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Go Back   Pollensa Forum > BEFORE YOU GO > Holiday Shopping

Holiday Shopping Includes useful links to on-line shopping for travel essentials.

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Old 28-03-2019, 09:57
Join Date: May 2014
Location: Carlisle, Cumbria UK
Posts: 236
Default 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).
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Old 28-03-2019, 11:13
Join Date: Apr 2018
Location: London
Posts: 238

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.
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Old 02-04-2019, 08:53
Join Date: Feb 2019
Location: Birmingham
Posts: 16

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!
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Old 13-12-2019, 11:18
Join Date: May 2014
Location: Carlisle, Cumbria UK
Posts: 236

Now worth € 1.20 hopefully increasing.
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Last edited by Sparky; 13-12-2019 at 11:32. Reason: Political comment removed.
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Old 09-03-2020, 19:15
Join Date: May 2016
Location: Essex
Posts: 79

Can anyone explain why Sterling has recently deteriorated so badly against the Euro ?
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Old 09-03-2020, 19:44
Join Date: Aug 2012
Location: Liverpool
Posts: 177

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.
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Old 10-03-2020, 10:05
Rockape's Avatar
Join Date: Nov 2017
Location: Surrey
Posts: 309

Originally Posted by Teacu View Post
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.
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Old 10-03-2020, 10:44
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Join Date: Feb 2008
Location: Port de Pollença
Posts: 18,145

All the hysteria over the coronavirus outbreak has had a major effect .
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Living the dream in PP with my glass half full. "Resistiré" .
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