So, who or what is to blame?

Unknown
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edited December 2015 in Overseas Campsites & Touring #1
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  • iansoady
    iansoady Club Member Posts: 419 ✭✭✭
    edited December 2015 #2

    Global capitalism.

  • peedee
    peedee Club Member Posts: 9,392 ✭✭✭
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    edited December 2015 #3

    Caxton is offering 1.36euros to the pound, I haven't seen it much higher than this. Was 1.33 a couple of days ago.

    peedee

  • DavidKlyne
    DavidKlyne Club Member Posts: 13,874 ✭✭✭
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    edited December 2015 #4

    This
    link     might give some background. Up until now the UK has been fairly solid in the market rate, or perhaps others have been less solid. So rising interest rates in the USA and improving conditions in Europe are bound to see a reduction in the sterling/euro
    exchange rate. The uncertainty over a possible UK exit from the EU is likely to put even more pressure on sterling as well as our debt situation. Maybe a good idea to buy euros now?

    David

  • Unknown
    Unknown Forum Participant
    edited December 2015 #5
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  • cyberyacht
    cyberyacht Forum Participant Posts: 10,218 ✭✭✭
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    edited December 2015 #6

    Perhaps now's the time to grab a bargain and buy my apartment on the Costa Blanca then. Wink

  • Unknown
    Unknown Forum Participant
    edited December 2015 #7
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  • Tigi
    Tigi Forum Participant Posts: 1,038
    500 Comments
    edited December 2015 #8

    Its the MARKET historically a good rate has been above 1.4 we bought about three weeks ago at 1.41 from Click & Collect at ICE in London.

  • cyberyacht
    cyberyacht Forum Participant Posts: 10,218 ✭✭✭
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    edited December 2015 #9

    Perhaps now's the time to grab a bargain and buy my apartment on the Costa Blanca then. Wink

    Laughing  About 4-5 weeks ago it would have been an even better bargain CY.  Maybe next year Wink but
    feel free to send me details at Deleted UserUser@gmail.com. 

    I'm in the throes of putting a promotional DVD together. If you send me your snail mail address, I'll send you one after the New Year. My Email is in my profile.

  • flatcoat
    flatcoat Forum Participant Posts: 1,571
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    edited December 2015 #10

    It is a combination of events but primarily now it is increasingly looking like UK interest rates will not rise until 2017 the pound is less attractive. 

  • Unknown
    Unknown Forum Participant
    edited December 2015 #11
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  • Wildwood
    Wildwood Club Member Posts: 3,585 ✭
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    edited December 2015 #12

    Foreign exchange rates vary even from day to day. Trying to forecast these is a crystal ball job and even the experts get it wrong from time to time. You simply have to live in hope that the rate will improve just before you go away

  • SallyD
    SallyD Forum Participant Posts: 85
    edited December 2015 #13

    Just take heart from the fact it's still a lot higher than a few years ago!

  • Dunclair
    Dunclair Forum Participant Posts: 127
    edited December 2015 #14

    Its just the way that markets work - based mostly on rumour and gut feeling. It is important to remember that currency excahange is a world-wide market and too big to be controlled by anyone.

    The peak for us was about March 2014. There was a steady decline to the bottom (for us) about February 2015. There was then a bounce with a double-bottom in November 2015. Market theory would suggest that after a double bottom, the market will rise steadily again, so buying Euros now (Acording to that theory) might be a mistake.

    To my mind, the fall has maybe been caused by the anti-EU ravers, the Scottish independence movement, the turmoil in British politics or a combination of all of those. What I feel is certainly true is that anti-European rhetoric does not help our exchange rate with the Euro.

  • kaenergas
    kaenergas Forum Participant Posts: 171
    edited December 2015 #15

    in the new year, it only needs Greece to have problems repaying its debt, bad Euro figures and the Euro could quite easily go back up, for me it's wait and see a little but I was lucky I exchanged a good amount a few weeks ago at 1-405, so hey ho it's each
    to our own judgement. 

  • wildemere
    wildemere Forum Participant Posts: 68
    edited December 2015 #16

    As a farmer weeker the £ is the more Mr Tesco etc will want my produce,as at now we have seen a 20% drop in farm gate prices since 2014, that will alow me to get away to France for a break in 2016. It's an ill wind that does no good.

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