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The £ looks to be at a 6 month high agaist the euro.

135

Comments

  • MoneyMiser
    MoneyMiser Posts: 571 Forumite
    Dan: wrote: »
    Im going to Corfu on 29th June, and am going to hold out.

    To be honest, I only take a few hundred euros for the first couple of days and will just withdraw from my debit card, as you usually get a slightly better exchange rate.


    Yeah I do the same. Going Majorca for five days so will take a hundred with me then get the rest on my card over there.

    I think I will hold out myself and keep an eye on it.

    MM
  • inspector_monkfish
    inspector_monkfish Posts: 9,276 Forumite
    MoneyMiser wrote: »
    So experts what do I do??

    Do I get my Euro's now or do I gamble and see if they go past the 1.20 mark. I'm due to go on holiday at the end of this month :)

    MM


    maybe get half now, then half nearer the time :confused:
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • inspector_monkfish
    inspector_monkfish Posts: 9,276 Forumite
    its trading at 1.1740 currently

    has been trading between 1.1765 and 1.1715 this morning
    Please take the time to have a look around my Daughter's website www.daisypalmertrust.co.uk
    (MSE Andrea says ok!)
  • Degenerate
    Degenerate Posts: 2,166 Forumite
    StevieJ wrote: »
    Euro rout,collapse?

    If Latvia drops it's peg (which is starting to look inevitable), that may be the spark that sets off the tinderbox.
  • bendix
    bendix Posts: 5,499 Forumite
    MoneyMiser wrote: »
    So experts what do I do??

    Do I get my Euro's now or do I gamble and see if they go past the 1.20 mark. I'm due to go on holiday at the end of this month :)

    MM

    no offence, but even if you took £1000 with you, the difference is only the cost of a couple of beers. Is it worth fretting over?
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    bendix wrote: »
    no offence, but even if you took £1000 with you, the difference is only the cost of a couple of beers. Is it worth fretting over?

    On a moneysaving board quite possibly.

    We left a fair bit i euros, which seems like it was a bit of a shame! Oh well....you win some and you lose some :rolleyes:
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    bendix wrote: »
    no offence, but even if you took £1000 with you, the difference is only the cost of a couple of beers. Is it worth fretting over?

    Where do you drink mate icon7.gif £40 for a couple of beers.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • bendix
    bendix Posts: 5,499 Forumite
    It's not just the Euro that Sterling is strong against, so I think we can safely say that this rally is as much about sterling strength as it is about Euro weakness.

    It's also risen sharply against the greenback and a whole host of Asian currencies. The only currencies it hasnt done so well against is the Aussie and Kiwi dollars, but there are some specific reasons for that.

    It's hardly surprising. The UK economy is weak, but it's less weak than many others. Ergo, it's relatively strong.

    Sterling was massively oversold in late 2008, early 2009. Now we are once again approaching relative fair value.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    bendix wrote: »
    no offence, but even if you took £1000 with you, the difference is only the cost of a couple of beers. Is it worth fretting over?

    err not really mate. To buy 2000 Euro will cost me £200 less then last month.
  • MoneyMiser
    MoneyMiser Posts: 571 Forumite
    bendix wrote: »
    no offence, but even if you took £1000 with you, the difference is only the cost of a couple of beers. Is it worth fretting over?


    Only a couple of beers?! Only a couple of beers?!

    When its a lads holiday those couple of beers are the difference between a good holiday and a great holiday :rotfl:
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