Buy euros now or after Thursday?

itsanne

Going on holiday next week . Bearing the US's current nonsense in mind, any thoughts as to whether it would be better to buy euros before or after Thursday's vote?

Thanks.

grumbler

Instead of guessing buy it in the right place (online) or use the right plastic abroad.

itsanne

grumbler wrote: »

Instead of guessing buy it in the right place (online) or use the right plastic abroad.

Planning that as well .

Voyager2002

Simple.

The current uncertainty means that investors are unhappy about holding dollar-denominated assets. So they will move their wealth out of the USA, and into (i) the UK or (ii) Euro countries. Indeed, investors elsewhere in the world will respond by (iii) switching Euro assets into sterling or (iv) switching assets in sterling into Euro.

So no need for a crystal ball: just use your knowledge of how investors respond to uncertainty to decide the relative magnitude of (i) to (iv),