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  • FIRST POST
    • MSE Steve
    • By MSE Steve 11th Jun 17, 9:54 AM
    • 59Posts
    • 22Thanks
    MSE Steve
    0 WOW
    MSE News: Pound falls after election result - should you buy euros or dollars now?
    • #1
    • 11th Jun 17, 9:54 AM
    0 WOW
    MSE News: Pound falls after election result - should you buy euros or dollars now? 11th Jun 17 at 9:54 AM
    The pound has dropped following yesterday's general election, as a hung Parliament causes uncertainty on the currency markets.......
    Read the full story:
    'Pound falls after election result - should you buy euros or dollars now?'

    Click reply below to discuss. If you haven’t already, join the forum to reply.
Page 1
    • gettingtheresometime
    • By gettingtheresometime 11th Jun 17, 10:58 AM
    • 2,361 Posts
    • 5,107 Thanks
    gettingtheresometime
    • #2
    • 11th Jun 17, 10:58 AM
    • #2
    • 11th Jun 17, 10:58 AM
    We're going away in December & have decided to put money away each month onto the Revolut card, exchanging it into US$.

    We've done this for the past 2 months where the rate hasn't been much different but it will be interesting to see next months rate lol
    Lloyds OD / Natwest OD / PO CC / Wescott cleared thanks to the 1 debt v 100 day challenge


    Next on the list - the Argos Card!
    • leylandsunaddict
    • By leylandsunaddict 11th Jun 17, 11:35 AM
    • 1,187 Posts
    • 814 Thanks
    leylandsunaddict
    • #3
    • 11th Jun 17, 11:35 AM
    • #3
    • 11th Jun 17, 11:35 AM
    We only ever use a Clarity card so we'll take whatever the rate is at the time. It's not that low yet, and it could go up or down so I can't see the point of going out buying currency. If it drops throught the floor it's not a huge deal. The holiday just ends up costing a bit more.
    • richardw
    • By richardw 11th Jun 17, 12:32 PM
    • 17,760 Posts
    • 7,220 Thanks
    richardw
    • #4
    • 11th Jun 17, 12:32 PM
    • #4
    • 11th Jun 17, 12:32 PM
    Coming soon 'Pound strengthens after Mrs May resigns, should I buy euros or dollars now or wait to see if X is the new PM, or if there's a general election or.....'
    Posts are not advice and must not be relied upon.
    • PeacefulWaters
    • By PeacefulWaters 11th Jun 17, 2:25 PM
    • 6,412 Posts
    • 7,855 Thanks
    PeacefulWaters
    • #5
    • 11th Jun 17, 2:25 PM
    • #5
    • 11th Jun 17, 2:25 PM
    I'm gutted this happened while I'm in the USA.

    My motel room cost me an extra £1 last night as a result.
    • sillygoose
    • By sillygoose 12th Jun 17, 9:14 AM
    • 3,758 Posts
    • 3,545 Thanks
    sillygoose
    • #6
    • 12th Jun 17, 9:14 AM
    • #6
    • 12th Jun 17, 9:14 AM
    Was sat there Friday night thinking why didn't I press the buy button before 10pm.

    But to be less hard on myself, even the last mori poll before the election had the Conservatives up for a strong majority and so did the bookies, so I expected the pound to jump Friday morning with uncertainty over.

    So hanging on a bit now to see if the Tory/UDP deal holds or if further uncertainty is inevitable.
    • PeacefulWaters
    • By PeacefulWaters 12th Jun 17, 10:40 AM
    • 6,412 Posts
    • 7,855 Thanks
    PeacefulWaters
    • #7
    • 12th Jun 17, 10:40 AM
    • #7
    • 12th Jun 17, 10:40 AM
    Was sat there Friday night thinking why didn't I press the buy button before 10pm.

    But to be less hard on myself, even the last mori poll before the election had the Conservatives up for a strong majority and so did the bookies, so I expected the pound to jump Friday morning with uncertainty over.

    So hanging on a bit now to see if the Tory/UDP deal holds or if further uncertainty is inevitable.
    Originally posted by sillygoose
    There'll be another general election within a year. Too many unstable variables from wobbly "coalition" to backstabbing within the Conservative Party for there not to be.

    Uncertainty until that point is the only certainty.
    • iltisman
    • By iltisman 12th Jun 17, 1:08 PM
    • 2,229 Posts
    • 2,394 Thanks
    iltisman
    • #8
    • 12th Jun 17, 1:08 PM
    • #8
    • 12th Jun 17, 1:08 PM
    I was suspicious on Thursday as I saw so many young people going into my polling station so I bought $1500 Dollars for my winter tip to the US.
    I now worry that another general election might put Mr Corbyn in government and I don't think the ESTA agreement would survive long.
    It's only my cheerfulness that keeps me going
    • phillw
    • By phillw 12th Jun 17, 2:52 PM
    • 588 Posts
    • 252 Thanks
    phillw
    • #9
    • 12th Jun 17, 2:52 PM
    • #9
    • 12th Jun 17, 2:52 PM
    But to be less hard on myself, even the last mori poll before the election had the Conservatives up for a strong majority and so did the bookies, so I expected the pound to jump Friday morning with uncertainty over.
    Originally posted by sillygoose
    I thought it would go better for Labour than everyone was predicting, but I don't have money to waste on gambling.

    It would have been better if Labour had gained a few more seats, so the DUP deal would have not been hanging over us. I've lost all faith in May's ability to lead.
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