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Pound/Euro 2019

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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!

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