Author Topic: Pound-Euro 2016  (Read 178351 times)

Kernowfox

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Re: Pound-Euro 2016
« Reply #150 on: January 12, 2017, 12:14:20 AM »
Well it looks likely that  Thomson's decision to reduce accommodation options may have something to do with a lower demand outlook.
In most resorts a longstanding offering has disappeared.
In San Stef I am told this is The Athina.


Offline Jimbo

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Re: Pound-Euro 2016
« Reply #151 on: January 12, 2017, 01:19:47 AM »
I think they made that decision a while ago. But it's obvious from Thomson's current prices, as you say, that TUI are building a poor sterling value into their portfolio. And Athina will have a German input this year. That may be the future for the village. 

Kernowfox

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Re: Pound-Euro 2016
« Reply #152 on: January 12, 2017, 01:39:22 AM »
I think we may not be many months away from the Euro losing value against all currencies. As globalisation continues to fail the European Union will be perceived to be broken beyond repair with Banco Germany having to keep all confidence balls in the air. So I will leave purchase of Euros till the very last minute.....
(That's not to say I welcome any of this ....I see Brexit as a precursor to serious unrest in Europe)

Offline benson

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Re: Pound-Euro 2016
« Reply #153 on: January 12, 2017, 12:22:19 PM »
I was told last year that it was Athena's decision to leave Thomson (Tui), Thomson didn't drop Athena.

Offline Richard/Jackie/Nathan

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Re: Pound-Euro 2016
« Reply #154 on: January 12, 2017, 07:45:59 PM »
That's what I was told last September too. They think it will be more profitable going all inclusive with a mainly eastern European client base apparently.



Offline Jimbo

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Re: Pound-Euro 2016
« Reply #155 on: January 13, 2017, 01:17:51 AM »
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.

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #156 on: January 16, 2017, 02:37:46 AM »
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.

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #157 on: January 16, 2017, 04:17:59 PM »
Crept up a little! TravelFX 1.1239

Offline Richard/Jackie/Nathan

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Re: Pound-Euro 2016
« Reply #158 on: January 18, 2017, 12:22:48 PM »
1.137 today - surprising in light of the hard Brexit speech???



Offline Jimbo

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Re: Pound-Euro 2016
« Reply #159 on: January 19, 2017, 03:14:52 PM »
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.

Offline gillie

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Re: Pound-Euro 2016
« Reply #160 on: January 21, 2017, 04:07:40 PM »
Do you mean 1.12 or 1.2?  :) :)

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #161 on: January 21, 2017, 04:34:44 PM »
Thanks, darling. TravelFX 1.1410

Supreme Court ruling on Tuesday will be interesting!

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #162 on: January 26, 2017, 12:54:00 AM »
The pound went up significantly. Best we've had for a while - TravelFX 1.1597

Offline Mythosman

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Re: Pound-Euro 2016
« Reply #163 on: January 26, 2017, 05:14:00 AM »
Think I would make the most of it while Trump continues to destroy the dollar....just my opinion of course...

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #164 on: January 27, 2017, 01:01:40 AM »
TravelFX now 1.1631

Up and down like a yo-yo. Will Theresa wear her leather trousers and send Trump into a frenzy of lust? We await developments...

 

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