Paphos Life

Currently at 1:15 against the euro, and at a 3 year high against USD.

Doubtless I will be moving this to the politics section in a short while, but I thought it deserved a general airing first.

I think you are a little bit high 1.1459 middle rate at the moment

Discobolus

"I think you are a little bit high 1.1459 middle rate at the moment"

Not related to HIC are ? Cos he can find an argument in anything.

It will fluctuate Companies will need to buy or sell Euros which they will put through Banks dealing rooms, these dealing rooms will be speculating throughout the day as where they think Sterling / Euro will be going with the information they receive

Now i remember why i dont bother to post very much , ..on this forum, where the hell is the argument Dominic said the rate was 1.15 i just pointed out that was a bit high, there is no argument there

Quite so! As you said currency rates do fluctuate. So no argument.

Dee

Discobolis

If you are pedantic enough to point out a .0041 difference to what was originally stated you should expect comment – And the comment was meant in humour hence why I mentioned HIC – If this has offended you then I apologise but I suspect that you have made similar comments previously and obtained a reaction that went against your grain hence your reason for not posting so often – You should try and lighten up a bit and take life less seriously.

Apparently one reason for the weaker euro is the fact that the UK government no longer needs to buy euros to pay over to the EU.........................just saying !!!!!!!!!!!

I was a currency broker for 15 years I take an interest in the currency market, its not being pedantic, 40/50 point movement in the currency is significant, especially if you happen to be exchanging sterling for euros, as far as I am concerned that’s the end of it.

Discobolis

That’s fair comment – However when I and I suspect many others go to have currency exchanged it is done to Two Decimal Places – ie 1.14 or 1.15 Your man at the harbour is not into Quantum Physics and indeed most Banks will have the exchange rate on the boards to two decimal places but whatever floats your boat – I bet your fun to go shopping with for a tin of beans or whatever.

Couple of problems with the improvement in exchange UKP/Euro rates at present.

1. If it continues it might well affect the amount of income tax payable on pensions and earned income for the 2021 tax submissions in 2022.
2. Right now those who earn Euro locally or sell property and are looking to transfer money back to UK won't be getting quite as many pounds in their wallets.

Of course every penny counts to somebody whichever side of the coin you spin.

Happy in Cyprus wrote: ↑Tue Feb 16, 2021 1:58 am In case you hadn't noticed, the major slump in GBP came about in 2016 after the Brexit ref. was first announced.

Did you not notice the massive slump in 2008? Did Brexit cause that too?

The Aquila wrote: ↑Tue Feb 16, 2021 12:43 pm

Happy in Cyprus wrote: ↑Tue Feb 16, 2021 1:58 am In case you hadn't noticed, the major slump in GBP came about in 2016 after the Brexit ref. was first announced.

Did you not notice the massive slump in 2008? Did Brexit cause that too?

He agreed that because Brits can no longer (easily) move to Cyprus to live, work or retire, home sales to Brits will be much reduced in future.
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sorry for off topic.
might be good for cyprus then, less winging brits here that think they know it all, how many times we meet English, they say this an that, we go to the proper sources an most times they wrong.
can only be better for expats rate rising as some are quite poor, example husband/wife deceased.

What do people from Britain have to do now that is different than 3 months ago, if they want to move here to live..

Brexit is done and dusted...get over it and move on....
Btw if we had still been tied to the EU then many more would have died due to the EU bureaucrats inability to respond quickly to safe guard the people and get enough quantity of the vaccine....

trevnhil wrote: ↑Tue Feb 16, 2021 2:17 pm What do people from Britain have to do now that is different than 3 months ago, if they want to move here to live..

I'm guessing they now need permission from the authorities,
where as before they had an automatic right to reside and work here.

The Aquila wrote: ↑Tue Feb 16, 2021 12:43 pm

Happy in Cyprus wrote: ↑Tue Feb 16, 2021 1:58 am In case you hadn't noticed, the major slump in GBP came about in 2016 after the Brexit ref. was first announced.

Did you not notice the massive slump in 2008? Did Brexit cause that too?

I believe 2008 was caused by greedy Bankers buying in bad loans in the States but I may be wrong.
I may be misreading the graph BoB posted but it looks like a gradual rise (with a few bumps in the road) to 2015 and was pretty steady until it started falling rapidly In mid 2016 and has been bumping along ever since.
Of course we all see what we like to see but I wonder where the pound would be if we had stayed in the EU.

Jim

I guess it how you perceive currency fluctuation and the impacts.