1:1 on the GBP / EUR???

[beanbag]

This morning we broke the 1.104 to the GBP barrier and it's still dropping steadily.

My mate is coming over to visit on Friday and he managed to get a measly €1.04 to the GBP exchange rate. This too when the pound was getting €1.115 holiday makers must be getting under a euro for every pound they exchange.

Who reckons we'll hit a 1:1 situation shortly and I'm wondering if this spells the end of the pound??

Just added a live chart showing the currencies....refresh it to get the latest exchange.

Edited by beanbag on Wednesday 17th December 09:42

[Muntu]

R

[Plotloss]

beanbag said:

I'm wondering if this spells the end of the pound??

Not on your nelly.

I should qualify of course that I'm not opposed to a single european currency.

As long as its Sterling.

[tricky69]

certainly heading that way... for what it's worth i have closed out all my positions for the end of the year. The only major position i have over new years is 1.00 gbpeur ot that expires in may, was bought as a hedge but sitting very nice at the minute. Was originally a 2yr, when traded spot was 1.4723

[audidoody]

Oh Joy. Summer holidays in Skegness instead of the Cote D'Azur.

[sleep envy]

it's plummeting this morning - wonder if the 2m unemployed announcement has anything to do with it

could be 1:1 before xmas

[ytrebil]

1.0988

[beanbag]

brickwall said:

Oh fk. I've got a holiday to France in a few weeks...
It's gonna be expensive...

Buy currency now.....it's not going to get any better so you best get the best possible exchange now.

[rude-boy]

I'm on the way to Paris at the moment. Bugger

[off_again]

Have you seen the GBP to USD at the moment?

[cronk-flakes]

off_again said:

Have you seen the GBP to USD at the moment?

Looks like 1.55 to me? Happy times...

[thehawk]

I used to find Europe expensive, that was 6 months ago. It must be crippling now for many things.

[beanbag]

cronk-flakes said:

off_again said:

Have you seen the GBP to USD at the moment?

Looks like 1.55 to me? Happy times...

You should see the EUR/USD exchange! 1.4097....happy days!

[beanbag]

thehawk said:

I used to find Europe expensive, that was 6 months ago. It must be crippling now for many things.

It's not expensive at all. If you earn in EUR, the increase is negligible. You notice it more of course when you come from the UK and you earn in GBP.

[thehawk]

beanbag said:

thehawk said:

I used to find Europe expensive, that was 6 months ago. It must be crippling now for many things.

It's not expensive at all. If you earn in EUR, the increase is negligible. You notice it more of course when you come from the UK and you earn in GBP.

Yes, that's what I meant. €6+ coffees in Paris are no longer amusing.

[ytrebil]

Does anyone here carry trade at all?

[chippy17]

it's the ugly bird contest between USD and GBP, who will win

[off_again]

Anyone notice the adverts at the top of the page for skiing holidays?

Tough crowd....

[Lordbenny]

Sooner we lose the pound the better in my opinion. Keep pints & mph though.

[Puggit]

Stop reminding me of the exchange rate - please!!