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Euro

 Poster: A snowHead
Poster: A snowHead
Couple of days ago I said to myself that if the Euro got to €1.15 to the pound I would rush out and stock up for my January trip. The pound though is still gaining against the Euro (currently €1.16). Dare I hold out for €1.20? What are others holding on for? Who's brave and who's foolish?
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
I think the pound will continue to recover. I really don't understand why it fell in the first place. The Euro zone has very significant problems and following Brexit will have one less contributor. €1.20 seems a reasonable target but not sure we will get there by January.
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 Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
@esaw1, I am buying on Monday for November trip regardless as that's when I can get to Thomas Exchange
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I need about €4k to pay for windows, etc. Looking online short term outlook is good but not longer term.
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 Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
One note of caution is that Article 50 will likely be triggered in March. Markets don't like uncertainty so the pound may be lower than its 'real' value in the run up.
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Sterling's slipped back a bit this afternoon but who knows if it will plateau and rise again as it has the last couple of days - or drop back.

I wouldn't hold my breath on the recovery continuing and Sterling recovering significant lost value until 2019 when everyone knows what Brexit actually means. Only then we the markets be able to tell if holding reserves in Sterling at a specific rate is safer than holding them in dollars/Euros/gold/etc.
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Then you can post your own questions or snow reports...
Im leaving it till january... Might get to 1.20 by then, lift pass is 199 euros... But ask TO and its £200... They made sure they were covered!!
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 After all it is free Go on u know u want to!
After all it is free Go on u know u want to!
Just booked a trip with Inghams and as part of that I could pre-order my lift pass...for about £30 more than it would cost direct at the current exchange rate!

I politely declined...
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You'll get to see more forums and be part of the best ski club on the net.
British Pound hits 6-Week Best vs Euro as Trump Era Heralds an Easier Brexit.
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British Pound Sees Slight Rise From Lowest Level Since 2009 vs Euro as Trump Era Heralds a Easier Bexit.
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snowHeads are a friendly bunch.
Before everyone gets excited, there are a coupe of points. First, yes, the £ has risen 0.82% against the Euro today, but put this is against a backdrop of an 18% drop since 4th January. It could happen, but we need another 22 repeats of today just to get back to that position. Second, it's worrying that the £ may have ceased to be a 'refuge' currency like the CHF - this is the first time that people didn't buy Sterling yesterday along with their gold and US$ when things got tricky. If this is a trend, then expect big fluctuations in exchange rates - making it even more difficult to predict how rates will vary in the future.
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 And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
Mainly the weakness of the dollar making the pound look better. BUT with elections in France Germany Holland and Italy next year the future for the Euro looks very uncertain...
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 So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much
So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much
Well I need to pay my Austrian house deposit in the early spring so I am watching the rate and getting ready to transfer my savings across. Will be opening an account over here in the next couple of weeks. Time to start looking at various transfer broker options.
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 You know it makes sense.
You know it makes sense.
Should I cash in the 80 I have left from my last trip?
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 Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
This is how it seems to be adding up IMO.

Brexit proved to the world at large that Britain had gone mad, we were on a self destruct mission and couldn't be trusted with metal cutlery let alone the family silver. (whatever your view of Brexit, that's predominantly how it was seen)
Hence the crash of Sterling: yes, you may well 'promise to pay the bearer' but the drool on your crumpled shirt somewhat devalues that promise.

Trumptory has now proven that it's not just Britain but a significant part of the Western world that has lost its marbles. It also suggests that it's not an isolated incident so who knows how contagious it is? Indeed Britain's always had a bit of a rep for ahem 'eccentricity' so maybe we're actually ahead of the curve here.

So, in effect, the 5c rise in Sterling is the result of us not being the only loony in the park anymore and what's more, as the other is the one that's been bothering ladies, we're not even the worst one! Cool
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 Poster: A snowHead
Poster: A snowHead
@Scarpa, if you don't already use transferwise and want to pm me for a referral code - benefit for both of us
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
admin wrote:
It also suggests that it's not an isolated incident so who knows how contagious it is?


So if everyone else follows, would everyone think they had themselves lost their marbles snowHead
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 Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
@admin, brilliantly put Very Happy
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+1 for transferwise it is utterly brilliant. Akin to X rated holiday lover I am happy to go halves via PM on referrals wink
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 Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
+1 for transferwise it is utterly brilliant. Akin to X rated holiday lover I am happy to go halves via PM on referrals wink
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You'll need to Register first of course.
RE Transferwise, I've been using them for years but cheers all Smile
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 Then you can post your own questions or snow reports...
Then you can post your own questions or snow reports...
Current Fair is a similar peer to peer exchange company similar to Transferwise. I've used them quite a lot including one very large transfer for my apartment purchase.
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 After all it is free Go on u know u want to!
After all it is free Go on u know u want to!
Interesting. We've been using HiFX but Transferwise are even better.

Thanks for the tip. Feel free to pm links/codes.

How much are the fees? HiFX works out about 0.75% based on mid market price.
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 You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
Double post deleted.


Last edited by You'll get to see more forums and be part of the best ski club on the net. on Sat 12-11-16 10:44; edited 1 time in total
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@bar shaker, PM on the way.
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 snowHeads are a friendly bunch.
snowHeads are a friendly bunch.
@bar shaker, there's a transferwise link/code in your post Wink
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 And love to help out and answer questions and of course, read each other's snow reports.
And love to help out and answer questions and of course, read each other's snow reports.
admin wrote:
This is how it seems to be adding up IMO.

Brexit proved to the world at large that Britain had gone mad, we were on a self destruct mission and couldn't be trusted with metal cutlery let alone the family silver. (whatever your view of Brexit, that's predominantly how it was seen)
Hence the crash of Sterling: yes, you may well 'promise to pay the bearer' but the drool on your crumpled shirt somewhat devalues that promise.

Trumptory has now proven that it's not just Britain but a significant part of the Western world that has lost its marbles. It also suggests that it's not an isolated incident so who knows how contagious it is? Indeed Britain's always had a bit of a rep for ahem 'eccentricity' so maybe we're actually ahead of the curve here.

So, in effect, the 5c rise in Sterling is the result of us not being the only loony in the park anymore and what's more, as the other is the one that's been bothering ladies, we're not even the worst one! Cool


But the dollar went up as well! (Against euro and others)
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 So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much
So if you're just off somewhere snowy come back and post a snow report of your own and we'll all love you very much
We've just transferred today ant 1.16 - which is a lot better than a few weeks ago.

My person opinion (based on no sort of scientific fact) is that the markets think that Brexit is really sh*t but that Trump is even worse. . . .
ski holidays
 You know it makes sense.
You know it makes sense.
downhillalltheway wrote:
I really don't understand why it fell in the first place.
You can't inject £700 billion of QE without eventually affecting the value of the currency. People are blaming it on Brexit but that was just the trigger point the speculators needed and it would have happened at some point soon anyway. Sterling was over valued and the new normal is roughly where it is in my opinion.
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 Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
LaForet,

For the non-economists in the ranks can you explain please what a "refuge currency" is?

Thanks in advance.
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 Poster: A snowHead
Poster: A snowHead
Bergmeister wrote:
LaForet,

For the non-economists in the ranks can you explain please what a "refuge currency" is?

Thanks in advance.

Somewhere to put your money in times of uncertainty. snowHead
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
Pruman wrote:
downhillalltheway wrote:
I really don't understand why it fell in the first place.
You can't inject £700 billion of QE without eventually affecting the value of the currency. People are blaming it on Brexit but that was just the trigger point the speculators needed and it would have happened at some point soon anyway. Sterling was over valued and the new normal is roughly where it is in my opinion.


That's about how I see it.
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 Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
Chatting to a friend who works in the City on the weekend and Sterling dropping below 1:1 with the Euro before the end of next year's a serious risk!
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@Mjit, what, end of 2017? That's a bit too far off to know. I mean look what's happened in just the last 6 months.
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 Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
Mjit wrote:
Chatting to a friend who works in the City on the weekend and Sterling dropping below 1:1 with the Euro before the end of next year's a serious risk!


I can see why he works there at the weekend.
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@admin, kindly sent me an email which nicely summed up the BREMOANERs for me:

"It's a very real concern that some snowHeads may need to cut down from 4 to 3 trips this Winter! "

On the day in which some of us have spent time remembering and honouring the sacrifices made for our freedoms, particularly freedom from a Central European rule, I personally found this a particularly distasteful and inappropriate criticism of the democratic process currently in train.

Further, (and I trade widely in Europe), there is not the"widely held" opinion you state, no more do I believe that "loonies" voted to leave the EU.

It has to be said that, for those of us who watched the formation, spread and rule of the EU, this was not a democratic process, nor has it been fair, and has not brought prosperity/success/freedoms to ALL its members.

The only sure outcome of all this is that I remove my permissions for admin to SPAM my personal email with his political views. I did not realise this was a political platform.
Disappointing.
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Then you can post your own questions or snow reports...
I have booked myself in for a humour bypass myself.
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 After all it is free Go on u know u want to!
After all it is free Go on u know u want to!
@Strax, have you not heard of irony? Humour?
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You'll get to see more forums and be part of the best ski club on the net.
Quote:

BREMOANERs

@Hells Bells,

IME people who use the term "bremoaner" (and note the capitals, never a good sign!) tend not to have a sense of humour on this subject even if they do on other issues.
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Hells Bells wrote:
@Strax, have you not heard of irony? Humour?
Just like ISIS don't get jokes about Mohammed, Leavermentalist Brextremists don't get jokes.
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