How Long to Wait to Exchange to Euros?

russellsnr

Hi, In a catch 22 situation, need to exchange around £10,000 into Euros, on Friday last the rate was approx 1.10 to the pound today 1.12 to the pound and yes all to do with something called BREXIT so if you where me how long would you wait to see if the rate may go up a little more? Remembering £10,000 at the 1.12 rate would give 200 Euro more than Fridays rate. Thankyou. Russ.

Neil49

You are too late.

By the time you get a consensus of opinion on this site the rate will have changed for better or worse and you will be back to square one but with different rates of exchange.

Voyager2002

You should have exchanged before the referendum.

Anyway, keep an eye on the news. If no-deal Brexit seems likely the pound will fall; if Brexit seems about to be cancelled then the pound will rise.

eDicky

Nobody can give you a more reliable answer than the toss of a coin...

greyteam1959

This may give you some indications as to where the exchange rate is heading.
https://www.poundsterlinglive.com/eur/12005-pound-to-euro-exchange-rate-5-day-forecast-next-target-at-1-1200-05