Genuinely shocked...what to do about currency?

[Mytummyisnotatrampoline]

I thought reason And logic would prevail. I was clearly wrong.

This isn't a brexit bashing thread-we're on different sides and you won. I'm not happy about it, especially knowing that I now live in a country where Nigel Farage is classed as a winner, but there's nothing I can do.

In my naivety/stupidity, I didn't get euros for our holiday (we leave next week). Do I get them today and take the loss now, or hold off until the weekend in the hope the market rights itself?

I bought mine last week, as a just in case measure.
I didn't actually think it would happen though

In the grand scheme of things losing a few euro for this year's summer holiday is the least of my worries.

Me too, Gin. Like I said, it's nothing compared to what can potentially happen.

I am waiting for all the squealing when "outers" of the thick variety realise too late that their all-inclusive trips to the Costas will cost a lot more as will their euros.

I think I'd hold off. The pound will rally in the next few days IMHO. But I wish I had changed some currency earlier in the week though I'm not away till later in the year.

I have just ferreted in my secret hideyhole and counted $ 230 which is worth somewhat more then yesterday.

I will still need some more but will hang on until things settle.

I was deliberating this at 5am. Decided to buy the bulk today (spending money) and leave the other costs (diesel and tolls) until we go in August. Feel very stupid for not foreseeing this.

So what time to buy today? Now and cut losses or wait until market closes and get tomorrow?

You could gamble and buy them, then if the pound rises again, sell them back if the exchange rate improves to a point where it outweighs the sell back commission.

Buy now, the pound is already rising again.

The arrogance of thinking "My POV is the only reasonable, logical one" is quite astounding

Don't be a twat, everyone thinks like that. With 2 opposing arguments, if you DON'T think yours is the reasonable logical one you're a moron.

Sterling euro rate hasn't been trashed nearly as much as the dollar rate. Unless you are changing thousands, this is not a massive deal for you.

Markets are going to remain volatile though so I'd consider buying some euros fairly soon, just so you know how much your holiday will cost.

Euro dollar rate holding steady (within the daily fluctuations of the last month of so)

Both the Euro and the Pound are suffering against the Dollar, so their relative rates haven't changed much.

I'm doing mine last minute for max recovery time.

I'm having the same dilemma. Wish I'd got my euros last week

Well said ApricotSorbet.

I suggest you wait until next week and, if the £ hasn't stablilised after its expected temporary freefall, take cash and buy local currency in resort.

"Both the Euro and the Pound are suffering against the Dollar, so their relative rates haven't changed much."

You wish Pound has lost 3% against the Euro today, which is a lot.

Will have to fork out al hell of a lot more for our holiday in he States with hotels/currency/everything. DC resigning can't have a stabilising effect either. Dh and others in his field are already talking about emigrating. The top earners will be taxed to the hilt to get us out of ressession which will just force them elsewhere, and then what?

Although I can identify with the euphoria and the reasons behind it, I also can't help wondering what percentage of the leavers fully understand the consequences.