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Pound/Euro 2019

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Jimbo:
TravelFX is now 1.1260, so it's unstable!

Tredegar Boy:

--- Quote from: Jimbo on January 29, 2019, 03:48:16 PM ---Might be worth noting here any good or bad news when it comes to holiday dosh...

I tend to quote TravelFX for cash, because it's almost always the best rate.

Today the rate is quite good by the poor contemporary standards at 1.1403
IMX puts this down to lower growth in the Eurozone and the possibility of Brexit being postponed or cancelled. As nobody has a clue about what's going to happen it's all a shot in the dark.

--- End quote ---

Got 1.1491 last week with Travel FX so took a punt and bought a few.

Jimbo:
Very wise!

maggiesaes:
Yes it's back down again now.You just have to be ready for it and keep checking.

Jimbo:
The pound has hit a 6 month high against the dollar and euro. The Interbank rate is currently 1.17 and TravelFX cash rate is 1.157

Financial commentators (not me, before you shoot me yet again) say that this is because the chances of a no-deal Brexit are shrinking rapidly. It looks increasingly likely that the UK's exit from the EU will be delayed for a couple of months or possibly longer.

This gives us a bit of a problem if we decide to buy now. A suspension could well see the rate go higher still. But if more confusion in Parliament arises, it could drop. If there's another referendum, Brexit might be cancelled completely. So it's a 737 full of "ifs," and none of us has the faintest idea what's going to happen.

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