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Pound gaining on the Euro - V slowly

 Poster: A snowHead
Poster: A snowHead
Things are getting "slightly" better

Interbank rate at 10:40am = 1134.76
but most TO's will get 0.05% less than this on forwards of over £50K
over 100k - should be able to get 0.03 - if you haggle enough ?

So looking at the TO rates you could buy €1,134 for £1,000
But how many Euro would you get (at 10:40am) depends on where you buy them

Euros From % Mark up(How much they charge)
1097 Post Office 3.39% 37.15 €
1078 Marks and Spencer 5.21% 56.15 €
1089 Thomas Cook 4.15% 45.15 €
1080 HSBC 5.01% 54.15 €
1088 Travelex 4.24% 46.15 €
1114 CrownCurrencyExchange 1.82% 20.26 €

Note figure have been rounded down to 2 points

The pound has gained against the Euro - so "may" be an idea to wait and see - but who the hell knows
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 Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
Wayne, But it reached a similar level a few weeks ago then slipped back down to 1.11 again. Trend since March is upwards though. I think it's far too volatile to read too much into.
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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?
Colin B,
I know - watching V carefully - next resistance - so I'm told - should be at 1.7 / with support @ 1.4
we will send if the money grabing guys in flash suits show a little bottle for a change and make my post skiing beers a little cheaper
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Wayne, I see that Crown Currency do foreign exchange by mail order Shocked I do like their rates but it's a novelty, posting £1000 worth of bank notes out to their customers. Without wishing to cast aspertions on the honesty of the Great British Postie, I see a number of disputes arising about whether or not the customer actually received the package.
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red 27,

I never heard of them so don't know.

Update @ 11:13 rate = 1.13555

Resistance on it way if they do as they always do

Edited here
Just asked the "chap who knows" and he say IF this resistance is past then next will be 1.2
Yea - joy - cheeper beer in Italy


Last edited by Anyway, snowHeads is much more fun if you do. on Tue 19-05-09 11:17; edited 1 time in total
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red 27, suspect it would be courier, much easier to trace the person responsible if it goes missing. Though I do like the thought of the postie putting a wedge of money through my letter box.
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 Then you can post your own questions or snow reports...
Then you can post your own questions or snow reports...
11:19am = 1.136535

sorry not going to keep this up, just want to see if the suited chaps are really the ones making my skiing cost too much

are we going to pass resistance ???
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 After all it is free Go on u know u want to!
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Shimmy Alcott, Royal Mail Special Delivery according to their website. My postie always leaves such packages under my car and does the signature himself!

Wayne, blimey mate - calm down, it's a while to the ski season and all that 'points of resistance' guff if just chartists trying to sound like they can read the future wink
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Shimmy Alcott, count me in as well for a wedge of money through the door. Where do I apply? Very Happy
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red 27,

Off to Mallorca in couple of weeks - need cheaper then as well ya know Very Happy
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1.13698

now we'll see ?
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red 27,

seems they were right

1.13698
1.13688
1.13675
1.13652
1.13629

Can't swear on this - but Crying or Very sad

Going to find something better to do than this
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red 27 wrote:
Shimmy Alcott, Royal Mail Special Delivery according to their website. My postie always leaves such packages under my car and does the signature himself!



Shocked and Shocked Laughing
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 You know it makes sense.
You know it makes sense.
Wayne, so it has moved 7/1000 of 1 cent? OMG! that will mean 3 less ml of beer per £100 Crying or Very sad
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 Otherwise you'll just go on seeing the one name:
Otherwise you'll just go on seeing the one name:
red 27 wrote:
Wayne, so it has moved 7/1000 of 1 cent? OMG! that will mean 3 less ml of beer per £100 Crying or Very sad


I am just mean wink

but no worries as it's 1.13728 at the mo Very Happy so you were about them not knowing what they were on about
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 Poster: A snowHead
Poster: A snowHead
buy in the morning sell in the afternoon....seems to be the trend....tajke a look at 3pm
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Obviously A snowHead isn't a real person
1.1335 8am
1.1386 3pm
% gain today = 0.4499% (as a % of exchage rate)
Almost half a point - not bad for a day

So my 4 euro beer should now cost 1p less (£3.5130 Smile )
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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?
Wayne, what an exciting day on the FOREX market Very Happy
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1.139 now Very Happy CEM,
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Gosh this has been fun, let's not spoil it by doing it again tomorrow Very Happy
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andyph,
OK

But on sort of the same point - why do we watch it so much. Simply we need to place forwards sometime this year at least, so we watch and wait.

But remember that of all the posts in this forum this sort of stuff is probably the most boring (well not probably but definitely Madeye-Smiley ) but it also has the most affect on people's ability to go on a skiing holiday. But yeah OK, no more (for now wink )
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I've used CCE twice in the past with no problems and taken delivery on-time. Shimmy Alcott, If your postie is doing this - remember Special Delivery is not your normal postie, but Recorded Signed for is - then a strongly worded complaint should be made to Royal Mail. These are premium, signature bearing services for a reason and "leaving under the car" is unacceptable and this practice undermines the service.
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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!
andytb, aw, thanks for caring but it was red 27, 's postie, not mine Very Happy
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I think I'm following it as closely as Wayne, due to the movements this week my mortgage will be for €3000 less than it was going to be for!!

Roll on the 1.2.. but can it be soon please!!
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Shimmy Alcott, whoops! Must take more care when iphone-posting.
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marcellus wrote:
due to the movements this week my mortgage will be for €3000 less
What, are you passing golden turds? Toofy Grin
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And love to help out and answer questions and of course, read each other's snow reports.
Doesnt make a sodding difference if its at 1.10 or 1.13. The difference will be when it hits 1.2
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andytb, noted - thanks Smile
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 You know it makes sense.
You know it makes sense.
Timmaah, I think that marcellus, will disagree with that? Toofy Grin
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andyph wrote:
marcellus wrote:
due to the movements this week my mortgage will be for €3000 less
What, are you passing golden turds? Toofy Grin


Laughing Laughing
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 Poster: A snowHead
Poster: A snowHead
Quote:

marcellus wrote:
due to the movements this week my mortgage will be for €3000 less
What, are you passing golden turds?

What's so funny? I bet golden turds are legal tender. Would love to see the bank manager's face when you make a deposit.

Anyway, these calls for a rate of 1.2 lack ambition. Am dreaming of a return to the rates of summer of 07 when the pound ruled at about 1.5.
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 Obviously A snowHead isn't a real person
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Ya but it won't go back to 1.4-1.5 because the pound was grossly overvalued at the time....
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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?
Timmaah,
We need to buy 1.5million Euros
1.10 to 1.13 = over £36,000 difference
Mind you 1.2 would be nice (over £110,000 difference)
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Timmaah wrote:
Ya but it won't go back to 1.4-1.5 because the pound was grossly overvalued at the time....


Doesn't really matter what the value of the pound is.
Due to the sheer size of the EU it's more to do with what the value of the Euro is as the pound will float with all the other dosh from around the world against this.
It’s deff going to get dragged down by the PIGGS anyway but this will be compounded by Germany being buggered as it appears to be, so you never know we may see 1.4
Basic fact is the EU was a stupid idea, as it will never work from an economic stand point (the world is full of countries waiting to join the PIGGS and for some reason the EU wants to invite em in - V Strange) but fron my personal outlook its great coz I can work all over.
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Don't you mean PIIGS and not PIGGS?
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vman wrote:

Anyway, these calls for a rate of 1.2 lack ambition. Am dreaming of a return to the rates of summer of 07 when the pound ruled at about 1.5.


Would be over the moon if it were to get back to those levels........ but am being a realist... the sickening thing was at 1.40 I decided not to buy Euros but to wait for the return to 1.5!! Crying or Very sad
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Guy on Sky News at lunchtime wasn't optimistic about significant improvemnts in £/€ rate. Due to the fact that Europe isn't taking the same anti-recessionary measures as UK/US, ie extremely low interest rate and quantitatve easing Sad
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 After all it is free Go on u know u want to!
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richjp wrote:
Don't you mean PIIGS and not PIGGS?

It used to be Portugal, Ireland, Italy, Greece and Spain but when you add in Germany you get ..... wink

PS 1.14318 now
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hold or buy.... hold or buy .... hold or buy.............. it's broken the 14............. guess we'll see overnight if the states wipe it out!! Confused
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Wayne wrote:
richjp wrote:
Don't you mean PIIGS and not PIGGS?

It used to be Portugal, Ireland, Italy, Greece and Spain but when you add in Germany you get ..... wink

PS 1.14318 now


I agree with the first five but I am not sure that Germany should be included. Despite its own problems it may be Germany that has to buy up all the junk treasuries to bail the others out.
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