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What will the £/Euro exchange rate be on Nov 1 2019

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26-11-2019 00:51:01 Mobile | Show all posts |Read mode
Let's see who are optimistic
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26-11-2019 00:51:02 Mobile | Show all posts
Why are you asking. Do you get paid in Dollars or Euros?

If we leave without any agreement from the EU then the £ could be on par with the Dollar. But it will rise again over 2020.
I also believe that if we do leave without the a new Withdrawal agreement being signed off the EU will get around the table pretty quickly.
If Brexit gets kicked into the long grass again, I suspect it will hover around $1.3
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 Author| 26-11-2019 00:51:03 Mobile | Show all posts
No and yes
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26-11-2019 00:51:04 Mobile | Show all posts
Exchange rates go up and down, down and up, back down, then up again etc.

Picking one day - the day after 31st October (assuming no delay) - will give a very narrow viewpoint. The day after the 1st November is another day.

...And, funnily enough, there is a day after that.

I wonder what the exchange rate will be at the end of this year?
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 Author| 26-11-2019 00:51:05 Mobile | Show all posts
How many times has the pound been worth less than a Euro?
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26-11-2019 00:51:06 Mobile | Show all posts
Is it 0? Do I get a prize?
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26-11-2019 00:51:07 Mobile | Show all posts
...Hold on, I'll ask Bob Dylan.
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26-11-2019 00:51:08 Mobile | Show all posts
So when the Euro was created it was 1.64 to the pound.

Continued membership of the EU saw that continually fall to 1.47 in 2007, losing 10% of its value.

In 2008 we had the crash where it fell to its lowest level ever 1.03 (we were still in the glorious EU then).

It has recovered a bit since then but generally bounced around the 1.2 mark.

We are currently at 1.10, so low, but not our lowest by some way.

So before the brexit referendum was even considered, the pound had gone from 1.64 to 1.20,  so losing about 27% of its value against the euro.

Cheers,

Nigel
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 Author| 26-11-2019 00:51:09 Mobile | Show all posts
So never under 1 Euro then even during the 2008 crash.
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26-11-2019 00:51:09 Mobile | Show all posts
I’m optimistic, for me personally it would be good to see it below 1€.

But ultimately and pound will still be a pound.
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