Euro (€) Currency Thread

inspector_monkfish

1.1180 trading

JasonLVC

What's causing the sudden (and rapid) drop from a 1.15 position last week to todays 1.117?

With Greece the way it is, I'd have half expected the Euro to drop against the £, not gain on it. Is this becuase we're technically not out of the recession (according to news reports today?)

jammin_2

It's good for me. I shall be in the UK next week (from Ireland), so a weak Sterling shall be most welcome.

sabretoothtigger

Im not sure of the news but on the chart above we just broke out of the lines.
[ 0.8932 inverse] 1.1196
If we look back to Sept to see how it performed after, this is a possible scenario



Further gains for euro seem likely on a larger time frame though look to monday for confirmation of this trend, 1.126 or below

sabretoothtigger

EUR / GBP has met a negative trend going back to 2008. I really dont expect it to be beaten back but this is the last stand for the sterling bulls.
So sideways, some negativity but eventually I would guess euro to surpass sterling overall in the next year and perhaps quite strongly as this larger trend is broken.

I'll have to see how the news reflects this, or not

rulerofuniverse

:eek: I too have just been charged by Alliance & Leicester for getting foreign currency (on statement: CARD COUNTER CHG-WDL). And over £20!!! So much for shopping around for a great rate using MSE!!! I didn't see anything warning me about this possibility and actually spent time reading through all of Tesco's T&Cs about getting currency through them. I chose to use my debit card to avoid the stated credit card charges - should have done that after all... In fact it probably has worked out as the most expensive thing I could have done. I'm disgusted. BOOOOOOOOOOOOOOOOOOOO:mad: :(:(:(:(:(:(:(:(:(

sabretoothtigger

owch I think nationwide are generally the best for being 'fair' to the customer

Baldur

rulerofuniverse wrote: »

.....So much for shopping around for a great rate using MSE!!! I didn't see anything warning me about this possibility....

What you obviously didn't do is to read the main site's travel money article http://www.moneysavingexpert.com/travel/cheap-travel-money#hell

Beware when paying on credit OR debit cards!
Sadly, buying currency from a bureau de change in the UK on a credit or debit card isn’t always treated as a UK transaction. All credit cards and some debit cards charge an additional fee on top of what you pay the bureau de change. See a full list of cards that charge.

The link in the quoted text would have shown:

inspector_monkfish

1.1030 trading

inspector_monkfish

Hi guys,

I'm a TV star now !!
Thanks to my gorgeous 6yr old daughter... here is the reason why we had to cancel Februay's trip to Disneyland Paris, and why the re-arranged June trip is not looking so certain now....

London Tonight...
http://www.itv.com/london/cant-eat-or-drink58440/

any questions feel free to PM me
Regards
IM