MSE News: The pound hits €1.40, should you buy now for the summer?

jamesd

workingnomad wrote: »

I think that is incorrect information regarding Citibank.

From the page Martin linked to: "Please note: this account is currently unavailable for new clients unless it is opened alongside a Citigold Current Account". If you look at the Citigold Current Account then click on the text "upgrade to Citigold" you will be taken to this page which says:

"If your application is successful, you will need to meet at least one of the following criteria to maintain your account:

Have an average monthly balance of £75,000 (or currency equivalent) across all your Citi accounts
--- OR ---
Hold an account with Citi International Personal Bank in London, Jersey or Switzerland
--- OR ---
Pay a monthly fee of £25"

jexygirl

We moved £20,000 to euros last Feb to buy a property, being told by moneycorp who we used to move it (and who were superb) that it was at its highest for 15 months. A year on, we are still in the buying process (good old French system!) and would have been 4k better off had we waited until now!
The moral - you pays your money, you takes your chances!

mn2203

Hi, looking for a bit of advice.

I had 9000 euro in a current account in Ireland as I used to live there. At New Year I transferred this into my partners Irish account as the current account was getting charges etc. This relationship has now ended and while I'm not concerned he will use the funds, obviously my family are worried this money is no longer in my name and think i should get it transferred back to the UK asap, despite the appalling exchange rate. Already I have lost had I transferred it say a week ago.

An Irish friend said to just leave it, but having done a bit of research online it seems many think the euro rate will continue to fall against the pound for some time to come, and won't reach the 0.85 it was when I was living in Ireland.

Any advice appreciated.

benjus

Pincher wrote: »

For European countries, I just whip out the Saga No Fee credit card. Do you really see yourself paying the hotel bill in cash?

Depends which European country you mean. Germany, for example, is still very cash-oriented in terms of smallish payments (cafes, bars etc).

dave76

wow - up to 1.42 right now.

I have a hotel reserved that I was due to pay 2600 euros on arrival in June - tempting to pay up front as it will be 120 quid cheaper than when I made the reservation, but it might still get better arghh

firefox1956

I read a post on here somewhere in January time & whoever it was suggested the Euro might reach 1.55 this summer..........
Don't think his name was Warren Buffet though.!!

[Deleted User]

I need to transfer a rather large amount to a Portuguese account soon. Tempted to do it sooner rather than later. When I decide, should I send it in GBP or in EUR?

SaveTheEuro

zagfles wrote: »

First time I used Euros it was about 1.58 to the pound.

I had thought we would never see that again. Now I'm not so sure. Even yesterday's 1.40 seems poor compared to 1.4247 at this minute.

antenna

70.014 buys 1 euro.........hold on to your hats,it could be a bumpy ride.

antenna

SaveTheEuro wrote: »

I had thought we would never see that again. Now I'm not so sure. Even yesterday's 1.40 seems poor compared to 1.4247 at this minute.

All right.............no need to rub it in:mad::mad: