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Sterling taking a nosedive against euro

  • 16-08-2016 8:06am
    #1
    Johngoose
    Closed Accounts Posts: 1,066 ✭✭✭


    87p for every euro.This could be great for holidays to u.k. or buying from u.k. websites. Hopefully it will fall more.


Comments

  • #2
    Louche Lad
    Registered Users, Registered Users 2 Posts: 1,095 ✭✭✭Louche Lad


    Though it means there's a problem with the UK economy, which then affects the Irish economy.


  • #3
    Johngoose
    Closed Accounts Posts: 1,066 ✭✭✭Johngoose


    Louche Lad wrote: »
    Though it means there's a problem with the UK economy, which then affects the Irish economy.

    I hope property prices fall here and make buying a house more achievable.Rents and house prices already falling in England.


  • #4
    Johngoose
    Closed Accounts Posts: 1,066 ✭✭✭Johngoose


    House prices and rents won't go up in Ireland forever.It is eight years since the economic crash,once we hit the 10 year mark another recession likely.American politics,random Islamic State attacks and banking crises in countries like Italy will all take their toll.Ireland can't continue to buck every trend.


  • #5
    ScouseMouse
    Closed Accounts Posts: 5,070 ✭✭✭ScouseMouse


    Johngoose wrote: »
    I hope property prices fall here and make buying a house more achievable.Rents and house prices already falling in England.

    If anything, it will be the opposite. If multinationals move to Ireland to stay in the EU, prices will shoot up.


  • #6
    Eponymous
    Registered Users, Registered Users 2 Posts: 1,374 ✭✭✭Eponymous


    Not long back from holiday in Cornwall and London. Extra few quid gained on the exchange rate came in handy, probably paid for a dinner and beers one night, but it's hardly trader-level gains!


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  • #7
    coylemj
    Registered Users, Registered Users 2 Posts: 25,622 ✭✭✭✭coylemj


    It will probably harden prices for hotels in popular UK destinations as the prices will be more attractive to overseas tourists and more UK people are likely to take a 'staycation' because their pound will be worth less when they travel abroad so don't expect London hotel prices to go down any time soon!

    Good for us when buying from Amazon UK or nipping up to Sprucefield or the outlet in Banbridge - bad for Irish firms exporting to the UK.


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