Pound/Euro 2019

[Richard/Jackie/Nathan]

We're off to Porto this weekend and I ordered mine on Monday and got 1.1526 from Sterling FX - today I would only have got 1.13 from them so its certainly volatile.

[Lesley]

Yep certainly up & down the ATM was back down to 1.06 today over here in Sidari.......opted as always for no conversion rate

[Tredegar Boy]

Just got 1.1620 on TravelFX. £s at 1.1743 as at 5.20pm today - the 3rd highest its been since before Sept last year.

[maggiesaes]

We got 1.16 on Wednesday -no com.
We should have enough now.

[Tredegar Boy]

Looking at it now I think I caught a break

[maggiesaes]

Not easy is it at the moment

[swedebasher]

I keep the TravelFX website on my phone so I can 'babysit' it and dive in when the rate is better. You have to do that because they offer a 'live' rate that constantly changes, unlike many others who only change once at 1000. Given the behaviour at Parliament recently, the rate is not too bad. Not that long ago I was hard pressed to get 1.08.

[Jimbo]

Yes - it's fluctuating but kind of orbiting around 1.14/1.15. I guess that means that the currency traders are not betting on anything at the moment. Oh for the days when 1.3 was the norm!

[Jimbo]

It's grit-your-teeth time. IMX (currency traders who own TravelFX) say this morning that (a) if we crash out of the EU on Friday with no deal the pound will take a steep dive (b) if there's a deal or a long extension the pound will rise significantly (c) if Article 50 is revoked the pound will surge.

My personal view (usual caveats) is that the next 48 hours are critical. Crashing out with no deal would be disastrous, and nobody in power wants that. What happens in Lab/Con talks will probably decide it.

[AndrewK]

It's all a bit of a gamble at the moment in the pound/euro stakes as no one seems to know which way things are going.

However as of 10pm this morning John Lewis compared more than favourably with TravelFX which is normally the best

John Lewis 1.1482

TravelFX  1.1441

You pays your money - you takes your choice!

[maggiesaes]

Yes it's up and down and difficult to judge.
We chanced most of ours on a rate of 1.158 but if it should go up we will get some more.
Only four weeks to go!!!

[Jimbo]

TravelFX is currently 1.1454.
It's not likely to change much while the MPs are having a break to recover. I reckon that only a miracle will change it much out of the 1.14/1.15 range, and miracles seem to be in short supply at the moment. In the grand scheme of things, really the difference between 1.14.and 1.15 is one cent - and on a £1,000 purchase that's ten euros, or two cocktails or a sunbed for day and a bit.

The sun and sea remain free!

[Lesley]

Travel office in resort of Sidari, yesterday, which was open as there are guests in resort there was 1.13...........

[Jimbo]

That's not bad, as local rates go!

[Jimbo]

The pound has dropped to a two-month low - TravelFX at 1.1410. That's because of continuing Brexit uncertainty. Oh for the days of cheap euros!