Sterling/Euro predictions

naughtysmurf

I've two options as regards booking the exact same holiday, the total euro amount is €4701, the total Sterling amount is £3608
Deposit now, balance due May 2018
Is it a complete no brainer to book via the UK?
Thanks

Negative_G

naughtysmurf wrote: »

I've two options as regards booking the exact same holiday, the total euro amount is €4701, the total Sterling amount is £3608
Deposit now, balance due May 2018
Is it a complete no brainer to book via the UK?
Thanks

Complete no brainer. Book it the UK. Even if the rate slips to 84/85p again you'll still save hundreds.

Find a way to avoid credit card and foreign exchange fees such as Revolut or even a sterling bank draft.

coylemj

Negative_G wrote: »

Complete no brainer. Book it the UK. Even if the rate slips to 84/85p again you'll still save hundreds.

+1 hard to see why you wouldn't go with that sterling number.

Even if you get landed with a 2.5% FX surcharge by your credit card company, it would still be an effective rate of 0.7867 which sterling has not gone anywhere close to since the Brexit referendum.

At yesterday's ECB quoted rate of 0.87635 and allowing for a 2.5% uplift if you pay by credit card, GBP 3,608 will cost you EUR 4,220 which is a saving of almost €500. No way will sterling move sufficiently to close that gap before your holiday in 2018.

CFC007

Ahead of the BOE announcement tomorrow GBP has been strengthening. Would you recommend to buy now or hold off as the Pound might start to weaken once more?

Fred Swanson

This post has been deleted.