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P&C@29 28-03-2019 09:57

euro rate
 
The pound euro rate back on 28/03/2018 was 1.13 now with all this brexit trouble it's 1.169, so much for scare mongering ( let's have more and get it to 1.25 please).

Hanser 28-03-2019 11:13

I have just bought enough Euros to get us through until the Autumn.

Although the rate might get better, it's already higher than it's been since May 2017. I reckon there's a risk it could go down significantly (but perhaps only for a few months) when/if the PM steps down, European & General Elections, etc.

PollensaRuss 02-04-2019 08:53

We transferred a chunk when it was 1.171 last week - it was nice to see it back up in a reasonable range again after suffering 1.10 on our last transfer.

I think I spend more time watching the euro rate than working these days!:(

P&C@29 13-12-2019 11:18

Now worth € 1.20 hopefully increasing.

Teacu 09-03-2020 19:15

Can anyone explain why Sterling has recently deteriorated so badly against the Euro ?

Gp1602 09-03-2020 19:44

I think it is because there is market panic about the coronavirus outbreak that has prompted significant falls in stocks and oil. Italy is one of the UK’s top trading partners and so this relationship has been hit hard due to quarantine in areas of Italy and I think as the virus gains momentum in the U.K. markets will be hit further.

Rockape 10-03-2020 10:05

Quote:

Originally Posted by Teacu (Post 129221)
Can anyone explain why Sterling has recently deteriorated so badly against the Euro ?

The Pound-to-Euro exchange rate has fallen sharply amidst a global stock market sell-off that started in late February, which has seen global investors liquidate holding of stocks and repatriate capital into euros.

The Euro has over recent years become a favoured currency to fund stock market investments as Eurozone interest rates remain at record lows; we are now witnessing a substantial return of borrowed capital into the Eurozone.

Sparky 10-03-2020 10:44

All the hysteria over the coronavirus outbreak has had a major effect :(.

Teacu 20-02-2021 00:56

Well, we are now back at circa 1.15, but can’t go anywhere to spend it !

hoopy 20-02-2021 09:38

Quote:

Originally Posted by Teacu (Post 131978)
Well, we are now back at circa 1.15, but can’t go anywhere to spend it !

Do you know of any particular reason for this?

Miller 20-02-2021 11:51

Quote:

Originally Posted by hoopy (Post 131979)
Do you know of any particular reason for this?

Same with the £/$. We must be doing something right.

ChrisW 20-02-2021 12:37

Quote:

Originally Posted by hoopy (Post 131979)
Do you know of any particular reason for this?


Possibly our success with the vaccination programme and the belief that our economy will open sooner than others.

But currencies moves are always a geuss!

C

sunnyboy 20-02-2021 13:39

Quote:

Originally Posted by hoopy (Post 131979)
Do you know of any particular reason for this?

Possibly because the markets are betting on an economic upturn as restrictions begin to ease. However might be wise to remember the adage that it is better to have travelled than to arrive.

car77 20-02-2021 21:30

Quote:

Originally Posted by ChrisW (Post 131985)
Possibly our success with the vaccination programme and the belief that our economy will open sooner than others.

But currencies moves are always a geuss!

C

Yes supposedly because of the fast vaccination roll out the economic picture is looking better for the UK. :):)

Rockape 22-02-2021 11:31

The Pound-to-Euro exchange rate took the market by storm having risen to nine-month peaks last week but could continue steamrolling higher into month-end, leading to a test of 1.17 in the process, as the UK economic backdrop brightens and Sterling proves popular among central bank reserve managers.

Pound Sterling was the best performing major currency again last week despite already having advanced strongly in February against all nine of its largest counterparts, as the British currency continued to be recognised for its improved economic prospects in light of an almost best-in-class vaccine rollout.

The Pound-to-Euro exchange rate has convincingly reclaimed the 1.15 handle in the process but could be bolstered further as soon as Monday when Prime Minister Boris Johnson is expected to set out before parliament a plan for enabling residents and the economy to exit 'lockdown'.


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