euro exchange rate

[sws97sdg]

No I haven't, I will have to look out for them next time!! That is a good rate

 

[Tangoman]

Thanks for the tip Portrobin - we are in Reading for Xmas with our son, so we will go and check it out this week.

 

[P&C@29]

Looking at the Visa exchange rate today ( 1.172) what rates can you get in port

 

[P&C@29]

euro rates

hi can any one tell me of euro rate in the port (banks)

 

[Hanser]

Scare Story Headline Errors

The Mallorca Daily Bulletin yesterday reported, "Sterling hits 17 month low".

It didn't.

For a short time it went to just a fraction under 1.12€; it was lower than that in September and August.

Its value is still within the range it has been since 2016 when Sterling was over-valued in the run up to the Referendum. For the record, it has NEVER been at parity although it got close ten years ago.

 

[bobley]

I saw that, just as I got an email from moneycorp saying the pound was on a high....

Just sitting high wondering whether to chuck a wedge over to last me a few years...

$#@*ing MDB

 

[Hanser]

Just sitting high wondering whether to chuck a wedge over to last me a few years...

I suspect rates could go either way but a big and only temporary turn for the worse is possible. I shipped a load over at 1.15 a while ago and felt smug.

Friday's are always a tricky day on the currency markets but, if I needed to, I'd take a small to medium-sized amount today as a hedge and then wait until after the Commons vote.

Underlying, European economies are actually more of a worry to the dealers.

Then again, I've heard good things about the second favourite in the 3 o'clock at Sandown ...

 

[Teflon]

The Mallorca Daily Bulletin yesterday reported, "Sterling hits 17 month low".

It didn't.

For a short time it went to just a fraction under 1.12€; it was lower than that in September and August.

Its value is still within the range it has been since 2016 when Sterling was over-valued in the run up to the Referendum. For the record, it has NEVER been at parity although it got close ten years ago.

Just for the record the money changing sharks at airports, especially Gatwick, have often paid, and still do, below parity at the desk. Get Revolut, Monzo or whatever but never change currency at UK airports

 

[Hanser]

Surely the only people who use them are money launderers?

 

[Rockape]

Yeah I managed to send over some when it was on the 1.15 mark recently, but only enough to pay a few bills unfortunately. Still, I think it will only go one way, once we get through all this brexit nonsense......whenever that will be!

 

[P&C@29]

euro rate

The pound euro rate back on 28/03/2018 was 1.13 now with all this brexit trouble it's 1.169, so much for scare mongering ( let's have more and get it to 1.25 please).

 

[Hanser]

I have just bought enough Euros to get us through until the Autumn.

Although the rate might get better, it's already higher than it's been since May 2017. I reckon there's a risk it could go down significantly (but perhaps only for a few months) when/if the PM steps down, European & General Elections, etc.

 

[PollensaRuss]

We transferred a chunk when it was 1.171 last week - it was nice to see it back up in a reasonable range again after suffering 1.10 on our last transfer.

I think I spend more time watching the euro rate than working these days!

 

[P&C@29]

Now worth € 1.20 hopefully increasing.

 

[Teacu]

Can anyone explain why Sterling has recently deteriorated so badly against the Euro ?

 

[Gp1602]

I think it is because there is market panic about the coronavirus outbreak that has prompted significant falls in stocks and oil. Italy is one of the UK’s top trading partners and so this relationship has been hit hard due to quarantine in areas of Italy and I think as the virus gains momentum in the U.K. markets will be hit further.

 

[Rockape]

Can anyone explain why Sterling has recently deteriorated so badly against the Euro ?

The Pound-to-Euro exchange rate has fallen sharply amidst a global stock market sell-off that started in late February, which has seen global investors liquidate holding of stocks and repatriate capital into euros.

The Euro has over recent years become a favoured currency to fund stock market investments as Eurozone interest rates remain at record lows; we are now witnessing a substantial return of borrowed capital into the Eurozone.

 

[Sparky]

All the hysteria over the coronavirus outbreak has had a major effect .

 

[Teacu]

Well, we are now back at circa 1.15, but can’t go anywhere to spend it !

 

[hoopy]

Well, we are now back at circa 1.15, but can’t go anywhere to spend it !

Do you know of any particular reason for this?