Euro Rate if we leave the EU

Discussion in 'Motorhome Chat' started by canopus, Mar 30, 2016.

  1. canopus

    canopus Funster Life Member

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    Just wondering if anyone had any thoughts on the value of the Euro against the Pound if we vote to leave the EU in June. Debating whether to buy some Euros now or sit tight and see what happens.(n)
     
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  2. Reallyretired

    Reallyretired Funster

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    If we leave and especially if other countries succumb to the demands of their populace to hold referenda, I would expect the euro would drop substantially. Of course its anyones guess whether the pound would go down or up.
     
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  3. pandj

    pandj Funster Life Member

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    Oh...... for a crystal ball. :D
     
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  4. John Laidler

    John Laidler Funster

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    Indeed. :)

    But an out vote would be seen as creating uncertainty so the value of the pound would probably drop. Rightly or not, this is how it tends to work.

    However, opinion polls leading up to the referendum might point to the actual result so a sudden reaction in exchange rates would be unlikely, unless the result was unexpected! :)

    Which brings us back to:

     
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  5. Snowbird

    Snowbird Funster Life Member

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    In times of the £ yo-yoing such as now and I need Emus I generally hedge my bets by buying half now and half when I go. That way it cushons the final blow by 50%.
     
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  6. tick59

    tick59 Funster

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    As I have posted before the powers that be WILL NOT LET US LEAVE THE E.U no matter how we vote.
     
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  7. LOOSE WHEEL

    LOOSE WHEEL Funster

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    Already bought half just in case.
    The pound will have a bumpy ride after we come out of EU.
    But we,ev been here befor so
    LAND OF HOPE AND GLORY.
     
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  8. Hellfire

    Hellfire Read Only Funster

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    Any uncertainty causes short term jitters but, if Britain votes to leave it's unlikely to cause any long term issues. There are those who believe that a UK exit may bring about the demise of the euro in the long term. Certainly it hasn't done the Southern European countries much good. Its main purpose seems to be keeping the German economy in good heart.
     
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  9. John Laidler

    John Laidler Funster

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  10. dally

    dally Funster

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    I do worry that if we stay in, will we still have the pound? Can anyone be sure we won't have the Euro forced on us? An in vote means no more need for UK concessions and we my well have to toe the line. Border concessions are also a worry.
     
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  11. Judge Mental

    Judge Mental Funster Deceased RIP

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    It has already dropped like a stone...What do you think will happen!

    Be careful for what you wish for:rolleyes:
     
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  12. campa cola

    campa cola Funster

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    Got it in a nutshell (y):clap2::cheers:
     
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  13. John Laidler

    John Laidler Funster

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  14. jenny and mitch

    jenny and mitch Funster

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    EU will collapse within 10 years anyway !!!
     
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  15. campa cola

    campa cola Funster

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    That long :Eeek:
     
  16. dabhand

    dabhand Funster Life Member

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    We don't just "leave" Europe, we have to negotiate our exit, this will not be plain sailing and could take three years or more, we could not expect any favours and we will not be given them. Although EU law says a free trade agreement must be made with any member state who leaves.

    Personally I don't think we will leave although I think we should, the forecasters reckon on about 33% in favour of Brexit at the mo. HSBC are forecasting a 15% - 20% decline in the GBP to Euro rate if we leave, it will be up and down like a tarts draws till the decision is made, and if HSBC are right, in the aftermath, close to parity if we leave!

    If the will was there, according to some brains, Britain could technically leave the EU in a single day. Legislatively, this would be achieved simply by repealing the European Communities Act 1972 and its attendant Amendment Acts through a single clause Bill passing through Westminster.

    So, in answer to the OP, it largely depends on whether your a gambling man or not, and if you think we will or won't leave! If you think we will leave buy now, if you think we will stay, then don't as the rate will probably get better. That's what I reckon me old China!!
     
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  17. alfandM

    alfandM Funster

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    Corruption A i was led to believe that all Governments were honest and straightforward:LOL::ROFLMAO:.
     
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  18. canopus

    canopus Funster Life Member

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    I'm only interested short term because I'm deliberating whether to buy some Eros now or later for a two month trip later in the year
     
  19. Techno

    Techno Funster Life Member

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    Its been around 127 for quite a while now having declined from 143 last Nov. I think it unlikely to go back above 130 but I watch my revolut app daily for any surprises. At least with Revolut you get the interbank rate not the muppet on the street rate :LOL:
     
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  20. dabhand

    dabhand Funster Life Member

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    Buy some "Eros" now that could be a hard one!
     
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