Anything in sterling [Brexit discussion]

Skerries

jma wrote: »

I almost bought it, but I want Marshmallow...

no time to eat there are phones to be bought!

but seriously can't you mod it after purchase?

jma

Skerries wrote: »

no time to eat there are phones to be bought!

but seriously can't you mod it after purchase?

I could but I don't like to root my phones. I'm not in a mad rush, so I decided to sit on it and see what happens re. Marshmallow and the announced S9. Although, I'm sure the S9 will be a lot more expensive.

** Sit on it, metaphorically speaking

jonerkinsella

Sterling is plummeting lads .The brits are voting out.

��

Tinie

jonerkinsella wrote: »

Sterling is plummeting lads .The brits are voting out.

��

lol relax there

Remain will probably win out overall.

KCAccidental

Tinie wrote: »

lol relax there

Remain will probably win out overall.

looking like leave likely to win. Sterling dropping like a stone.

KCAccidental

jma

Tinie wrote: »

lol relax there

Remain will probably win out overall.

It ain't lookin' good...

Its dead Jim

jma wrote: »

It ain't lookin' good...

As someone who is saving over 100 euro on an order it looks great to me.

Monotype

Macy0161 wrote: »

Whats the time lag for the exchange rate to be reflected on Amazon and/or for consumers with the bank?

Pay with your credit card in sterling and you'll get current bank rates.

JimsAlterEgo

Monotype wrote: »

Pay with your credit card in sterling and you'll get current bank rates.

as in todays or a few days time when the CC company process the transaction

Akula

Sterling has taken a tumble this morning. The bank of England will likely step in at some point - but in the meantime there are some bargains to be had!

bennyx_o

Most rates aren't provided by the banks themselves, but go by the daily rate set by Visa or Mastercard.

Flippyfloppy

What will happen to buying from the Uk? Will anything be different now they're not in the EU, customs etc?

68 lost souls

Flippyfloppy wrote: »

What will happen to buying from the Uk? Will anything be different now they're not in the EU, customs etc?

Not going to have an effect for 2 years

JimsAlterEgo

https://www.visaeurope.com/making-payments/exchange-rates

Note
1.Rates apply to the date the transaction was processed by Visa; this may differ from the actual date of purchase.

Flippyfloppy

68 lost souls wrote: »

Not going to have an effect for 2 years

Tg for that


Back to sterling , I got a refund of £69 last Monday into my bank account, got €90 for it. Online converters are showing same rate today? Are they not updated yet or am I missing something?

GM228

bennyx_o wrote: »

Most rates aren't provided by the banks themselves, but go by the daily rate set by Visa or Mastercard.

Payments via PayPal on the other hand are based on the exchange rate at the time of payment and changed to € before processing guaranteeing you the rate at the time of payment instead of the rate by Visa/Mastercard at the time of processing.

horse7

Xe.com is down. An post is showing rates for yesterday.

machalla

horse7 wrote: »

Xe.com is down. An post is showing rates for yesterday.

xe was working earlier this morning. Must be getting hammered today. Like Sterling.

Keith186

Exchange rate is £1=€1.10 on FX Street. On the visa app to check what rate applies to your card it's still €1.31.

Might have to wait until later or tomorrow for full benefit?

Keith186

Checked Amazon's rate and it's €1.289 which is the first time I've ever seen it offer a better one than the visa card. Still poor though, hopefully they'll update soon.

o1s1n

Keith186 wrote: »

Exchange rate is £1=€1.10 on FX Street. On the visa app to check what rate applies to your card it's still €1.31.

Might have to wait until later or tomorrow for full benefit?

God damn it you're right! I should have waited a couple of days before buying that new watch on Amazon :eek:

jonerkinsella

I might get me one of them Revolut cards now.

Xe has crashed . lol.

It's a good day to be alive

Digitalism

jonerkinsella wrote: »

I might get me one of them Revolut cards now.

Xe has crashed . lol.

It's a good day to be alive

Enjoy it while it lasts as it won't be such a "good day to be alive" when we have to trade through a hostile UK in two years and customs come into play.

Kenjataimu

o1s1n wrote: »

God damn it you're right! I should have waited a couple of days before buying that new watch on Amazon :eek:

You can cancel before it gets dispatched with Amazon. (if it's not too late)

jonerkinsella

I might just default back to my plan A again . I was planning to head up North and buy another car at the latter end of this year if the exchange rate was good. I bought my current car in October 2 yr ago up there . I saved nearly €3k on a C-max at the time compare to down here.

Time to start looking again I think.

Yayyyy...Happy Brexit day.

my3cents

I'm not so sure there will be the massive bargains that some people seem to be expecting. The pound will drop in value but because of the potential for disruption of the EU the euro may also drop.

.G.

I bought something a few weeks ago on revolut and it exchanged as 844. Today it's 815.

On the downside UK retailers are pushing prices up to compensate cos it costs them more to buy stock.

groom

Keith186 wrote: »

Exchange rate is 1= 1.10 on FX Street. On the visa app to check what rate applies to your card it's still 1.31.

Might have to wait until later or tomorrow for full benefit?

Which Visa app is this? Never knew there was a way to see what realtime fx rate Visa were using. Bit of a revelation for me

Keith186

https://play.google.com/store/apps/details?id=com.monitise.mea.vetravel

Bob24

Is there a lag on visa/mastercard rates (closure on previous day or something like that), or do they reflect intra-day changes ?

VincePP

Too many people are sucked in by second rate media commentary. The world has not ended, the markets will always work back to fundamentals and the UK economy is strong and will not weaken much.

If Britain voted remain, sterling would have moved to about 75p / 1.33. Now that they have voted out it looks to be settling at 80p / 1.25 - about the same as it was a couple of weeks ago and similar to what it was in February.

Here's your real time rate http://finance.yahoo.com/quote/EURGBP%3DX/news

Amouar

Keith186 wrote: »

Exchange rate is £1=€1.10 on FX Street. On the visa app to check what rate applies to your card it's still €1.31.

Might have to wait until later or tomorrow for full benefit?

Seems like i missed the 1.10 rate it now back to 1.25

Benzino

JimsAlterEgo wrote: »

does not compute, you still have to buy the voucher today(apologies if I am misisng somethign obvious) !!

An example: Today you purchase a game not out till 20th November, Amazon won't charge you till about the 20th November, and they will use the exchange rate of the 20th of November, and not the exchange rate of today.

This applies for credit/debit cards at least, as mentioned above I don't think this applies for Paypal.

VincePP

Amouar wrote: »

Seems like i missed the 1.10 rate it now back to 1.25

It never went anywhere near 1.10. GBP/Eur hit a low of 1.21 for about 5 minutes at 5.24am.

Keith186

Amouar wrote: »

Seems like i missed the 1.10 rate it now back to 1.25

Actually I think that's a mistake I posted initially. Looks to be the $ exchange rate. Apologies!

Lord Nikon

horse7 wrote: »

Xe.com is down. An post is showing rates for yesterday.

XE is working, just not for Sterling rates.

VincePP

Bob24 wrote: »

Is there a lag on visa/mastercard rates (closure on previous day or something like that), or do they reflect intra-day changes ?

Credit cards now use "spot rates" + a margin for almost all transactions as most transactions are made in real time.

In a case where transactions are recored bu only uploaded at the end of a day, then the closing rates apply - but this would be quite unusual these days.

snubbleste

Oú est le bargain?

Blade

Live exchange rates here: https://www.oanda.com/currency/live-exchange-rates/

Gold and Silver went up as expected, live rates here: https://www.bullionvault.com/silver-price-chart.do

So should i be rushing to the north to do the shopping or not

Johnny_Fontane

If ever you needed your revolut card, its now!

actually tracked the price this morning on their app to see where its going.

223vmax

Deleted User wrote: »

So should i be rushing to the north to do the shopping or not

Its all relative....its only down approx 5c per € over last few months...Unless your spending 000's its a waste of time.

Tinie

Deleted User wrote: »

So should i be rushing to the north to do the shopping or not

Unless you want to save a few quid, then no.

Bad media outlets are spinning this that the pound is diving when it is, but relatively only a few pence down. Its nothing like years ago when it dropped.

seamus

I'd wait till Monday before buying anything. Your credit card provider likely won't update their GBP exchange rates until the end of the today.

VincePP

seamus wrote: »

I'd wait till Monday before buying anything. Your credit card provider likely won't update their GBP exchange rates until the end of the today.

utter rubbish. Maybe 20 years ago that was the case. Everything is done in real time these days.

Rates are nothing to do with nay "provider" rates are set by visa / mastercard themselves. Providers may charge an additional fee which is in their terms and conditions.

mrcheez

Revolut are using the latest exchange rate. I've already made 2 orders on Amazon.co.uk at 8am this morning (had items I was waiting to buy until the sterling plummeted, as I predicted).

Saved about €15 on what it would have cost me yesterday.


Eyeing a new PS4 too...

Bob24

seamus wrote: »

I'd wait till Monday before buying anything. Your credit card provider likely won't update their GBP exchange rates until the end of the today.

That was my impression as well.

And which way do people think the pound is heading next week? I don't think it is crazy to think it could drop further down?

JimsAlterEgo

https://www.visaeurope.com/making-payments/exchange-rates

Note
1.Rates apply to the date the transaction was processed by Visa; this may differ from the actual date of the transaction.

and in the case of amazon you are not charged until its shipped so processing at the earliest would be that day (you can buy and use a voucher to lock in today as shipping day).

muloc

is it cheaper to take money out of ATM in UK using debit or credit card?

Monotype

I think that withdrawing from an ATM using a credit card usually incurs cash demand fees, so the debit card is likely to be cheaper, assuming that you have money in the account. Could depend on the bank/card.