Reply With QuoteDepends who wins...
What does anyone reckon?
I have a couple of trips in the next month or so
Better to wait till after the election?
Depends who wins...
I read a couple of articles and of course it is all speculation but they said Conservative majority £1 = €1.20, Labour majority £1 = <€1.10. Make of that what you will!
Sterling has strengthened quite a bit in the last couple of months
Anyone on a watch forum who claims that they can predict currency movements is a total liar. If they could, they wouldn't be talking about watches, they would be sitting in an office making millions.
They wouldn't even physically buy a watch, they would send the intern out to do it for them.
I bought some today for a trip later this week.
£1 = €1.154
Originally Posted by Mick P
Well this isn't a prediction per se; just what I expect. And I expect that the £ will be worth more against the € on Dec 13th than it is now. As of this moment:
I’ll consult my crystal ball when I get home and get back to you.
Do you use a Transferwise multi-currency card David - if not, check it out on the web, it is very useful
Blue=up. Red=Down.
Started out with nothing. Still have most of it left.
For anyone who’s going to need some in the next 12 months I think it’s worth hedging your bets and buying a few at the current price, 1.15 is far better than the rate several weeks ago. Far better to buy some now than try to predict which way it’ll go. Next year’s going to be busy for me (house move etc) so I’ve no holiday plans, but I’m still tempted to buy a few Euros, I’m sure I’ll get away to Spain or Canaries at some point.
Hopefully, when brexit’s resolved, we’ll see some stability and the exchange rate will move in the right direction, doesn’t seen long since I was buying ‘em at 1.35!
Looking to book a break away for early in 2020 so I’ve been watching the rates, I think if we get a good rate before Friday or maybe Monday I have a few quids worth, probably half my usual spend, just in case, think it will be a case of an each way bet.
Thanks for all the thoughts
I was coming to Paul’s conclusion but know there are some here with a much better “guess” than me to answer Bills question, yes we use revolute but have had a few “misfires” and one particular hotel I use wants cash in order to do a good room rate.
I think the standard answer is: half before, and half after. Win - Win.
Ironically, I was just thinking about this today as I've got a few trips late Dec-Jan to the Eurozone.
Think I will get some cash this week and as I use my credit card (with on the spot rates) for larger amounts during the trips themselves, it essentially acts as a half pre and half post election hedge! If rates go up a lot, could just use the card more and keep the cash for other trips as you usually need some cash and I'll probably be in Europe later in the year.
Not sure it is that simple - prospect of cons win is considered to be supporting the UKP and Red would likely be down - doesn't blue imply Brexit & Brexit has consistently meant down ? Blue/Blue could mean a hard Brexit and definietly down.
For a holiday I would buy now.
As a business we are hedging our Sterling AR weekly/daily up to the 12th.
We'll have to wait and see then.
Started out with nothing. Still have most of it left.
Think I’m going to be glad I waited....
Wait another few days, predictions are further rises in the short term.
“Sterling soared higher by over 2% as nervous traders who had been selling sterling during the day, just in case it was another hung parliament, began buying it with gusto. I suspect there was as much relief, as there was excitement at the size of the majority that was so unexpected. Sterling is now set to challenge some fairly significant levels against both the euro and the US dollar. If sterling breaks above these levels, it could very well drive some big moves higher towards 1.25 and 1.40, at least in the short term,” says Andy Scott, Associate Director at JCRA.
Blob on.
Sometimes things are that simple. ;-)
Blob on.
Started out with nothing. Still have most of it left.
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