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Anything in sterling [Brexit discussion]

1246

Comments

  • Registered Users, Registered Users 2 Posts: 7,555 ✭✭✭Ave Sodalis


    VincePP wrote:
    So the financial markets are totally wrong as are the currency traders as are all the REAL TIME charts and you are right?

    Is there any need for the snarkiness? I work a Post Office, I'm telling you the rates we get from the head office. Not the ones I make up. Good gosh...


  • Registered Users, Registered Users 2 Posts: 2,460 ✭✭✭StaticNoise


    Let us all move along.

    An Post have a certain rate.
    Other traders have a higher rate.
    Some charge commission.
    Some don't, but factor it in.

    Let us all move along.


  • Closed Accounts Posts: 3,006 ✭✭✭_Tombstone_


    Let us all move along.

    An Post have a certain rate.
    Other traders have a higher rate.
    Some charge commission.
    Some don't, but factor it in.

    Let us all move along.

    live-long-and-prosper-funny-cats.jpg


  • Registered Users, Registered Users 2 Posts: 2,250 ✭✭✭biebiebie


    Sorry if it's been mentioned already.

    Has anyone noticed that Amazon raised prices after the results was announced?

    I was checking some items on Thursday and they all increased on Friday by minimum 11% plus.

    Coincidence or what?

    I advise you to use camelcamelcamel to check prices to ensure you're getting the bargain you think you're getting.


  • Moderators, Motoring & Transport Moderators, Technology & Internet Moderators Posts: 24,122 Mod ✭✭✭✭bk


    I'm commenting because people are getting carried away with a 6% drop and believing reporters quoting 30 year sterling low when in actual fact the euro has also dropped

    This big time, people don't understand that the major drop was on sterling versus the dollar. The euro has also dropped, so their is little change between sterling and euro.

    I've friends who were getting all excited about mad shopping sprys in the UK until I had to explain this to them.

    Now if you have dollar to convert to sterling, then there is some very nice money to make.
    biebiebie wrote: »
    Has anyone noticed that Amazon raised prices after the results was announced?

    I was checking some items on Thursday and they all increased on Friday by minimum 11% plus.

    Coincidence or what?

    No, no change on anything in my basket or any item that I had been keeping an eye on. Good advice on using camelcamelcamel. There are plugins for it for various web browsers to make it easier.


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  • Registered Users, Registered Users 2 Posts: 10,161 ✭✭✭✭M5


    This idea you'll save a ton now is being peddled by the same folk who queue for half an hour to beat a 10c increase in petrol prices on budget night.


  • Registered Users, Registered Users 2 Posts: 10,886 ✭✭✭✭Bob24


    M5 wrote: »
    This idea you'll save a ton now is being peddled by the same folk who queue for half an hour to beat a 10c increase in petrol prices on budget night.

    Yeah, if you look at the GBP/EUR exchange rate in the past few months the current value is on the lower end of the spectrum but not crazy low. The next few days/weeks might bring further drops though.

    24c9xxc.png


  • Closed Accounts Posts: 7,540 ✭✭✭Special Circumstances


    Ill admit I thought/hoped we'd see a quick dash to the 2008/2009 one for one type rates.
    I bought some stuff last week when "leave" was at its peak... There really isn't a huge difference in the rate now versus then, not on online purchases. On a car or high value items yeah... but still a little disappointing consider all the furore.


  • Registered Users, Registered Users 2, Paid Member Posts: 31,467 ✭✭✭✭Ghost Train


    You do need to look at it in slightly longer terms than just drop from day to day.
    It is a significant saving buying now vs buying this time last year or even last November (if products price in sterling hasn't increased).


  • Closed Accounts Posts: 7,540 ✭✭✭Special Circumstances


    You do need to look at it in slightly longer terms than just drop from day to day.
    It is a significant saving buying now vs buying this time last year or even last November (if products price in sterling hasn't increased).

    You could pick any arbitrary time to make the current rate look better or worse value relatively.
    I'm just not all that excited about this yet, compared to 90p plus for average purchases. The kind you don't put off for years at a time.


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  • Registered Users, Registered Users 2 Posts: 626 ✭✭✭shardylan


    I booked a trip to Vegas for my mates 50th yesterday and managed to save €90 by booking on Expedia uk rather than .ie for the exact same trip .If you're looking for a holiday it's worth checking English site


  • Registered Users, Registered Users 2, Paid Member Posts: 31,467 ✭✭✭✭Ghost Train


    You could pick any arbitrary time to make the current rate look better or worse value relatively.
    I'm just not all that excited about this yet, compared to 90p plus for average purchases. The kind you don't put off for years at a time.

    Yes indeed but 90p plus rate you're looking at 2008-2010


  • Registered Users, Registered Users 2 Posts: 13,178 ✭✭✭✭TheDriver


    I bought something last night at 11pm and the visa rate charged is pre brexit


  • Registered Users, Registered Users 2 Posts: 14,877 ✭✭✭✭mrcheez


    biebiebie wrote: »
    Sorry if it's been mentioned already.

    Has anyone noticed that Amazon raised prices after the results was announced?

    I was checking some items on Thursday and they all increased on Friday by minimum 11% plus.

    Coincidence or what?

    I advise you to use camelcamelcamel to check prices to ensure you're getting the bargain you think you're getting.

    Hmm no didn't notice that. I had items in my basket on Thurs evening, decided to wait to see what happens re. brexit so got up at 8am, all prices were same but Revolut showed the total price in euro was €15 less than the price at 10pm the night before.


  • Registered Users, Registered Users 2 Posts: 8,004 ✭✭✭_Whimsical_


    Visa rate today including 1.5% conversion fee that is typical on most cards.

    1 Pound Sterling = 1.2632893000 Euro

    - Or -

    1 Euro = 0.7915843188 Pound Sterling

    Amazon rate including all conversion charges.
    1 GBP = 1.2776400242 EUR
    (includes all Amazon fees and charges)


  • Registered Users, Registered Users 2 Posts: 47,486 ✭✭✭✭muffler


    Monotype wrote: »
    Pay with your credit card in sterling and you'll get current bank rates.
    You obviously haven't used a credit card before :rolleyes:


  • Registered Users, Registered Users 2 Posts: 1,288 ✭✭✭ynwa_17


    Rate using Revolut app is 1.2186 for more savings!


  • Registered Users, Registered Users 2 Posts: 968 ✭✭✭Guru Maith Agut


    No point quoting people who are delighted about saving 6 cent, versus people who are berating the same people saying they are deluded if they think 6 cent is a massive saving. One thing is factual in all this however..

    Brexit happened yesterday lads. In ONE day, Sterling fell sharply (over 6 cent in Euro) against every currency around the world. FACT!

    The Euro also fell on world money markets but that is to be expected given what the rest of the world traders feel might cause upset across the EU. If Euro had not fallen, then there could have been a 10 cent swing in one day. That to anybody who deals in currency is a massive drop. FACT!

    If that can happen in one day, why would anybody think it was going to go back up come Monday? Sterling WILL drop further next week on more markets and in the weeks to come, despite the Bank of England threatening to prevent it worsening. They have no leverage now that their country has voted out and certainly not after their country decided to stick two fingers up to Europe and get a divorce.

    The Euro will stabilise against the dollar once the EU have proved the disdain shown by Jean Claude Junker toward the British and have pushed the buttons to eject them and cut the umbilical cord.


    So in a nutshell, if you are contemplating a sterling spend I would suggest you wait a few weeks yet as this could get far better than a 6 cent swing in your favour.



    Please bear one thing in mind though everybody. Every penny you spend across the border will hurt our economy. It will hrut shopkeepers down south when people flock across the border again to do weekly shops, spend hundreds or thousands on televisions etc.
    No hard border will be setup up quickly between the south and the north and customs officials will not suddenly start searching every single car/van/truck going either way over the coming weeks/months. They will continue to work as they have done up to now no doubt, but Northern Ireland will cause our country to loose money and suffer if sterling drops heavily.

    I'm all for saving a few quid and bagging a bargain, but buy Irish lads. ;)


  • Closed Accounts Posts: 2,382 ✭✭✭firestarter51


    Guru making some very valid points


  • Closed Accounts Posts: 982 ✭✭✭VincePP


    ynwa_17 wrote: »
    Rate using Revolut app is 1.2186 for more savings!

    Absolutely not possible. If its true I'd buy £5 billon and give myself a guaranteed profit of €70 million.

    Currency is not like some retail product, there's no possible way any institution can sell under market rate which is currently 1.2308

    Companies like Revolut and visa and banks add a margin and in many cases a commission - as above amazon are 1.27

    Remember last week the rate was 1.256, it strengthened from Monday to Thursday this week to 1.32 and then fell just below the rate it was almost all of last week.

    So I like others just don't understand the panic this week when the difference to last week is tiny. Back in April it was even lower, but no excitement then?


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  • Registered Users, Registered Users 2 Posts: 1,288 ✭✭✭ynwa_17


    VincePP wrote: »
    Absolutely not possible. If its true I'd buy £5 billon and give myself a guaranteed profit of €70 million.

    Currency is not like some retail product, there's no possible way any institution can sell under market rate which is currently 1.2308

    Companies like Revolut and visa and banks add a margin and in many cases a commission - as above amazon are 1.27

    Remember last week the rate was 1.256, it strengthened from Monday to Thursday this week to 1.32 and then fell just below the rate it was almost all of last week.

    So I like others just don't understand the panic this week when the difference to last week is tiny. Back in April it was even lower, but no excitement then?

    You're probably right - possibly an error with the app but I'm just telling you what the rate is!


  • Closed Accounts Posts: 2,382 ✭✭✭firestarter51


    The app must be making money, how can they give a better rate than anywhere else, I will stick to PayPal for purchases I can have euro and sterling balance in the same account


  • Registered Users, Registered Users 2 Posts: 4,020 ✭✭✭68 lost souls


    I saw the same rate but went to transfer and its 1.24 on revolut


  • Closed Accounts Posts: 2,382 ✭✭✭firestarter51


    I saw the same rate but went to transfer and its 1.24 on revolut

    Maybe the market need to open Monday


  • Registered Users, Registered Users 2 Posts: 5,762 ✭✭✭jive


    What a crap thread. Just to save someone else the hassle, no bargains in the thread just some bickering, currency speculations and Revolut discussion.


  • Closed Accounts Posts: 2,382 ✭✭✭firestarter51


    jive wrote: »
    What a crap thread. Just to save someone else the hassle, no bargains in the thread just some bickering, currency speculations and Revolut discussion.

    Blame whoever got excited and started it
    6% drop against the euro
    Woo hoo


  • Registered Users, Registered Users 2 Posts: 1,528 ✭✭✭Lucious Sweet


    Blame whoever got excited and started it
    6% drop against the euro
    Woo hoo

    That would be Nigel.


  • Closed Accounts Posts: 2,382 ✭✭✭firestarter51


    That would be Nigel.

    He didn't start this thread which needs closing really


  • Registered Users, Registered Users 2, Paid Member Posts: 31,467 ✭✭✭✭Ghost Train


    So in a nutshell, if you are contemplating a sterling spend I would suggest you wait a few weeks yet as this could get far better than a 6 cent swing in your favour.

    Only thing is retailers in UK will need to raise their prices if it's costing them more to import their goods so prices will adjust


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  • Registered Users, Registered Users 2 Posts: 4,020 ✭✭✭68 lost souls


    Maybe the market need to open Monday

    No its the difference between buy and sell. The 1.21 is that they would give you going from Euro to GBP (Buying in IReland from UK) 1.24 is the other way around (Buying in UK from Ireland)


This discussion has been closed.
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