Euro...when do we buy?

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

  1. Hotelman

    Hotelman Funster

    Joined:
    Oct 12, 2013
    Messages:
    301
    Likes Received:
    367
    Location:
    Filey
    Do we buy now or wait ???
     
  2. Ninovan

    Ninovan Funster

    Joined:
    Oct 27, 2013
    Messages:
    272
    Likes Received:
    166
    Location:
    Salisbury, Wiltshire
    Done both! Bought some @132, now waiting to go higher to buy the next lot. UKash is 138.66 now. (y)
     
    • Like Like x 1
  3. Wildbill

    Wildbill Funster

    Joined:
    Nov 18, 2011
    Messages:
    7,082
    Likes Received:
    12,079
    Location:
    Goole funster top up and elsan point
  4. treetops1

    treetops1 Funster

    Joined:
    Feb 25, 2013
    Messages:
    887
    Likes Received:
    993
    Location:
    yorkshire
    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

    Joined:
    Mar 11, 2013
    Messages:
    263
    Likes Received:
    165
    Location:
    Hornchurch
    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
     
    • Like Like x 2
  6. John Laidler

    John Laidler Funster

    Joined:
    Jan 9, 2013
    Messages:
    8,578
    Likes Received:
    11,560
    Location:
    Plympton, Devon
    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
     
    • Like Like x 6
  7. Bertie Bassett

    Bertie Bassett Read Only Funster

    Joined:
    Jul 25, 2014
    Messages:
    2,743
    Likes Received:
    8,714

    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!:)
     
    • Like Like x 3
  8. Bertie Bassett

    Bertie Bassett Read Only Funster

    Joined:
    Jul 25, 2014
    Messages:
    2,743
    Likes Received:
    8,714

    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;))
     
    • Like Like x 1
  9. Jonkil

    Jonkil Funster

    Joined:
    Dec 27, 2014
    Messages:
    964
    Likes Received:
    3,174
    Location:
    Ireland / London
    We're doing good business here, offering €1.50 to the £1 and tons of cross border punters. Happy days.
     
    • Like Like x 3
  10. Bertie Bassett

    Bertie Bassett Read Only Funster

    Joined:
    Jul 25, 2014
    Messages:
    2,743
    Likes Received:
    8,714
    (y)
     
    • Like Like x 1
  11. Bertie Bassett

    Bertie Bassett Read Only Funster

    Joined:
    Jul 25, 2014
    Messages:
    2,743
    Likes Received:
    8,714
    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

    Joined:
    Mar 30, 2010
    Messages:
    1,229
    Likes Received:
    660
    Location:
    Full Time on the road
    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

    Joined:
    Feb 26, 2013
    Messages:
    1,369
    Likes Received:
    1,927
    Location:
    Capel St Mary
    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

    Joined:
    Nov 12, 2014
    Messages:
    1,530
    Likes Received:
    2,533
    Location:
    Trowbridge
    I'm waiting till it's 2:1
     
    • Like Like x 3
  15. Dogsense

    Dogsense Funster

    Joined:
    May 5, 2014
    Messages:
    417
    Likes Received:
    110
    Location:
    Leicestershire
    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!
     
    • Like Like x 1
  16. Dogsense

    Dogsense Funster

    Joined:
    May 5, 2014
    Messages:
    417
    Likes Received:
    110
    Location:
    Leicestershire
    Up to €1.4195
     
  17. Dogsense

    Dogsense Funster

    Joined:
    May 5, 2014
    Messages:
    417
    Likes Received:
    110
    Location:
    Leicestershire
    Caxton €1.381

    So better use Halifax CC +2.79%
     
  18. Coolbeanz

    Coolbeanz Funster

    Joined:
    Feb 26, 2013
    Messages:
    1,369
    Likes Received:
    1,927
    Location:
    Capel St Mary
    I just tried de.com and it's not correct? Did you mean xe.com?
     
  19. Bobndebs McKay

    Bobndebs McKay

    Joined:
    Jul 15, 2014
    Messages:
    164
    Likes Received:
    2,894
    Location:
    Bali for the Winter!! Back in Feb 2016
    https://transferwise.com/
    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
     
    • Like Like x 2
  20. markh

    markh

    Joined:
    Jun 4, 2014
    Messages:
    247
    Likes Received:
    243
    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
     
Loading...

Share This Page