£ now down to 1.14€ - lowest for over a year.
ya ain’t seen nothing yet.
Afraid so…
I’ve read the latest rout is because UK retail sales dropped 1.6% 3x what was expected.
It was almost 1.16 at 3pm Wednesday - tempting me to purchase some euro’s. How I wish I had. I’ve almost given up…
The euro may not fair much better - at some point it’s a race to the bottom.
yes, the article says it’s down 0.5% against the $, dollar up 0.5% against basket of currencies.
£ down 1% on $ - therefore 0.5% against euro - but pound sterling has -0.8% yesterday, and -0.6% today (so far)
Always a cycle, and always very difficult to catch a bottom, but always take advantage of the rate swings, buying/selling €/£ 
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I try not to worry about getting the best deal as it doesn’t help my blood pressure! Obviously if there’s a very big sum involved it will make quite a difference but then very big sums (eg house purchase ) tend to have to be made within a short window so there isn’t a huge choice.
PoundSterlingLive tends to give some good analyses on the reasons for changes but I imagine you are all aware of that 
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What do you think will happen?
I remember when I lived in Belgium but still worked in the UK in 2008. That was a big change. At the moment it seems like anything can happen
It could get much worse according to an article in the current issue of The New Yorker:-
‘Could it be that what was once an empire, and then a commonwealth, will shrink to a single country, and then at last to one quiet village in Gloucestershire, with an empty church and a thriving line in marmalade?’
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As @letsmile said it’s always a cycle. I’ve never had much luck with that so far but generally things do seem to improve again after plummeting.
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It got down to near parity against the euro at one point post Brexit. It then came back up again but obviously nowhere near where it was pre-Brexit. I’ve done transfers across when it was 1.11 euros to the pound and some when it was nigh on 1.2. Swings, roundabouts, that sort of thing…
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Nah. The marmelade’s been sold to an Indian company.
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Oh dear, what will Rees-Mogg’s nanny say…
My best was 1.42€ to the £ - before brexit of course!
1.62€ to the £ in 1992 when we bought our first wreck in France, beat that!
Err…
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It was francs at that point - I suppose you’ve converted it? (I bought this house in 1992! )
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Yes I have converted it however it was 1.52 not 1.62, sorry!
However I am not wrong in saying that we bought again in 2002 just as the euro came in and we got an exchange rate of 1.60 euro to £. We then sold our 1992 house in 2005 and bought a holiday let in 2006 and got an exchange rate of 1.42 to the £. Bought it for 140K and sold it in 2016 for 110k but the 30K loss was mitigated by the exchange rate which meant that we still made a profit.
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According to this chart:
The highest rate was €1.7286 to the £ on the 1st of May 2000, it briefly got above €1.70 to the £ that October as well and has been (with a few upward blips) downhill thereafter.
[plunged into depression]