Author Topic: Pound-Euro 2016  (Read 160315 times)

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #195 on: April 25, 2017, 01:10:03 AM »
It's all very complex - but it's very unlikely that Le Pen will win. I'd anticipate changes in the EU over the next few years to solidify the economy.

Pound down this evening to 1.1601

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #196 on: May 05, 2017, 03:41:01 PM »
Same old, same old. TravelFX (awarded best source for euros by the Telegraph this week) at 1.1640

This looks about the current going rate. Elections have not shifted it. So a 3 euro beer costs £2.57. Looking forward to them!

Offline Waspman

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Re: Pound-Euro 2016
« Reply #197 on: May 09, 2017, 07:22:24 PM »
Got a good rate of 1.175 today

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #198 on: May 09, 2017, 09:04:14 PM »
Yes - It was in the 1.16 range and then popped up slightly! It's all very volatile at the moment with elections etc.

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #199 on: May 23, 2017, 03:23:47 PM »
The pound against the dollar is very strong. But the eurozone has strengthened as a result of very good German export and production figures.

In the UK the pound has weakened as a result of the Manchester atrocity and election uncertainty. TravelFX is at 1.1378

Not a good time to buy travel money, alas.

Offline Waspman

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Re: Pound-Euro 2016
« Reply #200 on: May 23, 2017, 03:53:33 PM »
Got 1.186 on my Clarity card last week Jimbo

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #201 on: May 23, 2017, 04:48:16 PM »
That was last week. Interbank rate is 1.1544 at the moment.

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #202 on: May 27, 2017, 07:47:25 PM »
The pound has been sinking rapidly - the Interbank rate is now 1.1449 and TravelFX rate is 1.1295.

Commentators say that this is because the Tory lead in the election polls has been slashed down to 5% over Labour. That would mean the Tory overall majority would drop from 17 to 2. One major cause is old people worried about their inheritance, caused by the own-goal in the Tory manifesto.

This is obviously not a very good time to buy euros! International finance clearly has more faith in the polls than most of us. (Ironically, Mrs May's popularity has risen from -7 earlier this week to +1, whilst Mr Corbyn's has dropped from -11 to -16).  Unless desperate it might be a good idea to wait until after June 8th before buying cash.

Oh- and there's a rail strike in Greece on Tuesday. Fortunately, for British visitors at least, most flights to Corfu arrive on Friday or Monday, and the fact that there will be no 11:27 from Kerkyra to Avliotes will cause no problems.

Offline Tredegar Boy

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Re: Pound-Euro 2016
« Reply #203 on: May 29, 2017, 12:02:56 PM »
Wait til 9th June is sound advice unless Corbyn wins then the rate will fall to around 1.07/1.08 according to the experts.

It will be like the book A very British Coup.
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Offline Tredegar Boy

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Re: Pound-Euro 2016
« Reply #204 on: May 30, 2017, 12:39:00 AM »
A rail strike will have a miniumum affect as the Greeks, as a proportion of the population use the railways the least in Europe.
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Offline Jimbo

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Re: Pound-Euro 2016
« Reply #205 on: May 30, 2017, 12:57:17 AM »
I suspect that's because they don't have many!

Offline Jimbo

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Re: Pound-Euro 2016
« Reply #206 on: June 01, 2017, 02:08:33 PM »
Pound to euro rate is hovering around 1.13 on TravelFX. Not good. YouGov poll has the Tory lead down to 3%

But it's also true that Agios Stefanos is the best value for money of any place in Greece that I know.

Offline Tredegar Boy

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Re: Pound-Euro 2016
« Reply #207 on: June 01, 2017, 08:34:01 PM »
The Yougov poll has a margin of error which could see Labour gain 29 seats or the Tories have a majority of 50. Pointless.
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Offline Jimbo

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Re: Pound-Euro 2016
« Reply #208 on: June 02, 2017, 01:45:17 AM »
But the bookies are taking it seriously.  Corbyn's odds have shortened from 14/1 to 4/1, and all the polls are showing that the gap is closing.

Offline Tredegar Boy

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Re: Pound-Euro 2016
« Reply #209 on: June 02, 2017, 04:27:54 PM »
The latest Kantar, ICM and ComRes don't. They have a tory lead of 10%, 12% and 14% respectively. And as for the bookies in the last 2 years they've have got some elections spectacularly wrong - 2015 general election odds on hung parliament, 2016 Brexit vote odds on too remain, Trump in America odds on to lose and we know how they all turned out.      ???
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