What is happening to the £

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Free at Last
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Re: What is happening to the £

Postby Free at Last » Sat Mar 12, 2016 7:30 pm

Not so, I'm afraid.

http://www.xe.com/es/currencycharts/?fr ... UR&view=1Y

anyroads
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Re: What is happening to the £

Postby anyroads » Sat Apr 02, 2016 5:56 pm

Wow..

1.22 as I write. Seems we will be in some kind of Limbo until the "in" vote wins.

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Re: What is happening to the £

Postby Iznajar10 » Sun Apr 24, 2016 6:33 pm

I think that the £ may settle around €1.28 until around the Breixt vote.

If the UK votes OUT then things could get very negative for awhile until things sort themselves out - however, if the vote is IN, then I would expect the £ to climb dramatically in the short term against the €.

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Re: What is happening to the £

Postby Pamela1 » Mon Apr 25, 2016 2:29 pm

My daughter was in the post office 2 weeks ago and the assistant behind the desk told her the rate would get worse and not to be surprised if the pound went below the euro by this summer...Just pure speculation and scare mongering.

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Re: What is happening to the £

Postby Lavanda » Mon Apr 25, 2016 4:07 pm

Let's wait and see shall we. No one knows what will happened if we Brexit but it will be a mess initially. It might be best if we saved some Euros now so we don't need to exchange any money just after the vote. Just in case ...

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Wicksey
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Re: What is happening to the £

Postby Wicksey » Tue Apr 26, 2016 4:11 pm

1.29 today .... hooray! Best rate since early March

markwilding
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Re: What is happening to the £

Postby markwilding » Tue Apr 26, 2016 9:42 pm

Pamela1 wrote:My daughter was in the post office 2 weeks ago and the assistant behind the desk told her the rate would get worse and not to be surprised if the pound went below the euro by this summer...Just pure speculation and scare mongering.
How is that scaremongering? It's an opinion.

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Re: What is happening to the £

Postby Lavanda » Wed Apr 27, 2016 7:49 am

Yes, it's an opinion. No one knows what's going to happen about anything — ever. I'm even unsure, most days, what will be for dinner and what time we will get it. Some people are natural pessimists and some people more positive. My opinion is ... I don't really know what is happening to the pound as I never have any idea what it's doing anyway. I should have because then I can save a few pounds or euros but ... I don't know. All I know is it goes up and down — like my soufflés.

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Re: What is happening to the £

Postby Pamela1 » Wed Apr 27, 2016 5:23 pm

markwilding wrote:
Pamela1 wrote:My daughter was in the post office 2 weeks ago and the assistant behind the desk told her the rate would get worse and not to be surprised if the pound went below the euro by this summer...Just pure speculation and scare mongering.
How is that scaremongering? It's an opinion.
No Mark....It was scaremongering my daughter to change more money while she was there...its their job to make sales where they can.

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Re: What is happening to the £

Postby markwilding » Thu Apr 28, 2016 10:16 am

In the post office? I'm surprised they even bothered to speak.

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Re: What is happening to the £

Postby Pamela1 » Thu Apr 28, 2016 7:51 pm

Just shows how long it was since you were in the post office. :lol:

anyroads
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Re: What is happening to the £

Postby anyroads » Tue May 24, 2016 7:19 pm

Seems there is a bit more scaremongering going on at the moment.

People are buying, just in case Brexit actually happens, and we could be looking at 1.10 / 1.15


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Re: What is happening to the £

Postby Wicksey » Wed May 25, 2016 11:19 am

1.31 today .... yay .... buy buy buy :)

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Re: What is happening to the £

Postby peteroldracer » Wed May 25, 2016 4:59 pm

If I did it would be a sure thing that it would be 1.40 tomorrow..... :crazy:
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Re: What is happening to the £

Postby El Cid » Wed May 25, 2016 5:13 pm

It hit 1.32 today all off the back of the latest polls. If there are a few more good results for Remain you could be right.

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Re: What is happening to the £

Postby anyroads » Thu May 26, 2016 6:23 pm

Just after a month today, I would hope both the £ and the stock market will have a timely boost after the Remain vote is home and dry.

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Re: What is happening to the £

Postby Devils Advocate » Fri May 27, 2016 10:16 am

anyroads wrote:Seems there is a bit more scaremongering going on at the moment.

People are buying, just in case Brexit actually happens, and we could be looking at 1.10 / 1.15


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Just like it was a couple of years back with no Brexit to worry about.
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Re: What is happening to the £

Postby El Cid » Fri Jun 03, 2016 5:31 pm

The GBP dropped over a cent this afternoon - another crash? Perhaps not, it actually went up significantly against the USD, but the EUR went up even more which shows the GBP dropping against the Euro.

That tends to demonstrate that the GBP/EUR rate is really dependent on what each currency does against the USD, rather than a direct relationship between the GBP and the EUR.

There is no doubt that the GBP will crash with Brexit, but that would be against the USD. Brexit would also affect the EUR significantly downwards against the USD so the end result for GBP/EUR might just balance out - we will see!

The experts think the EUR/GBP will improve soon, it's all very clear from this chart. :lolno: :lolno:

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Re: What is happening to the £

Postby olive » Fri Jun 03, 2016 6:52 pm

Just change the words Sid and you could prove cheese exists on the moon.

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Re: What is happening to the £

Postby El Cid » Fri Jun 03, 2016 9:58 pm

But it does, doesn't it? You can get it in the Luna Lidl.

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