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Started by surferboogiewhatever on Jun 27, 2016 6:57:05 PM
Euros: stick or twist?

I'm going to need some Euros in just under 4 weeks. I'm seeing conflicting advice online about whether it's better to change the money now in case the pound sinks even lower, or hold out for a slight recovery. With the amounts I'm thinking of, I'll only save myself a few tens of pounds if I get it right, but I'm half Yorkshire and I like to save a bob or two...

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1OffManMental - 27 Jun 2016 18:59:33 (#1 of 31)

Get it now. Nothing happening in the next few days will improve the outlook.

Anchorman - 27 Jun 2016 19:34:13 (#2 of 31)

Obviously I'm guessing but i suspect the panic will have subsided a bit in 2-3 weeks so it might be worth waiting as I think the pound may well rise a bit by then.

I would ask myself "given the level of fall which has already occurred is it likely to fall more than it would rise?" .

I'd say a rise is more likely as bankers get used to the new situation.

HerrWalrus - 27 Jun 2016 19:36:22 (#3 of 31)

Hedge - change half now, half when you go.

solomongursky - 27 Jun 2016 19:39:30 (#4 of 31)

SELL!!

tasselhoff - 27 Jun 2016 19:40:49 (#5 of 31)

Buy pork bellies!

HerrWalrus - 27 Jun 2016 19:56:29 (#6 of 31)

Buy teabags - Expats abroad will always pay good money for decent teabags (I'm assuming you're going to a Euro country on hols)

FleurDuMal - 27 Jun 2016 20:00:42 (#7 of 31)

I'm in the same situation. It's difficult to know what to do

ZimAgain - 27 Jun 2016 20:01:33 (#8 of 31)

Turn those machines back on!

Gotout - 27 Jun 2016 20:03:36 (#9 of 31)

As anchs says the best thing is to wait. Right now everyone is panicking, let it settle down.

JudgeMentalist - 27 Jun 2016 20:04:25 (#10 of 31)

Surfer, buy now or wait a while if you're happy to risk it, I don't think there's much in it. I was looking here at the 3 month and all timeframe buttons. The rate currently is about halfway between historic highs and lows, and is on a downward trend, until the Brexit result where it fair plummets. Can't see any reason to think it will improve significantly. http://www.pounds2euro.com/Charts

HouseOfLametta - 27 Jun 2016 20:05:16 (#11 of 31)

Buy dollars.

diomu_II - 27 Jun 2016 20:39:40 (#12 of 31)

Right now everyone is panicking, let it settle down



It might get even worse...

xDiggy - 27 Jun 2016 20:41:44 (#13 of 31)

Hedge half-and-half is the best advice I think.

1OffManMental - 27 Jun 2016 22:07:28 (#14 of 31)

Buy dollars.



Last week..

surferboogiewhatever - 28 Jun 2016 07:51:36 (#15 of 31)

Half-and-half is beginning to sound very sensible.

Buy dollars.

I expect the big department stores in Europe accept dollars, but the cafe on the corner? The bike hire guys operating out of a shack? The street food stalls?

thisonehasalittlehat - 28 Jun 2016 07:55:16 (#16 of 31)

The future is literally unknowable.

So there is no good advice.

diomu_II - 28 Jun 2016 11:33:34 (#17 of 31)

Are British debit cards still working, does anyone know?

johnarrgh - 08 Jul 2016 13:59:24 (#18 of 31)

So need Euros in 8 weeks time, do you think that the exchange rate will be better then than it is presently?

LittleMissMuffet - 08 Jul 2016 14:02:30 (#19 of 31)

We're off to Rhodes in 2 and a bit weeks - I bought our Euros the Monday after the vote, can't see things improving much now...

[Edit]

Actually it was the day after, thinking about it.

Gotout - 08 Jul 2016 14:03:19 (#20 of 31)

Anyone going to Spain might want a Santander bank card. They don't charge a premium for use in Spain.

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