Gbp 1 = eur 1.40

[Mellor 3 Ward 4]

Makes a huge difference when going on holiday compared to a couple of years ago when it was almost 1 for 1

If, and I'm sure they will, sort out the Greek issue next week, it may well drop down sharpish I guess?

 

[BBassic]

It's been brilliant. Been to Amsterdam and Barcelona in April/May and got about 1300 euro for £1k. Still have some left over for Tenerife in October. Thought I might get some more changed up this weekend while the rate is good.

 

[Goldstone1976]

I'm rather hoping they do sort out the Greek thing in some way in the next couple of weeks. I've recently bought a few at 1.3960 which I'm planning to sell when (ok, ok, if) the Euro recovers as a result of the latest Grefix.

 

[Joey Jo Jo Jr. Shabadoo]

We got 1.36 a few weeks ago when we went to Alicante. Miles better than the 1.01 we got for Venice in 2012. Going to Barcelona in September so hopefully the Euro remains weak until then.

 

[Postman Pat]

I assume this will also help when buying players from the continent..... assuming we ever actually buy anyone.....

 

[Lincoln Imp]

It's lovely when the rate goes up, irritating when it goes down - but just imagine what it's like for businesses trying to buy and sell with the rest of Europe. It's not just about cheap drink and meals for them. No wonder manufacturers are pausing before investing in the UK. The long term prospects of many communities are in the balance, productivity is poorer than it should be and uncertainty reigns. And all for the internal convenience of the conservative party and its blazer division.

 

[Herr Tubthumper]

We got 1.36 a few weeks ago when we went to Alicante. Miles better than the 1.01 we got for Venice in 2012. Going to Barcelona in September so hopefully the Euro remains weak until then.

The euro will remain weak for another year or so as, amongst other factors, there is a deliberate ECB "easing" program keeping it weak.

It's great news if you're paid in sterling and live in the euro zone

 

[piersa]

It's lovely when the rate goes up, irritating when it goes down - but just imagine what it's like for businesses trying to buy and sell with the rest of Europe. It's not just about cheap drink and meals for them. No wonder manufacturers are pausing before investing in the UK. The long term prospects of many communities are in the balance, productivity is poorer than it should be and uncertainty reigns. And all for the internal convenience of the conservative party and its blazer division.

Do you read the daily mail?

 

[Mattywerewolf]

Makes a huge difference when going on holiday compared to a couple of years ago when it was almost 1 for 1

If, and I'm sure they will, sort out the Greek issue next week, it may well drop down sharpish I guess?

I on the other hand expect this Greek situation to get worse, so am holding on for the Euro to weaken significantly....

 

[HantsSeagull]

Makes a huge difference when going on holiday compared to a couple of years ago when it was almost 1 for 1

If, and I'm sure they will, sort out the Greek issue next week, it may well drop down sharpish I guess?

where are you getting 1.40?

 

[Herr Tubthumper]

where are you getting 1.40?

CurrencyFair currently has 1.3961.

 

[Mellor 3 Ward 4]

I on the other hand expect this Greek situation to get worse, so am holding on for the Euro to weaken significantly....

You could very well be right- but I really can't see Greek leaving the Euro, which would then mean leaving the EU. Mrs Markel doesn't want the great Euro project falling apart on her watch.

This would see the Greeks look elsewhere, with Russia the obvious choice because of their shared Religion - Tsipras is in Russia again this weekend, and the Greeks were very anti the sanctions over Ukraine.

This will be a Political decision, rather than an Economical one - there will be a fudge, the can will be kicked down the road, and we'll all be back here in 12 months time.

Just my opinion anyway.

 

[Pretty pink fairy]

It's lovely when the rate goes up, irritating when it goes down - but just imagine what it's like for businesses trying to buy and sell with the rest of Europe. It's not just about cheap drink and meals for them. No wonder manufacturers are pausing before investing in the UK. The long term prospects of many communities are in the balance, productivity is poorer than it should be and uncertainty reigns. And all for the internal convenience of the conservative party and its blazer division.

get out of the EU then .............. when are Norway and Switzerland going to jump on the bandwagon by the way
regards
DR

 

[Pretty pink fairy]

You could very well be right- but I really can't see Greek leaving the Euro, which would then mean leaving the EU. Mrs Markel doesn't want the great Euro project falling apart on her watch.

This would see the Greeks look elsewhere, with Russia the obvious choice because of their shared Religion - Tsipras is in Russia again this weekend, and the Greeks were very anti the sanctions over Ukraine.

This will be a Political decision, rather than an Economical one - there will be a fudge, the can will be kicked down the road, and we'll all be back here in 12 months time.

Just my opinion anyway.

are you saying the Greek government are a bunch of mugs then ?
regards
DR

 

[Notters]

Yup. Off to Spain this afternoon

 

[BensGrandad]

Is that an incentive for TB to buy a player from Europe very quick before it changes. Going to Cyprus in 10 days so should get some benefit there although aged at 1.36 but may get some more

 

[Mattywerewolf]

You could very well be right- but I really can't see Greek leaving the Euro, which would then mean leaving the EU. Mrs Markel doesn't want the great Euro project falling apart on her watch.

This would see the Greeks look elsewhere, with Russia the obvious choice because of their shared Religion - Tsipras is in Russia again this weekend, and the Greeks were very anti the sanctions over Ukraine.

This will be a Political decision, rather than an Economical one - there will be a fudge, the can will be kicked down the road, and we'll all be back here in 12 months time.

Just my opinion anyway.

Actually virtually nobody wants the Greeks to leave the Euro. Short term you are probably right that the can will be kicked down the road (again), but i'm not sure this will stimulate the Euro much.

Over a longer time horizon it seems impossible that Pensioners across the Eurozone (from the extremes of Lithuania to Germany) can afford to allow the Greeks to fully default on their debt. This being the case it will be hard for anyone to force through a political agenda in the face of worsening economic data. Having allowed the Greeks to borrow more than they can afford to repay i think the Eurozone longer term is not looking rosey....Obviously only my opinion but i am looking forward to a few years of cheaper holidays in Europe. If i had larger expenses though i would probably get some Euros now as a partial hedge!

 

[Mellor 3 Ward 4]

Tsipras has just made a speech in Russia - I thought these words were interesting..........

"As all of you are aware, we are at the moment at the centre of a storm of a whirlpool, but we live near the sea so we’re not scared of the sea. We are ready to go to new seas to reach new safe ports."

I assume he means Russia?

 

[Goldstone1976]

Tsipras has just made a speech in Russia - I thought these words were interesting..........

"As all of you are aware, we are at the moment at the centre of a storm of a whirlpool, but we live near the sea so we’re not scared of the sea. We are ready to go to new seas to reach new safe ports."

I assume he means Russia?

I guess you're right. Uh oh.

 

[desprateseagull]

Would value of Euro go down, if Greece pull out ?

So exchange rate improve, against the pound..