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Pound gaining on the Euro - V slowly

 Poster: A snowHead
Poster: A snowHead
£ falling back to 1.10, you can tell I have just spent 1,000 euro on lift passes and am about to head of to the Alps Evil or Very Mad
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
I bought my lift passes and Swiss Transfer Tickets yesterday for half term. Swiss Passes prices seemed to be at a very good exchange rate so I took advantage before their prices go up.
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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?
thefatcontroller wrote:
£ falling back to 1.10, you can tell I have just spent 1,000 euro on lift passes and am about to head of to the Alps Evil or Very Mad

Dont forget to pack the umbrella Sad
Its been raining at 2300m Sad
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Rising back up to nearly 1.12 - up over one percent today at the moment Very Happy
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Anyway, snowHeads is much more fun if you do.
think sterling is getting a boost from the cadburys bids.. 'excuse the pun' wink
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rayscoops wrote:
Rising back up to nearly 1.12 - up over one percent today at the moment Very Happy

French debt revealed to be only slightly less than UK's Confused
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Then you can post your own questions or snow reports...
on the rise so far again today, up half of a percent, 1.126
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After all it is free Go on u know u want to!
thats about the price it was in may when this thread started. is there much point at all in keeping such a close eye on it? the tourist rate is kak anyway, i use a dodgy little kiosk just outside kingscross for the best rate, 'bout 1.11 at the moment(last time i looked)
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1.08 best around here Sad
Good job we paid package for accom/half board and lift pass and also still have 250E left over from summer, otherwise might hav eto start skiing in scotland wink
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sev112 wrote:

Good job we paid package for accom/half board and lift pass and also still have 250E left over from summer, otherwise might hav eto start skiing in scotland wink


At the moment both the snow and the weather are better here than in the Alps. But the exchange rate for English Pounds is only 1:1...
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dinomartino, Laughing
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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.
ricfrench, you do not have to read the thread if you do not want to wink
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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
rayscoops,i did read the thread, which is why i asked if there is any point keeping such a close eye on it rolling eyes
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 You know it makes sense.
You know it makes sense.
Quote:

if there is any point keeping such a close eye on it

'bout as much point as there is speculating about the snow, I suppose.
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 Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
dinomartino,

sorry wasnt meant to be derogatory to scotland, which i love as a place Smile
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 Poster: A snowHead
Poster: A snowHead
ricfrench, is there any point in 90% of all threads on here inthat case Confused wink
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
I don't know if this has already been posted (I'm not going to read the whole thread! Smile), but the best exchange rates I've found have been Crown Currency Exchange. I've used them twice now and can recommend them.

There are some drawbacks in that it's a minimum of £300, and to get the best rates you have to pay a couple of months in advance. At the moment you can get 1.1201 for delivery on the 1st Feb, but 1.1450 for delivery after 18th Mar.
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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?
rayscoops, good point, well presented NehNeh
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m00958, I've not seen anything about anyone coming to harm using CCE - but I would be cautious

Quote:
Since the Crown companies offer a service whereby customers pay now for foreign exchange which will be delivered up to six or more months ahead, and jointly conduct gross transactions (according to the phone salesman I spoke to) of "several million pounds a week", the financial underpinnings leave something to be desired.


Read the article and decide for yourself.
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achilles, that is interesting.

I'd never heard of them before seeing them touted on Working Lunch on BBC2. They recommended them for the best exchange rates. Damn BBC!

Not sure whether I'll use them again in the future. Having said that, I only ever change the min £300 and whilst it would not be good to lose that amount of money it would not be the end of the world.

I would definitely think more than twice if the amount was significant.
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achilles, I've made my decision based on that article - I don't like it that client's monies are not held in a separate, protected account.
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Then you can post your own questions or snow reports...
Achiles, thanks for the information. It seems as though the customer is basically getting into curreny trading.

The BBC in the form of consumer advice programmes were cheerfully recommending Icelandic banks because of their high interest rates and LLoyds shares because of the 8% dividend. Basically, don't trust entertainment dressed up as information.
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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!
With the UK widely predicted to lose its AAA rating expect the pound to bomb.

Buy Euros while you can.
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bar shaker, I think (but we shall see) that the future status of the UK credit rating is already taken into account in the present exchange rate. Certainly the exchange rate has already been very beneficial to the company I work for. Skiing holiday costs apart, I hope you are right - but I think you are wrong.
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All eyes on the ECB will it bail out Greece?
If they do, will they go on to bail out Portugal Italy Ireland Spain. No of course not the ECB simply couldn't afford to.....could it?
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bar shaker, i saw a report today that it was widely un-predicted Puzzled
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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.
Seems to have stuck around 1.1 for ages. The odd spike here and then but about 1.1 all the same
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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
1.13 today, highest since mid September
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 You know it makes sense.
You know it makes sense.
rayscoops, Mutterings abound about Greece and now Irish banks failing Confused
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Otherwise you'll just go on seeing the one name:
Boredsurfing, Surely its a case of what Irish bank ain't forked is a shorter list than those that are Confused Laughing . Interesting break out to 1.13+ though, however a note of caution. Thie week the M-in-L agreed to have the kids so we can go skiing on our own in March. This means I will need to buy lift pases which means the £ will bomb once again in March. Evil or Very Mad
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Poster: A snowHead
Boredsurfing, Euro over half a percent down on the dollar and pound today already but nothing has really happened positive for Sterling for ages; it will be interesting what impact the widening 'fracture' in the ECB basket will have on the Euro. With UK interest rates so low I can not see any flood of investment to sterling though, but I can see a flood away from the Euro. Buy the greenback Very Happy
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Obviously A snowHead isn't a real person
rayscoops, ECB held interest rates again yesterday. Will the BofE be brave and add a quarter back on ours next month.
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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?
4th of February is the next sitting for the BoE. Could be good news for us half termers Very Happy
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Boredsurfing, nope, nothing will happen until after the election. Interest rates are used to control inflation, and as inflation does not need any control (actually it needs to go up maybe) at the moment there is no need for a change in interest rates.

ECB interest rates are a real difficult one with differeing needs of the various countries !
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Is it 1.4 yet ? wink
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Timberwolf, you mean the Euro against the dollar ? Very Happy

I may well be getting a free beer in Innsbruck in two weeks time the way the exchange rates are going Very Happy
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Then you can post your own questions or snow reports...
As long as it's just the one Ray Laughing 8 sleeps until Schladming snowHead
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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!
This article in The FT gives the reason the pound is improving. The ECB cannot raise rates as EU inflation is well below its target 2% so the Euro is set to take a bit of a bath.
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bar shaker, Hmm, so maybe a half of one percent increase on Base rate in February.
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rayscoops wrote:
ECB interest rates are a real difficult one with differeing needs of the various countries !



Really? Well, who could have predicted that, say, 10 years ago?? The ECB & € were a bad idea from the beginning - doomed to fail from the moment it started rolling eyes

Come on, sterling!!
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