Load the Caxton Card or not?

Discussion in 'Continental Touring' started by bellabee, Jul 5, 2016.

  1. bellabee

    bellabee Funster

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    Having heard what Mark Carney said today, I've just bought a few hundred Euros on my Caxton card. Now wondering whether I've been too cautious and should buy a load more. We're off to France for 3 weeks at the end of August, then 3 months in Spain/Portugal in the winter.

    I'm feeling that the exchange rate is probably going to get worse :oops: (although I hope not!)
    Does anyone have a better crystal ball than I have? :unsure:
     
  2. GeriatricWanderer

    GeriatricWanderer Funster

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    Come next Spring and you're home from your travels - tell us what the answer was. :)
     
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  3. Freespirit1

    Freespirit1 Funster

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    Just telling it how it is - maybe wait till "The Day After Tomorrow" eh!
     
  4. DBK

    DBK Funster

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    Just read an article which said Goldman Sachs think the rate will bottom out in six months then recover. In other words the rate will continue to get worse, perhaps down to 1.10 or even parity according to those with a pessimistic outlook, then improve.

    But are they right? Who knows, except folk have made fortunes out of sterling since the vote so some of them might have an idea.

    My advice would be to buy some now as the signs for an early recovery, given if nothing else the political uncertainty, are not good. The economic arguments for Brexit were always built on sand so don't expect things to improve quickly. There is much uncertainty ahead and financial markets react accordingly.
     
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  5. bellabee

    bellabee Funster

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    Thanks @DBK. My thoughts are very similar to yours. I've been back and bought what I hope will be enough to see us through the winter.
     
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  6. Geejay

    Geejay Funster

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    Have you got the Halifax Clarity credit card? Recommended by Moneysavingexpert as best no fee and near perfect conversion rate.
     
  7. bellabee

    bellabee Funster

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    Yes, we've got that, too.
     
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