Bits: Lock in your holiday € exchange rate now, Etihad First Class lounge in Abu Dhabi open

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• John says:

  7 Jun7 June 05:42

  Bookmakers still predicting small but comfortable margin for IN. If OUT, euro would drop too, so don’t think 1:1 is likely apart from a brief spike (like EURCHF 0.78) but maybe GBPUSD could drop to 1.25 or less, which would make me quite happy (just have to stop buying imported products for a while 🙂 )

  Wonder if Moneycorp would really be comfortable with losing 20% per deal instead of their normal earning of 20%

  • mr bridge says:

    7 Jun7 June 07:13

    It is also likely WHEN WE VOTE LEAVE, that the value of the euro would fall on parr with th £.
    £ to euro should not be affected, but £ ti $ is where you may lose out

    • Yuff says:

      7 Jun7 June 07:32

      Here’s hoping 😉
      I see all the same people who are predicting doom and gloom, if we leave, are all the same people who wanted to stay in the ERM and predicted the same, as they are now, if we left that.
      We had some of the best returns on shares and property in the following 5 years and had control of our economy back.

      • Andy says:

        7 Jun7 June 07:40

        Goodness, I seem to have stumbled onto the Daily Mail’s comment pagesl. I was looking for Head for Points….

        • harry says:

          7 Jun7 June 07:58

          Raw political opinions are not really welcome here IMV – but discussion of possible impacts on currency are relevant. Are we as posters capable of separating the 2? Looking up, not everybody 🙂

          Bookmakers:
          Some observers argue that betting odds provide a better clue to the outcome of elections and referendums than opinion polls.

          At last year’s general election, for example, the bookmakers’ odds suggested that the Conservatives would do better than the polls indicated. And they did.

          If that’s true then Remain looks the most likely result.

          The referendum is expected to be the biggest ever political betting event in the UK. Millions of pounds have already been gambled on the outcome.

          Last week several bookmakers cut their odds for a vote to remain to 1/6. That means people would have to risk £6 for a potential profit of £1.

          Ladbrokes reported that there were lots of people prepared to back Remain despite the short odds.

          Most bookmakers have the odds for leave at 7/2. A £2 stake would return a profit of £7.

          Perhaps an easier way to track the bookmakers’ odds over time is to look at what they imply about the chances are of each side winning. If both sides were at evens they’d both have an implied probability of 50%.

          On the Betfair betting exchange, the probability they suggest of a remain vote has risen from about 65% a month ago to nearly 80% now.

        • Sideysid says:

          7 Jun7 June 08:27

          Key thing in this vote that it will be a good indication of the real view of the country. There will be no antiquated ‘first past the post’ to muddy the water.
          I’m not sure even the bookmakers can predict the outcome.

        • James says:

          7 Jun7 June 08:48

          mmmm…… Harry. One thing I would take a small punt on is whether you post more copy on HFP than Raffles. The odds must be fairly even, but worth a small flutter.

        • Tim says:

          7 Jun7 June 12:02

          Harry,

          You forgot your source for the above:

          http://www.bbc.co.uk/news/uk-politics-eu-referendum-36271589

          I’m sure it was an oversight.

        • Billy Buzzjet says:

          7 Jun7 June 09:49

          I wonder what Danny Dyer thinks about all of this ?

    • Ian says:

      7 Jun7 June 08:19

      If you think the pound will not be massively affected by voting leave then you are wrong.

      Sadly many in the leave camp have believed all the crap propaganda (not saying there has not been rubbish from the in side either!)

      The pound WILL tank against all currencies making that summer holiday far more expensive. Unless you have already paid in full, you should expect to find a lot more money.

      • Chris says:

        7 Jun7 June 09:32

        Given that leaving the EU would be a process of managed withdrawal over the next five years (and probably more), even if the pound “tanked” as you put it, then the currency would swiftly bounce back, just as happened with ERM. That said, even if the devaluation were more long lasting, it would be worth it. You can’t put a price on freedom and liberty.

        • Kathy says:

          7 Jun7 June 11:35

          Of course you can put a price on freedom and liberty, we put a price on it all the time.
          What a ridiculous bit of rhetoric.

  • Paul says:

    7 Jun7 June 10:02

    Definitely find it hard to believe moneycorp would honour a huge swing

• chan says:

  7 Jun7 June 06:03

  Will current lifetime PLT’s still have OW Sapphire status? Or will that only be for PLT Pro’s now?

  I’ll need to do some further reading on this.

  • David says:

    7 Jun7 June 06:57

    Yes, platinums remain OW Sapphires. The main impact is on domestic upgrade priority which is pushed back to prioritise platinum pro’s and these with a higher spend.

• KC says:

  7 Jun7 June 06:06

  Can you earn points if you pay for the currency on a credit card? Or is it treated as a cash advance?

  • Genghis says:

    7 Jun7 June 06:16

    In general treated as cash advance. Tesco I believe have a deal using their credit card on Tesco currency I believe. Or unless you have /stuck with Curve?

    • KC says:

      7 Jun7 June 12:42

      Yes I have stuck with curve. Checking with thrm to see if they treat it as a purchase or cash withdrawal

• lee says:

  7 Jun7 June 06:07

  Etihad First lounge does not say access for EAP top level members, when in economy, only when in First class, unles an EAP Invitation Only member:-

  Measuring just under 1,700 m², and boasting expansive views of the airport, the new facility is open round-the-clock for the exclusive use of guests of The Residence, Etihad First Class, Etihad Guest Exclusive, Etihad Guest Platinum members (plus one guest), Etihad Airways Partner (EAP) airline First Class guests, EAP ‘Invitation only’ members (plus two guests) and EAP equivalent Platinum members (plus one guest).

  • Rob says:

    7 Jun7 June 08:39

    Good spot, will amend. I misread that somehow.

  • Marwan says:

    7 Jun7 June 09:40

    I am confused – isn’t “EAP equivamlent Platinum mebers” essentially EAP top level members (such as Alitalia Freccia Alata Plus?). If so, that would imply access anytime in the same way as Etihad Guest Platinum, regardless of class of travel?

    • Rob says:

      7 Jun7 June 10:05

      Even I’m getting confused now. Perhaps you’re right – it is anyone travelling in F on an EAP service (eg Jet Airways First) plus top tier EAP members in any class on Etihad. So I was right?

• M says:

  7 Jun7 June 06:32

  Visited the lounge on Saturday. One word. Amazing. Shame about the overall ground experience.

• ee says:

  7 Jun7 June 06:51

  Opinion polls seem quite mixed at the moment and we are off to Canada in a few weeks. Decided to buy currency yesterday @ 1.84 so I can forget about it. Some of the Brexit downside is already priced in but if we do come out I imagine the days and weeks which follow will be volatile both on the currency and stock markets.

• tony says:

  7 Jun7 June 06:59

  Just a word of warning on the currency deal. Back in 2001, Travelex had a similar approach and we were flying off to the US the day the General Election result came in. A Labour win spiked fears that we would join the Euro and the Pound took a pasting. Travelex simply refused to honour the deal as cable had fallen by so much.

  Not saying Moneycorp will do the same, but this is clearly a lop-sided deal that they are setting themselves up for a fall with….

  • zsalya says:

    7 Jun7 June 09:26

    From the Moneycorp website: “Moneycorp reserves the right to withdraw this offer without prior notice.”

    So they are will to write you a free option in return for you writing them a bigger one!
    I definitely would not trust them to honour it.

• harry says:

  7 Jun7 June 07:01

  Nothing wrong with a free option – especially if there’s no cost to you if you don’t pick up the currency. But name of the game these few last & next days has been/ will be volatility, unless there is a decisive demonstration of future referendum result shown by the polls – unlikely.

  Volatility as in up & down.

  The don’t-knows are still nearly 20% in some polls.

  Newsflow (as generated daily by both sides) is not to be trusted – the news channels are obliged to give fair airtime to Remain & Leave, even if the arguments advanced by one side on any particular day can seem far-fetched & unsubstantiated.

  Today’s snippet – voter registrations in the last 10 days are approaching 1 million, largely voters with a younger profile.

  • John says:

    7 Jun7 June 09:23

    I think you have a different definition of ‘tight’ from most traders. OK it isn’t swinging between 1 and 2, but it is going up and down by hundreds of pips every week.

    In terms of MS, I could have lost hundreds of pounds from my Supercard withdrawals, but I paid attention and made hundreds of pounds instead – at least twice the value of the points they earned me 🙂

This article is closed to new comments. Feel free to ask your question in the HfP forums.