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Sterling vs Euro?

Travel Forums General Talk Sterling vs Euro?

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11. Posted by tway (Travel Guru 7273 posts) 7y

Quoting james

The weak pound will make imports into Britain more expensive and British exports less expensive to foreign purchasers. This will strengthen the British economy and make the pound stronger. This will make imports into Britain less expensive and British exports more expensive to foreign purchasers. This will weaken the British economy and make the pound weaker. The weak pound will make imports into Britain more expensive and British exports less expensive to foreign purchasers. This will strengthen the British economy and make the pound stronger.

What are you, some kind of accountant?
;)

12. Posted by Utrecht (Moderator 5596 posts) 7y

Quoting tway

Quoting james

The weak pound will make imports into Britain more expensive and British exports less expensive to foreign purchasers. This will strengthen the British economy and make the pound stronger. This will make imports into Britain less expensive and British exports more expensive to foreign purchasers. This will weaken the British economy and make the pound weaker. The weak pound will make imports into Britain more expensive and British exports less expensive to foreign purchasers. This will strengthen the British economy and make the pound stronger.

What are you, some kind of accountant?
;)

More like a google or wikipedia searching expert

13. Posted by James1986 (Budding Member 4 posts) 7y

Hey,

I was working in Ireland, but have since moved back home to London. I'm going travelling in Feb 2009, but still have 4 thousand Euro's in my Irish account.

Given the current Euro/Sterling exchange rate, would is my best option? To exchange into pounds now? Or just leave it in my Irish account and withdraw while travelling?

Please help!!

Cheers,

James

14. Posted by Peter (Admin 5807 posts) 7y

Quoting James1986

Given the current Euro/Sterling exchange rate, would is my best option? To exchange into pounds now? Or just leave it in my Irish account and withdraw while travelling?

Well, the current exchange rate is good for you in historical terms, so you have a lot to be happy about.

Whether it gets better or worse in the future is anyone's guess. If we knew the answer to that with certainty, we could all be millionaires :)

Personally, I'd cash in on what is a good situation and keep it in the currency you will be needing for the foreseeable future. At least you don't have to watch the exchange rates so closely then. If you will be needing Euros in the near future though, then I'd keep some in that currency as well. But really, up to you and don't hold it against me if the exchange rate drops further.

15. Posted by james (Travel Guru 4136 posts) 7y

Quoting Utrecht

Quoting tway

Quoting james

The weak pound will make imports into Britain more expensive and British exports less expensive to foreign purchasers. This will strengthen the British economy and make the pound stronger. This will make imports into Britain less expensive and British exports more expensive to foreign purchasers. This will weaken the British economy and make the pound weaker. The weak pound will make imports into Britain more expensive and British exports less expensive to foreign purchasers. This will strengthen the British economy and make the pound stronger.

What are you, some kind of accountant?
;)

More like a google or wikipedia searching expert

Nah, this is first year economics stuff!

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