Pound/Euro 2019

[geordieborn]

I would not like to bet on what will happen to the rate following next week’s result.  But the rate (used by some here) at John Lewis today is 1.1518. If someone said to me I know where you can get over 3% interest (nearer 4) I would think it a good return at the moment. Compared to maggiesaes rate of 1.11 today’s rate that’s what it is… So the question is, do I go for it now, half my bet or wait until the outcome of next week?

[Karen]

Yes I keep thinking about buying some now

[maggiesaes]

I would not like to bet on what will happen to the rate following next week’s result.  But the rate (used by some here) at John Lewis today is 1.1518. If someone said to me I know where you can get over 3% interest (nearer 4) I would think it a good return at the moment. Compared to maggiesaes rate of 1.11 today’s rate that’s what it is… So the question is, do I go for it now, half my bet or wait until the outcome of next week?

1.11 was a while ago,we got 1.155 last week in Travel Shop who always offer a slightly better rate between 12 and 2 Wednesdays for any amount.
We used JL last September and they are normally one of the best.

[swedebasher]

1.1627 at TravelFx right now.

[Lesley]

This morning showing 1.19 on spot rate.....

[geordieborn]

No doubt such is out there, but if not it should be. That being a simple guide of the top 5 currency establishments. Looking at swedebasher TravelFX (TfX)post I thought okay I’ve not looked at these for a while (last time we used an FX company MoneyCorp were best for us), so I had a look at TfX. The “little print” is this:-

• The minimum amount per currency is £100
• There is a £5 handing fee on all orders that total under £700.
• A £2 fee is applied to each additional currency order under £300
• Minimum order value is £300

For those only interested in GBP to Euro, then it reads “to get your Euro at no extra cost, then the minimum order is £700”.
Don’t get me wrong TfX rate is a lot better than JL, so well worth a look if you want at least £700 worth of Euro in cash – thanks swedebasher .
But wouldn’t it be nice to have it simple - what you would get for say £700:-
TfX = 818.58
JL =  815.85
AnOther = 808.16

[Jimbo]

I've used TravelFX for years because it has always been the best rate to take dosh away. But if we need a smaller top-up I usually use Tesco on click-and-collect. It's five minutes on a free bus to town and Tesco is next to the bus station!

[maggiesaes]

Yesterday Debenhams was 1.174

[geordieborn]

Too close to the blue or red day for me now to be buying

[Tredegar Boy]

The city of London obviously like the prospect of a Tory government......exchange rate touching 1.19 as of now.

[Jimbo]

That's right. Bookies are apparently calculating an 80% chance of a Tory majority. The financial markets reckon that, although Brexit will result in lower growth, the uncertainties of a hung parliament might be worse. No comment!

[geordieborn]

I think the currency markets have to be looked at separately to the rest of finance as they are a law unto themselves and often differ in outlook. I suspect this market will go up whoever wins! For some reason without doubt more so with a blues win. However I don’t think any increase will last long before they sink back to their normal uncertainty and likely downward trend.  All making it very difficult for us.

Now the bookies always seem to get it right!!

[Jimbo]

Your probably correct. Boris's "deal" isn't a deal - it's just what the status quo will be until a trade deal is negotiated, and all the other things that need agreeing, such as flight rules, health and so on. All that's another uncertainty.

[geordieborn]

15 mins after the exit poll - pound 1.20+

[Tredegar Boy]

Great news isn't it. Hopefully it will stablise in the mid 1.20s over the next couple of months before creeping up before the summer. It was around 1.25 in 2016 when the referendum was held.