The £/$ fall to 1.33 in the wake of the referendum.

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Jun 27th 2016, 1:11 pm

#91

Philk

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Joined: Aug 2011

Location: Grand Rapids MI

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Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by Pulaski

Everyone should read it, it is a great article.

He once regaled the German chancellor with a pre-dinner PowerPoint presentation

So we can blame MS and Powerpoint for Brexit

Jun 27th 2016, 1:13 pm

#92

mrken30

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Re: The £/$ fall to 1.33 in the wake of the referendum.

£ Down to $1.31 today.

Jun 27th 2016, 4:42 pm

#93

mrken30

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Re: The £/$ fall to 1.33 in the wake of the referendum.

Walk up exchange rate at Heathrow is £1=$1.129318

Jun 27th 2016, 5:22 pm

#94

lansbury

Joined: Apr 2005

Location: Milwaukie, Oregon

Posts: 9,966

Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by mrken30

Walk up exchange rate at Heathrow is £1=$1.129318

Seeing at most people on BE are not going to travel to Heathrow to get the walk up rate, quite frankly I don't expect they give a toss what it is.

Jun 27th 2016, 5:22 pm

#95

Lion in Winter

Joined: Aug 2003

Location: East Seaxe

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Lion in Winter has a reputation beyond repute

Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by mrken30

Walk up exchange rate at Heathrow is £1=$1.129318

Jun 27th 2016, 5:25 pm

#96

Lion in Winter

Joined: Aug 2003

Location: East Seaxe

Posts: 72,549

Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by lansbury

Seeing at most people on BE are not going to travel to Heathrow to get the walk up rate, quite frankly I don't expect they give a toss what it is.

I'll be there next month. If it's still that low I may have to change cash at the airport. Don't normally do that.

Jun 27th 2016, 5:27 pm

#97

lansbury

Joined: Apr 2005

Location: Milwaukie, Oregon

Posts: 9,966

Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by Lion in Winter

I'll be there next month. If it's still that low I may have to change cash at the airport. Don't normally do that.

If it's that low why would you use the walk up rate which is normally the worse possible option.

Jun 27th 2016, 5:27 pm

#98

mrken30

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Location: Portlandia Metro

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Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by lansbury

Seeing at most people on BE are not going to travel to Heathrow to get the walk up rate, quite frankly I don't expect they give a toss what it is.

Do you keep left over sterling? Do you change your pounds back to dollars when you get back to the US?
I know a few people that convert their left over foreign currency at the airport.

Jun 27th 2016, 5:28 pm

#99

mrken30

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Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by Lion in Winter

I'll be there next month. If it's still that low I may have to change cash at the airport. Don't normally do that.

That is the price for converting back to dollars.

Jun 27th 2016, 5:32 pm

#100

lansbury

Joined: Apr 2005

Location: Milwaukie, Oregon

Posts: 9,966

Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by mrken30

Do you keep left over sterling? Do you change your pounds back to dollars when you get back to the US?
I know a few people that convert their left over foreign currency at the airport.

Yep I got about £30 left from my trip this month. I can assure you I have no intention of flying to Heathrow to change it to dollars by walking up to a currency exchange. I'll take it with me next time I fly to the UK, I certainly would waste money at an airport exchange. If I was that stupid I could save the airfare by driving to PDX and changing it there.

Jun 27th 2016, 5:38 pm

#101

Pulaski

Joined: Dec 2001

Location: Dixie, ex UK

Posts: 52,448

Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by mrken30

..... I know a few people that convert their left over foreign currency at the airport.

Maybe you should get some smarter friends?

Jun 27th 2016, 5:40 pm

#102

mrken30

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Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by Pulaski

Maybe you should get some smarter friends?

There are limited options for changing the money you haven't spent. My other friends just buy Whisky to use up their spare cash.

Jun 27th 2016, 5:44 pm

#103

sir_eccles

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Re: The £/$ fall to 1.33 in the wake of the referendum.

Arguments that Heathrow is the worst place to change currency aside...

I don't see anything that Osborne has said (or anyone else for that matter) that will calm the markets any time soon. There may be a point where you'd be grateful to get 1.12.

Jun 27th 2016, 5:48 pm

#104

mrken30

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Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by sir_eccles

Thats true, it may have been the case that they were paying over $1.32 last week at Heathrow. In that case it would have been wiser to change what you had than hanging onto it.

The markets have had a day or so to settle from the initial shock and things are not improving. How long will this shock last?

Jun 27th 2016, 5:52 pm

#105

Pulaski

Joined: Dec 2001

Location: Dixie, ex UK

Posts: 52,448

Re: The £/$ fall to 1.33 in the wake of the referendum.

Quote:

Originally Posted by sir_eccles

Well Merkel and the EU seem hell bent on taking a difficult situation and making it as bad as they possibly can. If they have the best interests of their own countries at heart, never mind the whole of Europe and the global economy, they really need to put their pride aside and make things as smooth as possible. Refusing to discuss anything at this point is just idiotic. .... What are they expecting - allow the global economy to go into a tailspin for three months until Cameron steps down and someone triggers Article 50?

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