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Quantative Easing/ Value Of The Pound

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Quantative Easing/ Value Of The Pound


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Message posted by jrk on 12 November 2009 at 12:46pm - IP Logged Legal Disclaimer
jrk
Corfu
The pound is falling falling falling (sound like the big O!) due mainly to QE. Now £1 will get you 1.06 euros at the post office. A few weeks ago 1.18
So £100 would get you €118 now gets you €106.
Pints may be more expensive after all next year in Corfu?

Message posted by J&L on 12 November 2009 at 2:38pm - IP Logged Legal Disclaimer Corfu Photos
J&L
Corfu
Exchange rate 12 October - 1.07 - 107E for £100.
Exchange rate 12 November - 1.109 - 111E for £100

Good game isn't it!

Message posted by ElaineK (Paxos) on 12 November 2009 at 8:08pm - IP Logged Legal Disclaimer Corfu Photos
ElaineK
Paxos
I just had a look at the 12-month graph on Yahoo Finance and the last time the rate was anywhere near 1.18 was in August, so hardly a few weeks ago. And, as J&L rightly says, for the last month it appears to have been on a rising trend, not falling.

So there's probably a 50/50 chance that pints could be cheaper in Corfu next summer than they were this year.

Elaine

Message posted by openside on 13 November 2009 at 6:23pm - IP Logged Legal Disclaimer Corfu Photos
openside
Corfu
Oh dear credit agencies reporting that UK PLC may lose its AAA rating

Message posted by GUV1 on 13 November 2009 at 11:57pm - IP Logged Legal Disclaimer Corfu Photos
GUV1
Kefalonia
That's been rectified too and pound rising on Friday 13th! Two schools of thought and its difficult to know who's right. Some say virtual parity early in new year (as per 12 months ago) - others say 1.14 by then?

Message posted by NIGEL on 14 November 2009 at 12:12am - IP Logged Legal Disclaimer Corfu Photos
NIGEL
Corfu
Most of the companies who sell Euros in the future are quoting 1.14/1.15 for next June/July so no big recover then?

Nige...

Message posted by maggy on 14 November 2009 at 1:08am - IP Logged Legal Disclaimer Corfu Photos
maggy
Corfu
I can't see the point in worrying or speculating over things we have no control over!
After all no one forces us to go to the euro countries,we can always stay in the good old UK for our holidays.
OK our cash might not go as far as we would like it to,but in my opinion what we get is value for money,lovely sunny days,balmy nights and experiences and the company of lovely people we meet along the way far outweighs how many euros we get to the pound.
As my old dad used to say ''be thankful you wake up each morning''

Message posted by ElaineK (Paxos) on 14 November 2009 at 1:23am - IP Logged Legal Disclaimer Corfu Photos
ElaineK
Paxos
Thumbs up to that Maggy

Elaine

Message posted by Jimmy H on 14 November 2009 at 2:10am - IP Logged Legal Disclaimer Corfu Photos
Jimmy H
Bravo Maggy, I'll second that.

As my old Dad used to say "If you don't know what you're talking about, keep your mouth shut"

So that's what I'll do.

Message posted by sooz on 14 November 2009 at 4:49pm - IP Logged Legal Disclaimer Corfu Photos
sooz
Corfu
Hear hear Maggy! If the pound doesn't get any better against the euro it just means I will have to save a little harder to compensate. In my opinion a holiday on Corfu is priceless!

Sue


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