euros

Discussion in 'Continental Touring' started by vana, May 5, 2012.

  1. vana

    vana

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    Hi all
    Is any one buying euros for pending travel, or hanging on for a further drop
    in the rate?

    Thanks Mike
     
  2. JeanLuc

    JeanLuc Funster

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    Well, I certainly would not rush to buy €s until the effects of the French election settle out next week: the likely win for Hollande may depress the € vs £. Friday's close was 81.28p.
    In fact, the results of the Greek parliamentary elections tomorrow might have an even bigger effect than the French presidential bout. If there is no apparent consensus or determination in the resulting Greek government regarding the restructuring of their economy, that could put significant downward pressure on the €.

    In the medium term, several analysts are suggesting that the rate could soon reach the June 2010 low of 80.65p and that would test a new floor for the ongoing rate.

    So, likely to be good news for motorhomers travelling to the Eurozone in the near future, but bad news for Britain generally - we could do without a strengthening £.
     

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