Is now a good time to change sterling

R

Rower

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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?
 
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?
 
"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.
 

You got those the wrong way round.

Its the Euro thats 85p.

Or you could say that sterling is worth €1.15.
 
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