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FX rate warning

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By (user no longer on site) OP   
over a year ago

We have just had a warning about the exchange rate. They are predicting a parity level as we move closer to the vote. They are suggesting change now. Just thought I'd share this for those who are coming this summer.

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By *at69driveMan
over a year ago

Hertford


"We have just had a warning about the exchange rate. They are predicting a parity level as we move closer to the vote. They are suggesting change now. Just thought I'd share this for those who are coming this summer."
. A bit of a difference compared to the. 1.40 rate last summer. Not quite the type of news you want to see when reading the Sunday papers .

The only good news is that if you are invested in companies with a strong export market, their share price may go up.

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By *ighorn2006Man
over a year ago

Ceredigion / N France

Thanks for the tip. I'll have to get a few for this summer's trips ??

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By (user no longer on site)
over a year ago

How's the forecast looking now ?

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By (user no longer on site) OP   
over a year ago

Pound has rallied up - just goes to show predictions are just that.

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By (user no longer on site)
over a year ago

In my view It's too late to buy Euros now to save yourself pain. Most of the risk has now been 'priced in'.

There might be a big, temporary jump in Sterling if the vote goes in favour of Europe.

The next Euro crash is only a matter of time (Italy or Greece) but it wont be in time for this summer at the Cap.

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By (user no longer on site) OP   
over a year ago

Too late already feeling the pain

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By *at69driveMan
over a year ago

Hertford


"Pound has rallied up - just goes to show predictions are just that. "
The harsh reality of life is that no one can predict the future .

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By *ougntinaCouple
over a year ago

chigwell

yes typically theres a slow in trade before the vote so demand wil slow and prces slide then it will spike immediately after, depending onthe result

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