Euro rate at moment. |
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pyrman
Top Contributors Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1124 |
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Pound touched 1.20 for a bit ... I am now changing all my spare cash into euros ... it will almost certainly go well down from here ..
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Pyrman
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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1.11 for cash € to the £ yesterday
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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€1.12 to the £ for cash in town today. On a related point, I have today received a letter from my UK bank telling me that they have abolished the £1.50 flat fee for using my £ debit card in a € machine (assuming here Multibanco not those other crooks) so if other banks are doing the same that will ease the pain a tiny bit. Also includes Iceland and Norway, not that I have any plans to go to either. Also applies to purchases made in shops and restaurants etc.
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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pyrman
Top Contributors Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1124 |
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Clydesdale (Midland, Bank of Australia, Virgin Money) announced that a couple of months ago ..
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Pyrman
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Jayjan
Top Contributors Joined: 21/November/2006 Status: Offline Points: 7400 |
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1.16 today in our local travel agency in UK
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Polli the dancing cat strikes again.
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Big Col
Top Contributors Joined: 18/August/2011 Location: Newcastle Status: Offline Points: 1534 |
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Yes 1.1674 here today in the North East
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Colin
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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€1,14 to the £ for cash today in town. Best it's been for a while, not by much though.
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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pyrman
Top Contributors Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1124 |
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gone down quite a bit after a wee spike ... now just under 1.15 actual rate ... Ramsdens in uk are giving 1.14 ... might just as well go to Tesco for smaller amounts .. 1.133
Hate to say it ... but if the forecast is for heavy spread of Covid-19 in uk (little evidence that Governments are doing anything to stop it) .. pound probably will take a sharp fall on the lower economic forecasts ... I`m buying some more euros now.
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Pyrman
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pyrman
Top Contributors Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1124 |
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.. official rate now 1.13 and going down .. 1.11 ar Ramsdens not too bad .. Tesco under 1.10 ... hate to think what it is in Albufeira. But will I get the chance to travel with my bundle ..
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Pyrman
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Jayjan
Top Contributors Joined: 21/November/2006 Status: Offline Points: 7400 |
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I got 1.11 today at our local travel agency.
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Polli the dancing cat strikes again.
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pyrman
Top Contributors Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1124 |
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Usual Monday stuff, plus Covid-19, takes pound under 1.10 today ... Ramsdens just over 1.08 ... Tesco at 1.065 .... should be lucky to get 1.00 in Algarve ... may go back up a bit midweek
after Deutch Bank, etc, take their profits ..
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Pyrman
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Orada-man
Senior Member Joined: 14/September/2008 Location: Ireland Status: Offline Points: 611 |
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Interesting why COVID-19 should affect the Pound against the Euro? |
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pyrman
Top Contributors Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1124 |
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UK has a trading deficit (Scotland doesn`t) and relies on foreign investment to boost the currency. Such investors are currently withdrawing and so sterling will be under pressure from much larger currencies/markets (Euro and Dollar). Covid-19 ... supposedly at the beginning of a huge smack in the face .. increases investor worries .. impression also UK and Scottish governments have not done enough, nor quickly enough, against the virus threat ..
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Pyrman
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cubsur
Moderator Group Joined: 26/January/2006 Status: Offline Points: 26451 |
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No-one's going to need Euros for a while now as the EU has closed its external border. As UK is no longer in the EU, that presumably means no-one leaves. There will though be an effect for those who receive UK pensions here.
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Albufeira Resident
www.algarvebus.info public transport information for the Algarve |
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pyrman
Top Contributors Joined: 06/December/2012 Location: Kilmarnock, Sco Status: Offline Points: 1124 |
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Worse to come I fear ... expected rally didn`t happen ... officially now 1.084 ... Ramsdens very generous at 1.0695 ... Tesco, Asda, etc just under 1.06 ... fall of 1.50% just in 1 day ..
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Pyrman
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