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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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  #271  
Old 28-03-2019, 09:57
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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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  #272  
Old 28-03-2019, 11:13
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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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  #273  
Old 02-04-2019, 08:53
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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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  #274  
Old 13-12-2019, 11:18
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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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  #275  
Old 09-03-2020, 19:15
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Can anyone explain why Sterling has recently deteriorated so badly against the Euro ?
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  #276  
Old 09-03-2020, 19:44
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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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  #277  
Old 10-03-2020, 10:05
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Quote:
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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  #278  
Old 10-03-2020, 10:44
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All the hysteria over the coronavirus outbreak has had a major effect .
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  #279  
Old 20-02-2021, 00:56
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Well, we are now back at circa 1.15, but can’t go anywhere to spend it !
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  #280  
Old 20-02-2021, 09:38
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Quote:
Originally Posted by Teacu View Post
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?
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  #281  
Old 20-02-2021, 11:51
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Do you know of any particular reason for this?
Same with the £/$. We must be doing something right.
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  #282  
Old 20-02-2021, 12:37
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Originally Posted by hoopy View Post
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
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  #283  
Old 20-02-2021, 13:39
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Quote:
Originally Posted by hoopy View Post
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.
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  #284  
Old 20-02-2021, 21:30
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Quote:
Originally Posted by ChrisW View Post
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.
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  #285  
Old 22-02-2021, 11:31
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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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