Snap, I enquired with HIFX about a month ago and they offered 1.32. Had been thinking the same as you over the weekend and fixed this morning at 1.2325. . Got the 1st 40% of the apartment at 1.45 so at least got some benefit early last year.

When speaking to HIFX this morning they expect it just to hang around this level until something else happens, the only way it will dramatically go up at the moment is if Britain put up interest rates or Europe reduce theirs. But with more bad news expected rather than good we have said enough is enough and fixed it.

We have joined the ranks of the defeated and fixed a rate. Got 1.23 with HIFX which is far from ideal but at least we know where we are - especially if they deliver early.

On the bright side (!) we can still afford it and it does look like they will be fab when finished. I suppose this is the time to be pragmatic and look at the long term............

Being a bit thick on this type of thing, does this mean we might see an improvement to the cusrrent exchange rate with the Euro???

Phil

One hopes so, will have to wait and see what the BoE does next week and what the effects are.

Forever hopefull.

Phil

If anyone is looking for a good forward rate try Interchange. The day after we settled for 1.23 they (unfortunatley for us) posted a really good set of forward rates which were all better!

Reading up on all the stuff no-one really seems to know what's going to happen so it seems to be a case of between the devil & the deep blue sea.

Hi everyone

I took the "plunge" ! Got the exchange rate at 1.242 with Halo  on Friday.  I believe the rate will not got up in anything it will go down even more.

Opened a deposit account in Spain with 5% interest.

Jackie

Debs

I've just done the deal with TORFX myself - like you, I found that their rates were the best on offer.   I've not had dealing with them in the past, but I searched them via Companies House before I paid my deposit, and all looks in order - they've been trading since 2004.   Given the direction of the Euro this monring, I doubt you'll get the same rates that were on offer on Fri though...

Debs

 I've spoken to several different companies over the last week - and got lots of conflicting info.  The general consensus though seems to be that there isn't likely to be a big upsurge in the coming weeks, so there's no expectation that the rate is going to go past the mid-to high 1.20's in the near future.  BOE are unlikely to put interest rates up, and the CEB are resisiting putting theirs down ..

So it seems the best we can do is monitor closely and try to make the most of any upwards "blips" (which the end of last week seems to have been).  

I put off doing the deal on Fri (kicking myself now!) but I'm trying to be philosophical  - I've still  managed to get 1.2385 :- which is a sight better than the 1.22 I was being offered this time last week.

Hope it works out for you..

Cheers