Wendy Nesbeth

€ to £ 1.50 plus & rising

Great news for anyone changing money.

Wendy x

Fred James

But not for anyone with a UK mortgage! The unexpected UK interest rate rise is what is driving the exchange rate.

Beachcomber

Despite the continued rise in interest rates my offshore UK bank has recently reduced the rates for savers.

Although they will not admit it this is because they are now unable to impose realistic penalties and interest on people who allow their accounts to go overdrawn and I and people like me are having to pick up the tab.

Another example of everyone being dragged down the the level of the irresponsible plebs who are unable to run their own lives.

I shall have to play the exchange rate game again to make up for it.

mikelincs

Nice for my pension as it's automatically sent over here.

Lionda

We were quoted £146.16 this morning so this certainly good news We are looking to change a large amount into euros so hope the rate is still good on Monday

jdr

Dont you get less euros for your stirling ?

jdr

When they did away with these it was a licence to print money for all the business`s

mikelincs

No, if it has gone from 1.46€ to the pound to 1.50€ then it means I get 150€ instead of 146€ for every pound, that unless I´m getting denser in my retirement, means I get more money from my pension as it is paid in £ sterling

malagaman

That is a very good rate but is that what you've been quoted for exchange? or is this the rate shown on the money markets which is not what you would get on a transaction

jdr

Right, just confused the way it was written at the beginning.

Should be Pound to 1.5 euros + rising, or am I confused ;-)

Fred James

It's the highest it has been for 3 years.

For those of you old enough to remember the Peseta, today's rate is about 252 ptas/£

mikelincs

hope most certainly it isn't the other way round, otherwise we're in for a load of trouble.:scared: :scared: :scared:

jdr

Here.