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Pound-Euro 2016
Jimbo:
Duh! Forum behaving badly. Will try tomorrow.
Jimbo:
The pound went up a bit against the euro and then went down. The interbank rate briefly peaked at over 1.19 and then dropped today to 1.183.
Euro cash is around the 1.1665 level as I write. This seems to me to be the level we can expect in the foreseeable future. So be it.
Jimbo:
Despite prophecies of a massive surge in the pound, the post-referendum doldrums continue. The Interbank rate is currently 1.646, and TravelFX is selling at 1.1492
The perils of buying cash at the airport were clear when we flew out: TravelX at Leeds/Bradford was selling at 1.05 - which is pretty close to parity!
Jimbo:
Let's face it - the rates are dire. Following the PM's Brexit date announcement the pound went into what IMX currency traders described as "a further plunge into the abyss." The Euro is also getting stronger. So tonight TravelFX is offering 1.1183 and TravelX 1.1062
Obviously, most people will be looking ahead to next year. At the moment it looks like Tasty Corner will be doing well!
With a thirty-year low against the dollar we are bound to see fuel and other costs rise in the UK.
Andy7:
It's desperate Jimbo, managed to get my Lanzarote holiday money at 1.13 on Monday before the pound went into free fall.
Hope something turns up before next spring otherwise I will be joining the que at Tasty Corner!
For those of us who like our foreign holidays Brexit is a disaster.
Oh well, I hear Skegness has a good beach.
Andy
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