevailing until after the referendum will keep the pound at around this level. So it really does look as though this kind of mid one-point-two rate is what we're going to get, at least until late June.
What happens after June 23 is anybody's guess. Credit Swiss predict that a Stay vote would see the pound rise against the Euro to about 1.4, and Goldman Sachs predict that a Leave vote might see the pound drop by 16%-20%.
Interesting gamble?
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