Pound/Euro 2019

[Jimbo]

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.

[AndrewK]

It's a two horse race in the euro stakes

You either wait and keep your fingers crossed our careerist self serving so-called politicians finally get their act together.

Or go in now and take the punt at around 1.13 as that will look decidedly rosey if we hit the no-deal skids.

[Karen]

That's a good rate Jimbo, I noticed on the Tesco board yesterday, it was about 1.11, they are obviously not the best rate, but I have noticed it creeping up slighty.  Hope you are both keeping well.

[Jimbo]

Dropped 1% overnight after the indecisive votes in parliament.

We're fine!

[maggiesaes]

Yes 1.13 we got here.
Keep watching though.

[Jimbo]

TravelFX is now 1.1260, so it's unstable!

[Tredegar Boy]

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.

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.

[maggiesaes]

I think it will go up and down by just a tad at least until they have a meaningful vote in Parliament.
I have bought some at the current rate,need more though so I’m not diving in with both feet yet

[Lesley]

It is certainly better than the ATM rates here which are still at 1.05.......

[Jimbo]

TravelFX is 1.1539 this morning. Down about 3/1000 of a euro!

[maggiesaes]

Yes just been checking.
We did have a few left from last year-about 250 which we had got at 1.15.

[Jimbo]

Well, the euro rate went up to a year's high while the forum was off-line, reaching cash at 1.1604 on TravelFX. Not surprisingly, it's dropped significantly over the last 48 hours, and now down to 1.1424 on TravelFX. There doesn't seem to be much chance of it improving amidst the current chaos, unless Zeus appears in the sky and chucks a few thunderbolts.

One problem for us of pushing back the Brexit date to the end of June is that it's then right into the holiday season.