Euro...when do we buy?

Discussion in 'Motorhome Chat' started by Hotelman, Mar 10, 2015.

  1. Hotelman

    Hotelman Funster

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    Do we buy now or wait ???
     
  2. Ninovan

    Ninovan Funster

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    Done both! Bought some @132, now waiting to go higher to buy the next lot. UKash is 138.66 now. (y)
     
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  3. Wildbill

    Wildbill Funster

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    if it ends up 175 or less that would be nice
     
  4. treetops1

    treetops1 Funster

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    I got 1.34 with FairFX BUT i recon by the time i jump the ferry in 5 weeks it will be at least 3.5+ but when in France you will do better still with British pounds .Take a few with you lol.
     
  5. PJGWiltshire

    PJGWiltshire Funster

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    Keep an eye on the rate as the polls start coming in with the May election. Maybe worth having a bit at the current rate
     
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  6. John Laidler

    John Laidler Funster

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    The ECB's sale of bonds is due to go on into 2016, it started this week which explains why the rate is going bonkers. It could well continue but it is bad for us as a country - it makes imports cheap and exporters struggle. As a result the Bank of England might fight back. The only people happy, apart from British holiday makers are the German car and train makers etc, who can export to their heart's content because of the euro's depressed value.

    Bring back the Deutchmark!

    More info here: http://www.bbc.co.uk/news/business-31811791
     
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  7. Bertie Bassett

    Bertie Bassett Read Only Funster

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    There is much in what you say DBk but as most of our exporters import the raw materials used in manufacture there should be a balance. There won't be any balance because the BoE is fixated with UK deflation. In 2001 whilst in Spain we were getting 1.61 to the £ and very pleasant it was too!:)
     
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  8. Bertie Bassett

    Bertie Bassett Read Only Funster

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    I think the money markets would view it differently PJG....within a short time of Ed Balls becoming the chancellor I think there would be increased inflation as the UK Govt borrowed from all and sundry at the same rates as the Greeks are currently suffering...........Then we would see rates back at their 2001 peak of 1.61 to the £. (imo fwiw of course;))
     
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  9. C200JK

    C200JK Read Only Funster

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    We're doing good business here, offering €1.50 to the £1 and tons of cross border punters. Happy days.
     
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  10. Bertie Bassett

    Bertie Bassett Read Only Funster

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    (y)
     
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  11. Bertie Bassett

    Bertie Bassett Read Only Funster

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    It is 4am on Wednesday and the £ is now euro 1.411501. Just after 8am the gentlemen of the Bank of England will get to work and will begin buying Euros with taxpayers £'s just as they have done every day for the last 3 months. The £ will drop until about 4pm. The BoE will close it's venerable doors and when they've gone home all the £'s they've spent will disappear into the traders bottomless pockets and the £ will rise again. Just as it has done most days over the last three months. I sense that even the 'experts' at the BoE are becoming bored with this merry go round, let's hope so.

    And a quick reminder for the sceptical of just how myopic the 'experts' can be:-
    http://www.businessinsider.com/how-...me-into-financial-history-forever-2010-6?IR=T
     
  12. John & Joan

    John & Joan Funster

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    We just get cash at the days rate from a machine here in Spain. No need to carry large amounts of cash about and risk losing it. Yesterday it was sid by a money expert on TRE that they expect the Euro to continue up to and above 1.45 to the £
     
  13. Coolbeanz

    Coolbeanz Funster

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    I bought some at €136.6 last week from TravelFX and their rate has already risen to over €1.38 this week. I will only use the euros when I am unable to pay by credit card as that will give a much higher rate, currently over €140 ;)
     
  14. mjltigger

    mjltigger Funster

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    I'm waiting till it's 2:1
     
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  15. Dogsense

    Dogsense Funster

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    Halifax Clarity Credit Card Rate now €1.4180

    Very good website and free App to follow Mastercards exchange rate is de.com (recomended to me by adviser off Halifax.

    Then you can make a knowledge decition if to use you credit card, prepaid card (you know what was the rate when topup) or hard cash!
     
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  16. Dogsense

    Dogsense Funster

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    Up to €1.4195
     
  17. Dogsense

    Dogsense Funster

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    Caxton €1.381

    So better use Halifax CC +2.79%
     
  18. Coolbeanz

    Coolbeanz Funster

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    I just tried de.com and it's not correct? Did you mean xe.com?
     
  19. Bobndebs McKay

    Bobndebs McKay Read Only Funster

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    I have just got €1,41 with my usual monthly Transfer with the above(y) loving it, my Pension is currently worth around €250 more a month than this time last year as ist paid in Sterling into my UK Account. :D
     
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  20. markh

    markh Read Only Funster

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    1.42 now and the prediction is for 1.50, I'm holding tight for now, but when you do buy get over 1000 to ensure the best rate
     
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