Euro (€) Currency Thread

waynehayes

Starting nicely on 1.1444 this morning.

inspector_monkfish

1.1455 trading

UK Retal Sales figuers due at 9.30am

NEH

We're looking at going with the Thomas Exchange for our travel money at 1.127 is that a good rate for now? Or are we expecting it to go up further? Just wondering whether to take this rate now or wait a couple of days to see what happens?

inspector_monkfish

eur/gbp just collapsed
trading 1.1315
after S&P revises UK outlook to 'NEGATIVE'

inspector_monkfish

09:30 21May09 UK retail sales rise much more than expected in April

LONDON, May 21 - British retail sales rose much more than expected in April with most sectors doing well, official data showed on Thursday, in a sign that consumer spending is still holding up in the face of economic recession.

But government borrowing hit a record high for the month of April -- the first month of the new tax year -- as the shrinking economy has battered the public finances.

The Office for National Statistics said retail sales volumes rose 0.9 percent last month, nearly double analysts' forecasts of a 0.5 percent gain. In March, sales rose 1.1 percent on the month.

On the year, sales rose 2.6 percent in April after a 0.9 percent gain in March.

Analysts may still be sceptical about the data following widespread methodological changes to the series that has led to substantial revisions after criticism that the figures did not tally with other survey evidence.

The ONS said public sector net borrowing hit 8.468 billion pounds in April, compared with 1.836 billion pounds in the same month a year ago.

That was a record for the month of April but roughly in line with expectations.

The public sector net cash requirement came in at 5.151 billion pounds, also an April record and versus a surplus of 2.884 billion pounds in the same month last year.

inspector_monkfish

fell to 1.1280
now bounced back to 1.1325

taldor83

I went for a company called NO1 Currency. Looked over their rates compared to the other (local) bureau's. Amazing rate! 1.111 today. M+S is at 1.09. Good times! (Of course this is in Edinburgh for me, but it's the same rates all over the country.)

billykeats

It's slowly creeping back up again so hasn't taken too much of a hit.

Hopefully this is the sign of things to come and the rate will be almost back to where it was this time last year, just in time for my holiday

inspector_monkfish

can't keep a good thing down !!

back over 1.14 now

Kingsd316

Back to 1.12 (high Street rate) at http://www.thomasexchange.co.uk/