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Wedding abroad - currency worries
Comments
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Yesterday I decided to be clever and buy €2500 worth of pounds, using the Revolut interbank rate, thinking the pound was due to start recovering. Sure enough this morning the pound took another dive lower and would have been a better buy today.
So I certainly cannot give any valid advice, nor can anyone, unless they are the ones making a killing in the forex trade and influencing the rates.
Don't forget that the value of the euro can also vary, and perhaps become cheaper in GBP terms. I am surprised it did not drop more than it did on the news of Brexit and it's likely negative affect on the EU, it still could any time.Evolution, not revolution0 -
Posts are not advice and must not be relied upon.0
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ok then dont wait.
what you are asking for is people to predict the future if anyone knew what was going to happen with the currency markets we would liquidate all of our assets and buy the appropriate currency and then make a killing.
That's not what I'm asking actually. I'm asking for peoples opinions, on what they'd do in my shoes. I've come here for some informed opinion, not a market prediction.0 -
Informed opinion, it may well go lower as the BOE will cut rates next week. That said they then may add in more quantitative easing which could cause another drop.
Overall the Euro is a busted flush, French and Italian elections upcoming will focus attention back on the Greek, Spanish, etc.etc.etc issues and the pound will recover some ground but not to the recent levels and will probably occur after your August breakSave 12k in 2020 #19 £12,429.06/£14,0000 -
That's not what I'm asking actually. I'm asking for peoples opinions, on what they'd do in my shoes. I've come here for some informed opinion, not a market prediction.
An opinion on what you should do is a market prediction.Let's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0 -
I would hedge, buy half now.0
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Looks pretty much as I predicted above. The only new-ish thing is the one about buying currency for delivery in the future (but fully refundable if you change your mind). However after what happened with Crown Currency Exchange a few years back I'd be nervous about handing over my money now for delivery in the future.Let's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0 -
I'm going to Australia for the month of September. Some you win, some you lose. I'll just have to suck it uptravelover0
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