Anyone 'in the know?'

Pound hits fresh 19-month high against euro.

I need to buy Euro's for our holiday in Portugal this August.

Should I buy now or wait for better rates to come?

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Yep, Im still here.

You are not alone, buy now or wait is the 64,000 dollar question.

1.19 is very good I remember buying last summer at 1.08.
I watch the rates twice daily and I will hold fire from buying at present but thats just my 2p worth.

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He who knows all the answers has not been asked all the questions.

GK,

This week has seen the euro raise and drop !!
High was 1.194 now down at 1.178.

Need to see another small rise though 1.20 would be good.

Regards
Richard

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He who knows all the answers has not been asked all the questions.

Indeed, I am waiting for 1.20, it will come according to those in the know.

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Yep, Im still here.

Looking at my screens here at work, the highs of the week came on Tuesday but assuming there are no major incidents that that may cause significant moves the other way, the graph certainly looks to be trending towards further increases in GBP value to EUR:



These are mkt rates rather than tourist rates.
The thing you have to ask tho is how mucch will you gain/lose from any changes from today's level? a 1 cent increase will get you €1 for every £100 you exchange... hardly gonna make much of a difference either way really.
Thus I'd just hold out until closer to your hols
I too am on holiday for the 1st 2 weeks of Aug but will mostly be using my zero charge credit card as previously discussed but will hold out closer to the time for changing any cash up

We have to take cash as many producers we are meeting on Thursday only deal in cash !!

Will hold out for another 3 weeks until I get paid and exchange then.

Nice idea though the zero card you mentioned, much safer as long as you dont let the card out of your sight.

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He who knows all the answers has not been asked all the questions.

Yep Shez,

I'd heard on R4 PM that the close was a high at 1.24 on Tuesday, and the trend from the city players and international markets, clearly favours a turn in the fortunes for Sterling.

Cameron's outfit have cancelled any further quantative easing that caused a devaluation of our currency by 25% versus the rest of the world Whatever you think of the politics and the hurt for those affected by the goddamn almighty balls up last year....... As long as any further quantative easing is thought to be totally cancelled, and a brake is continually applied on the public sector borrowing requirement, the big players will continue to buy sterling again.

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Duncan

I'd definately recommend it Richard

I advised all the guys I went on a recent trip to NY with to get one too

Not only are there no charges for use abroad, but the x-rate the card uses is better than any I've seen offered for cash/traveller's cheques
You can also use it to draw money from ATM and this rate with no charge tho you are charged interest at around 20% APR so if I use it to draw out cash I pay it off online as soon as it appears on mmy statement and thus avoid any charges but get the ever so slightly better rate