Author Topic: Pound-Euro 2016  (Read 40448 times)

Online Jimbo

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Re: Pound-Euro 2016
« Reply #225 on: August 24, 2017, 03:15:08 PM »
It has a lot to do with Brexit. IMX reports that uncertainty about the negotiations is deterring the money markets from buying sterling.

See the FT: https://www.ft.com/content/f579e648-87e1-11e7-8bb1-5ba57d47eff7

Quote

   Hans Redeker, global head of forex strategy at Morgan Stanley, forecasts euro-sterling parity by the end of this year, with a further rise to £1.02 per euro in the first quarter of next year.

He blamed much of the sterling depreciation on the uncertainty around Brexit, saying the economic environment “looks increasingly fragile” as “investment spending is softening and export strength is underperforming”.
« Last Edit: August 24, 2017, 03:20:27 PM by Jimbo »



Offline Dupnica

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Re: Pound-Euro 2016
« Reply #226 on: August 27, 2017, 01:48:49 PM »
 Before we went on holiday in June we were full of good intentions that we would save a few euros by having some lunches on the terrace of our apartment,needless to say this didn't happen,and I don't expect it will happen again when we go in September. It costs nearly as much to buy food at the supermarket as it does to eat out so what's the point,well that's what I tell myself anyway,and if you spend the rest of the year planning and preparing meals who wants to do it on holiday?

Online Jimbo

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Re: Pound-Euro 2016
« Reply #227 on: August 31, 2017, 03:31:23 PM »
Greek baked beans are very nice and cheap! In July, staying in a beautiful apartment up on the hillside at Tsaros, we couldn't be bothered to go all the way down to the village and face the climb back, or up to Akrotiri on two evenings. Large bottle of vino for about 3 euros last a good few days. One night, beans on toast - another scrambled eggs. Great sunset views and a blissful release from deciding where and what to eat. Short walk then down the hill to the Tsaros pool bar for a couple of drinks and a few laughs.

Meanwhile, the BBC this morning indicates the dire straits the pound is in, with appalling, below-parity, rates at many airports:
http://www.bbc.co.uk/news/business-41097401



Offline Tredegar Boy

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Re: Pound-Euro 2016
« Reply #228 on: August 31, 2017, 08:56:35 PM »
It's a crock of do-do. I blame life. ::)
When God created Wales he was just showing off

Offline rilo57

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Re: Pound-Euro 2016
« Reply #229 on: August 31, 2017, 10:14:31 PM »
Nothing wrong with that jimbo,sometimes the simple things in life are the best..

Online Jimbo

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Re: Pound-Euro 2016
« Reply #230 on: September 13, 2017, 12:12:30 AM »
The pound went up about 1 cent against the euro. Fantastic news. If I buy £3,000's worth I get a "free" Mythos!



Offline thejoneses

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Re: Pound-Euro 2016
« Reply #231 on: September 15, 2017, 10:41:25 AM »
if mythos has gone up to 30 euros i think ill try vietnam next year !!

Online Jimbo

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Re: Pound-Euro 2016
« Reply #232 on: September 15, 2017, 11:33:12 AM »
Whoops - slight decimal problem!

Pound went up a bit after hints from the BoE that interest rates may rises. TravelFX 1.1103



Offline Tredegar Boy

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Re: Pound-Euro 2016
« Reply #233 on: September 26, 2017, 02:59:06 PM »
1.1396 as at 11.57am today. That's the highest its been since 1st July. The markets are building in an interest rate rise as CPI is now 2.9% 0.1% higher than economists predicted (do they ever get it right?!?!?).
When God created Wales he was just showing off

Online Jimbo

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Re: Pound-Euro 2016
« Reply #234 on: September 26, 2017, 03:03:11 PM »
Quite right. Wish we could make use of it, but had to cancel our departure this Friday. Boo!



Offline Karen

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Re: Pound-Euro 2016
« Reply #235 on: September 26, 2017, 03:27:12 PM »
Quite right. Wish we could make use of it, but had to cancel our departure this Friday. Boo!
Hope you're both okay. Karen xx

Online Jimbo

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Re: Pound-Euro 2016
« Reply #236 on: September 26, 2017, 05:14:24 PM »
I had a stroke. Fortunately got to A&E in time, and been out of hospital for a week today. But not allowed to fly for a month, alas.



Offline Tredegar Boy

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Re: Pound-Euro 2016
« Reply #237 on: September 26, 2017, 05:37:31 PM »
Good grief Jimbo. Best wishes in your recovery.

When God created Wales he was just showing off

Offline Dupnica

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Re: Pound-Euro 2016
« Reply #238 on: September 26, 2017, 06:33:15 PM »
What bad luck Jim you must be very disappointed to miss your holiday. I hope you get better very soon.

Offline Rod

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Re: Pound-Euro 2016
« Reply #239 on: September 26, 2017, 07:45:25 PM »
I had a stroke. Fortunately got to A&E in time, and been out of hospital for a week today. But not allowed to fly for a month, alas.

Get well soon Jimbo.  San Stef needs you!


 

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