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...
Get it now. Nothing happening in the next few days will improve the outlook.
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.
Hedge - change half now, half when you go.
SELL!!
Buy pork bellies!
Buy teabags - Expats abroad will always pay good money for decent teabags (I'm assuming you're going to a Euro country on hols)
I'm in the same situation. It's difficult to know what to do
As anchs says the best thing is to wait. Right now everyone is panicking, let it settle down.
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
Buy dollars.
Right now everyone is panicking, let it settle down
It might get even worse...
Buy dollars.
Last week..
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?
The future is literally unknowable.
So there is no good advice.
So need Euros in 8 weeks time, do you think that the exchange rate will be better then than it is presently?
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.