Euro Rate if we leave the EU

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

  1. canopus

    canopus Funster Life Member

    Joined:
    Nov 27, 2010
    Messages:
    3,370
    Likes Received:
    3,745
    Location:
    Lincolnshire
    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)
     
    • Informative Informative x 1
  2. Reallyretired

    Reallyretired Funster

    Joined:
    Apr 27, 2008
    Messages:
    6,145
    Likes Received:
    3,556
    Location:
    Eastbourne East Sussex
    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.
     
    • Like it Like it x 1
    • Thanks Thanks x 1
  3. pandj

    pandj Funster Life Member

    Joined:
    Jul 21, 2013
    Messages:
    658
    Likes Received:
    1,392
    Location:
    East Sussex
    Oh...... for a crystal ball. :D
     
    • Like it Like it x 1
    • Thanks Thanks x 1
  4. DBK

    DBK Funster

    Joined:
    Jan 9, 2013
    Messages:
    9,551
    Likes Received:
    13,435
    Location:
    Plympton, Devon
    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:

     
    • Like it Like it x 2
    • Funny Funny x 1
  5. Snowbird

    Snowbird Funster Life Member

    Joined:
    Apr 24, 2009
    Messages:
    10,366
    Likes Received:
    17,146
    Location:
    Liverpool.
    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%.
     
    • Like it Like it x 10
    • Useful Useful x 1
    • Informative Informative x 1
  6. tick59

    tick59 Funster

    Joined:
    Dec 25, 2007
    Messages:
    1,275
    Likes Received:
    1,126
    Location:
    Newcastle Upon Tyne
    As I have posted before the powers that be WILL NOT LET US LEAVE THE E.U no matter how we vote.
     
    • Like it Like it x 4
    • Funny Funny x 2
    • Informative Informative x 1
  7. LOOSE WHEEL

    LOOSE WHEEL Funster

    Joined:
    Mar 31, 2015
    Messages:
    92
    Likes Received:
    80
    Location:
    WORCESTER
    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.
     
    • Like it Like it x 5
  8. Hellfire

    Hellfire Read Only Funster

    Joined:
    Apr 14, 2015
    Messages:
    12
    Likes Received:
    5
    Location:
    Prone
    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.
     
    • Like it Like it x 4
  9. DBK

    DBK Funster

    Joined:
    Jan 9, 2013
    Messages:
    9,551
    Likes Received:
    13,435
    Location:
    Plympton, Devon
  10. dally

    dally Funster

    Joined:
    Aug 12, 2012
    Messages:
    38
    Likes Received:
    57
    Location:
    SOUTH LAKES
    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.
     
    • Like it Like it x 1
  11. Judge Mental

    Judge Mental Funster Deceased RIP

    Joined:
    Sep 2, 2009
    Messages:
    6,782
    Likes Received:
    6,038
    Location:
    Sarth London
    It has already dropped like a stone...What do you think will happen!

    Be careful for what you wish for:rolleyes:
     
    • Like it Like it x 3
  12. campa cola

    campa cola Funster

    Joined:
    Oct 5, 2012
    Messages:
    3,211
    Likes Received:
    6,244
    Location:
    Weegeland
    Got it in a nutshell (y):clap2::cheers:
     
    • Like it Like it x 3
  13. DBK

    DBK Funster

    Joined:
    Jan 9, 2013
    Messages:
    9,551
    Likes Received:
    13,435
    Location:
    Plympton, Devon
    • Useful Useful x 2
  14. jenny and mitch

    jenny and mitch Funster

    Joined:
    Sep 16, 2010
    Messages:
    2,107
    Likes Received:
    1,793
    Location:
    Bungay Suffolk
    EU will collapse within 10 years anyway !!!
     
    • Like it Like it x 3
  15. campa cola

    campa cola Funster

    Joined:
    Oct 5, 2012
    Messages:
    3,211
    Likes Received:
    6,244
    Location:
    Weegeland
    That long :Eeek:
     
  16. dabhand

    dabhand Funster Life Member

    Joined:
    Feb 19, 2014
    Messages:
    1,756
    Likes Received:
    3,224
    Location:
    Staffs
    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!!
     
    • Like it Like it x 2
  17. alfandM

    alfandM Funster

    Joined:
    Mar 12, 2012
    Messages:
    1,072
    Likes Received:
    1,163
    Location:
    sweden
    Corruption A i was led to believe that all Governments were honest and straightforward:LOL::ROFLMAO:.
     
    • Like it Like it x 1
  18. canopus

    canopus Funster Life Member

    Joined:
    Nov 27, 2010
    Messages:
    3,370
    Likes Received:
    3,745
    Location:
    Lincolnshire
    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

    Joined:
    Jul 28, 2010
    Messages:
    14,303
    Likes Received:
    15,302
    Location:
    Leeds the one up North
    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:
     
    • Like it Like it x 4
  20. dabhand

    dabhand Funster Life Member

    Joined:
    Feb 19, 2014
    Messages:
    1,756
    Likes Received:
    3,224
    Location:
    Staffs
    Buy some "Eros" now that could be a hard one!
     
    • Like it Like it x 1
Loading...

Share This Page