Is now a good time to change sterling

[Rower]

Is now a good time to change a sterling cheque to then deposit as euros or is euro likely to weaken further against sterling in the short term?

 

[Elphaba]

I dont think anyone knows the answer to this question. The pound was 85p to 1 euro yesterday but 86p today. I would love to know how a weak euro impacts on the conversion rate? My friend going to college in U.K. in September and has a couple of k saved in euro?
Any financial speculators out there?

 

[Protocol]

"I would love to know how a weak euro impacts on the conversion rate? "


These are one and the same. The weaker euro means it buys less stg.

Since EMU began in 1999 the euro was initially worth about 65-70p, it has gone as low as 57p and as high as 97p.

It is difficult to predict what will happen.

 

[RMCF]

I dont think anyone knows the answer to this question. The pound was 85p to 1 euro yesterday but 86p today. I would love to know how a weak euro impacts on the conversion rate? My friend going to college in U.K. in September and has a couple of k saved in euro?
Any financial speculators out there?

You got those the wrong way round.

Its the Euro thats 85p.

Or you could say that sterling is worth €1.15.