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Author Topic: Pound Euro  (Read 1950 times)

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Offline kevinb

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Pound Euro
« on: December 13, 2019, 09:48. »
Well after the election result i've seen 1.1875 euros to the pound.
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Offline masmu

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« Reply #1 on: December 13, 2019, 18:27. »
Yes Kevin.  Bank rate was at 1.20 at one point.  Great if you're buying - not so good if you're selling, but more spending money when you're there.
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Offline kevinb

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« Reply #2 on: December 13, 2019, 19:05. »
Good for UK pensioners living in Spain and being paid in Sterling
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Offline Maricia

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« Reply #3 on: December 13, 2019, 20:44. »
Improving but we based our retirement on the average 1.50 back in 2005 which we once received on average, and not as good as the 1.62 when we signed for our property in 2002.

BW

Maricia
« Last Edit: December 13, 2019, 20:46. by Maricia »
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Offline wilson

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« Reply #4 on: December 15, 2019, 18:53. »
Since the euro started we’ve had highs of 1.50 and lows of 1.02 with everything in between, some bought at 1.50 and sold at 1.02 with the conversion made a profit. My advice to any new buyer is only buy what you can afford and don’t rely on exchange rates to fund retirement if the sums are tight.
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Offline masmu

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« Reply #5 on: December 15, 2019, 21:34. »
Good advice Wilson
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Offline wilson

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« Reply #6 on: December 18, 2019, 09:10. »
The only people that do well are the currency traders who spend half the day pushing the rate up then the next part pushing it down to make a profit, then repeating the process every day. Unfortunately us mortals are just along for the ride.
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