XE 1 EUR = 0.964134 GBP

Toiletroll

Woot!... Just bought myself a terrabyte drive for 93 euros inc VAT... Lovely exchange rate today!

How long do you think it will take to be par? I'd say if this trajectory continues we will see it before the end of jan.

My employer is a UK company. I guess they wont like the exchange rates. We are costing them a lot more now than 6 months ago!

On the positive side, we can save some money buying in the UK.

Negatively our own exports and consumage will be fcuked!

Terrontress

I'm sure there is a feel good factor in terms of buying consumer items at 70% or less of what they cost in the summer but the weakened sterling will not do the economy any good. 50% of Irish exports are to the UK, the VAT take in areas within an hour of the border will have dropped massively and the Northern drivers have stopped crossing the border to buy petrol and diesel.

The novelty of 24 cans of Guinness for €15 will wear off.

nobodythere

Terrontress wrote: »

I'm sure there is a feel good factor in terms of buying consumer items at 70% or less of what they cost in the summer but the weakened sterling will not do the economy any good. 50% of Irish exports are to the UK, the VAT take in areas within an hour of the border will have dropped massively and the Northern drivers have stopped crossing the border to buy petrol and diesel.

The novelty of 24 cans of Guinness for €15 will wear off.

STFU noob

niceirishfella

Toiletroll wrote: »

How long do you think it will take to be par? I'd say if this trajectory continues we will see it before the end of jan.

I think when the marketsw re-open properly and traders return from their xmas break, parity will be on the cards.
The euro then will go a long long way in the uk.
Think I'll take the missus on a nice weekend away in london!

kelle

My brother recently started a job in UK, but is finding the exchange rate a nightmare as he is paying off a e20000 BOI student loan - which he took out when the sterling was strong so it didn't go a long way for him then!!!
OTOH, I am visiting him next month and can't wait to go shopping!

m83

Wooo! This is great in terms of going over to the UK to see football matches. Also great for someone like me who buys a ton of stuff on ebay, i used always avoid the pound but that's all about to change.

Terrontress

grasshopa wrote: »

STFU noob

I wouldn't know what you are talking about mate.

steviec

kelle wrote: »

My brother recently started a job in UK, but is finding the exchange rate a nightmare as he is paying off a e20000 BOI student loan - which he took out when the sterling was strong so it didn't go a long way for him then!!!
OTOH, I am visiting him next month and can't wait to go shopping!

I'm in the same position right now, the exchange rate is killing me. And I'd turned down a job in Ireland in Summer too, which was roughly the same wages as my current job at the time, I'd be earning so much more now though if I'd taken it. I really hope the sterling bounces back soon but there's no sign of it happening.

m@cc@

The thing is though, the Euro isn't out of the woods yet. The true effects of a recession won't be felt unti June/July time. Until then though, happy days.

Tech3

Obviously its bad for the economy with less tax intake for the government but if its cheaper for an individual to take a hour journey over the border why not. We are always encouraged the shop around.

However little towns like sligo now are starting to suffer for it. Many shops are rumored to be closing shortly as goods are a lot cheaper just under an hour away at enniskillen.

PeakOutput

i reckon this is temporary and the sterling will recover

it wont go back to 60-70pa euro though like it was i imagine it will hover in the mid 80's after just breaking threw parity but then i know nothing

and its not just because consumers are going to the north to buy stuff that makes this very very bad

our biggest export destination is the uk and this is making our exports very very expensive for them all of a sudden which means they will look elsewhere and irish jobs will be lost

m@cc@

PeakOutput wrote: »

our biggest export destination is the uk and this is making our exports very very expensive for them all of a sudden which means they will look elsewhere and irish jobs will be lost

That depends on the products, as it may make raw materials cheaper and therefore exporters may be able to offer competitive prices.

Morrisseeee

I read somewhere recently that the UK are 'bumping' up their prices in the new year, ie. by 20% or so. So......take the bargains when you can !!!

m@cc@

Morrisseeee wrote: »

I read somewhere recently that the UK are 'bumping' up their prices in the new year, ie. by 20% or so. So......take the bargains when you can !!!

Don't know your source, but that's the last thing that UK retailers will want to do at this time.

steviec

Morrisseeee wrote: »

I read somewhere recently that the UK are 'bumping' up their prices in the new year, ie. by 20% or so. So......take the bargains when you can !!!

Whatever about exchange rates, British retailers make most of their sales to British people. And nobody's getting a 20% salary jump so I don't see how they can bump up their prices like that.

Certainly imported goods are going to get a bit more expensive but in general the weak sterling can't impact on prices too much because nobody will be able to afford to buy anything.

copacetic

Morrisseeee wrote: »

I read somewhere recently that the UK are 'bumping' up their prices in the new year, ie. by 20% or so. So......take the bargains when you can !!!

you 'read' somewhere that the 'UK' is 'bumping' up their prices by 20%? Jeepers you would have thought they would have kept it quiet.

I read somewhere that there is a mod conspiracy and all AH idiot posters will be 'bumped' off in the new year. Get some posts in while you can.

Time Magazine

Morrisseeee wrote: »

I read somewhere recently that the UK are 'bumping' up their prices in the new year, ie. by 20% or so. So......take the bargains when you can !!!

http://www.rte.ie/business/2008/1216/britain.html wrote:

Earlier, Bank of England Governor Mervyn King told the British government the country's inflation rate could fall below 1% next year. His letter to the government was to explain why prices were rising by more than double the official target.

Are you mixing up "less than 1%" with "20% or so" again?

I do it all the time.

Morrisseeee

Jeepers, everyone's a comedian all of a sudden.
I was just trying to give general advice, as I was reading an article about electronic devices (etc) and that their prices are going to be revised in the new year as the current exchange rate is 'gone awol'. 20%.....mmmm...well maybe !

ongarite

Morrisee is correct. Electronics prices are going to go up significantly for Japanese, Asian sourced products.
Sterling has lost 40% of its value Vs yen in the last year causing Sony, Panasonic to make a loss on every product made even before they are sold.
Sony have already come out and said prices are going up in '09.

kaisersose77

yep read the same in a few places as I'm checking out new tv's to buy

if sterling is gone to crap then the manufacturers are going to want more money for there products

example here

http://whathifi.com/Review/Yamaha-RX-V1900/

Yamaha amplifier is £900 now

"However, one note of warning: Yamaha is planning to raise the price of the RX-V1900 to £1000 from January 1st 2009 as we reported here, so if you want to get one at £900, you'd better move fast."

Think I read Sony will be doing the same thing. So any new tv model's that are released will probably cost a lot more in sterling than people think.

So now is the time to buy!


And probably why there are so many bargains with dixons, currys etc atm. There making money while they can, as new stock is going to be a lot dearer.

Time Magazine

If Sony and Panasonic think they can profitably raise prices by 20% in the current economic climate they're mad.

Preset No.3

xe.com may quote 96p to the euro, but try going into a bank and see what rate you get. My local PTSB was quoting 91p to the euro, then there is the commission charge as well.

phasers

I was in Dunnes earlier and I think they were giving 94p to the euro

copacetic

Preset No.3 wrote: »

xe.com may quote 96p to the euro, but try going into a bank and see what rate you get. My local PTSB was quoting 91p to the euro, then there is the commission charge as well.

when exactly? the rate was 94.5 last week and BOI were offering 93. You should be able to get with 1.5 or 2 pence of the rate, you would have to be an idiot to take a rate like PTSBs.

Sangre

Preset No.3 wrote: »

xe.com may quote 96p to the euro, but try going into a bank and see what rate you get. My local PTSB was quoting 91p to the euro, then there is the commission charge as well.

If you buy with a credit card you'll get an excellent exchange rate.

m5ex9oqjawdg2i

Bad for economy,

Good for consumer.

Preset No.3

Sangre wrote: »

If you buy with a credit card you'll get an excellent exchange rate.

I always was told the credit card exchange rate was crap.

Savman

Kenny Tight Sparkler wrote: »

Bad for economy,

Good for consumer.

Kinda contradicting statements dontcha think? Without consumers, there's no economy anyway.

Ckal

Is this bad for the UK economy? If so, can't they just devalue their currency?

Biggins

Preset No.3 wrote: »

I always was told the credit card exchange rate was crap.

I use mine frequently on the net and haven't noticed a dramatic difference.
(although there might be indeed a rip-off! I hope not.)

m@cc@

Ckal wrote: »

Is this bad for the UK economy? If so, can't they just devalue their currency?

wtf are you talking about?

Agent Smith

Terrontress wrote: »

The novelty of 24 cans of Guinness for €15 will wear off.

DONT YOU DARE SAY THAT`!

Sangre

Preset No.3 wrote: »

I always was told the credit card exchange rate was crap.

no, set by either visa or mastercard so very good value.

corporate visa gives 96p to the euro as of today. didn't look for consumer one, might be slightly lower.

niceirishfella

Ckal wrote: »

Is this bad for the UK economy? If so, can't they just devalue their currency?

What the uk gov is doing is controlling their currency direction and the lowering of VAT and interest rates is representative of that.A key effect of where sterling is Cheap now against Euro is that Firstly, it makes the UK's exports relatively less expensive for us foreigners. Second, it makes foreign products relatively more expensive for domestic consumers in the UK, thus discouraging imports (bad news for us here exporting to the uk). This may help to increase the country's exports and decrease imports, and may therefore help to reduce the pain they have in employment and tax revenues etc.
The Uk gov know exactly what they are doing - and they are doing it better in a crisis than our Government tbh.

Shanegggg

Exactly what niceirishfella said!

The UK knows it can't rely on its financing sector at the moment, so its moving to production and selling goods.

Reducing the vat and interest means people like us will be enticed by the low prices and buy from UK businesses(in sterling), thus bringing more money into the UK economy.

Basically the complete opposite of what our government is doing!!

Quazzie

Just been on Play.com there trying to buy something that was £23.99 and it wouldn't let me have the sterling price as my delivery address is outside the UK. When I checked the Euro price it was €40.00..:eek::eek:

I'm tempted to send them a link to this thread the bastards:mad::mad:

Terrontress

Agent Smith wrote: »

DONT YOU DARE SAY THAT`!

Well, what I mean is that it will become the norm. Booze is still expensive when compared to every-day items. It's just compared to ROI it is cheap in NI.

People will get used to paying the cheaper prices and then start to complain again.

UK Guinness production was moved from Park Royal in London to St. James' Gate so I wouldn't be surprised if UK Guinness prices increase sharply.

GBX

Q2002 wrote: »

Just been on Play.com there trying to buy something that was £23.99 and it wouldn't let me have the sterling price as my delivery address is outside the UK. When I checked the Euro price it was €40.00..:eek::eek:

I'm tempted to send them a link to this thread the bastards:mad::mad:

Play.com's rate has been way off for months. Theres a few threads on here complaining about it. They do have some bargains but there rate difference is ridiculous.

Daysha

Q2002 wrote: »

Just been on Play.com there trying to buy something that was £23.99 and it wouldn't let me have the sterling price as my delivery address is outside the UK. When I checked the Euro price it was €40.00..:eek::eek:

I'm tempted to send them a link to this thread the bastards:mad::mad:

Thats why I much prefer HMV. No set exchange rate and just as good a selection as Play.

Rabies

As good as the exchange rate, I'm on the other end.
Earning NZ$ and trying to send money back to pay of loans is a bitch! I'm sure I'm not the only one

df1985

when are the british stores here going to finally adjust their prices with the exchange rate?got shoes in burton for 30euro but the sterling price was only 20! eally annoys me to see the british price way lower than the irish price.

Biggins

Q2002 wrote: »

Just been on Play.com there trying to buy something that was £23.99 and it wouldn't let me have the sterling price as my delivery address is outside the UK. When I checked the Euro price it was €40.00..:eek::eek:

I'm tempted to send them a link to this thread the bastards:mad::mad:

Thats mad.

When I see things like that and I have no other avenue to get it at the same near price, I get the seller to send it to a friend in England, he having bought it at the sterling price for me. I then refund any money owed to him (plus a few quid for a drink or two).

WoollyRedHat

Q2002 wrote: »

Just been on Play.com there trying to buy something that was £23.99 and it wouldn't let me have the sterling price as my delivery address is outside the UK. When I checked the Euro price it was €40.00..:eek::eek:

I'm tempted to send them a link to this thread the basterdstards:mad::mad:

game.co.uk is your friend.

So is Blockbuster.co.uk

Ruu_Old

Q2002 wrote: »

Just been on Play.com there trying to buy something that was £23.99 and it wouldn't let me have the sterling price as my delivery address is outside the UK. When I checked the Euro price it was €40.00..:eek::eek:

I'm tempted to send them a link to this thread the bastards:mad::mad:

This thread will make you cry. Apparently £137.99=€499.99.

Biggins

Ruu wrote: »

This thread will make you cry. Apparently £137.99=€499.99.

Wow, and I though the other was bad!

galwayrush

Shanegggg wrote: »

Basically the complete opposite of what our government is doing!!

Now i am really worried about the gob****es we have in charge.:rolleyes:

Piste

Thanks for posting this! Because of this wonderful little nugget of info that the sterling is so weak I'm getting desperate housewives season 2 off ebay for 15 quid

Toiletroll

Piste wrote: »

Thanks for posting this! Because of this wonderful little nugget of info that the sterling is so weak I'm getting desperate housewives season 2 off ebay for 15 quid

I got that bad boy off the 'nova

techie

While the rate is this good anyone looking for tyres head over to www.camskill.co.uk to get some great bargains

I've just ordered 2 x 215/45 17's for my car and it cost £130 incl. delivery for Falken FK452 tyres !!

antodeco

techie wrote: »

While the rate is this good anyone looking for tyres head over to www.camskill.co.uk to get some great bargains

I've just ordered 2 x 215/45 17's for my car and it cost £130 incl. delivery for Falken FK452 tyres !!

Id thank you if I wasnt on mobile! Needing 2 fronts (215/45/17 eagle f1s) and looking at 300 fitted! Whos putting them on for you?

techie

antodeco wrote: »

Id thank you if I wasnt on mobile! Needing 2 fronts (215/45/17 eagle f1s) and looking at 300 fitted! Whos putting them on for you?

Local tyre place for me in West Cork are €5 per corner !!