Paphos Life

The GBP has just topped 1.16 to the Euro...The highest in over a year..Any one know the reason for this

Don't know, but I have exchanged a 1000 quid just in case it is a 'flash in the pan'

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

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

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


Shane

The rumours of a delay have become reality.

Yep, I got 1.16

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.

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.

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