GBP-Euro topping 1.16

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Chaddy
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GBP-Euro topping 1.16

Post by Chaddy »

The GBP has just topped 1.16 to the Euro...The highest in over a year..Any one know the reason for this :?
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Princebytor
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Re: GBP-Euro topping 1.16

Post by Princebytor »

Don't know, but I have exchanged a 1000 quid just in case it is a 'flash in the pan'
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Devil
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Re: GBP-Euro topping 1.16

Post by Devil »

Chaddy wrote: Tue Feb 26, 2019 12:09 pm The GBP has just topped 1.16 to the Euro...The highest in over a year..Any one know the reason for this :?
Exchange rates never have a reason; they are at the whim of the traders
Chaddy
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Re: GBP-Euro topping 1.16

Post by Chaddy »

Devil wrote: Tue Feb 26, 2019 12:23 pm
Chaddy wrote: Tue Feb 26, 2019 12:09 pm The GBP has just topped 1.16 to the Euro...The highest in over a year..Any one know the reason for this :?
Exchange rates never have a reason; they are at the whim of the traders
Of course Devil,,Mmmmm,so what are the traders buying GBP for.They obviously know something we dont :roll:
ApusApus
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Re: GBP-Euro topping 1.16

Post by ApusApus »

Apparently, it's because the latest media reports say May is going to rule out a no-deal B****t!


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Jimgward
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Re: GBP-Euro topping 1.16

Post by Jimgward »

The rumours of a delay have become reality.
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PW in Polemi
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Re: GBP-Euro topping 1.16

Post by PW in Polemi »

Yep, I got 1.16 😀
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Robert
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Re: GBP-Euro topping 1.16

Post by Robert »

nholleran wrote: Wed Feb 27, 2019 6:32 pm Didn't know it hit1. 1.17
You can see both current and historic exchange rates here https://www.xe.com/

Current market rate as I type this is just a little over 1.17.
galexinda
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Re: GBP-Euro topping 1.16

Post by galexinda »

Surprised to see a better exchange rate, so took advantage of it earlier today. Always use the figure after any charges rather than the one quoted for the exchange. Does Transferwise have a fixed rate or does it depend on how much is transferred? Have seen it recommended often so wonder how the overall cost compares to Currency Fair which charges €3 per transaction.
Discobolus
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Re: GBP-Euro topping 1.16

Post by Discobolus »

Currency Fair usually quote 50 points below the interbank rate to purchase euros against sterling plus the 3 euros charges.
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