Bits: lock in your holiday € exchange rate, Etihad First Class lounge in Abu Dhabi opens

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• Jonathan says:

  7 Jun7 June 10:51

  Apart from Money Corp – where else are people buying their euros from?

  • Genghis says:

    7 Jun7 June 10:54

    Most other places involve a commitment to buy at a future date (i.e. a forward) while Money Corp give optionality.

• Henrik1888 says:

  7 Jun7 June 11:01

  As someone who maintains BA status almost exclusively by crediting domestic AA flights to my BAEC account how will these new changes affect this? I read the US blog that was linked to but I’m confused as to how this would impact on tier point collection when crediting to another One World partner.

  • Rob says:

    7 Jun7 June 11:14

    Nothing changes.

    Some AA members, who can manage to fit in the 4 required BA segments, may now choose to get status via BA to avoid the $ requirement, although that won’t help them with upgrades domestically.

    • Henrik1888 says:

      7 Jun7 June 12:39

      Thanks for the feedback. It would indeed be a very good strategy for anyone who can make the 4 x BA Flight Requirement. There’s regularly 180 tier points to be had for as little as $150 flying domestically.

• NFH says:

  7 Jun7 June 11:03

  Why not use Revolut to lock in your EUR/GBP exchange rate? Then you’ll get an interbank spot rate rather than some rip-off cash rate from a bureau de change.

  • Genghis says:

    7 Jun7 June 13:22

    Optionality?

• AndyGWP says:

  7 Jun7 June 11:09

  So I’ve waded thru all the opinion, and can’t find any comments to which currency organisations offer a decent buyback.

  Anyone found anything? I’ve no plans to hit London between the referendum and my trip to France :/

• Rob says:

  7 Jun7 June 11:12

  That won’t happen this time. The City firms are paying for their own exit polls and will trade during the day on the back of them. Unlike a general election there is no rule stopping this AFAIK.

  A few £m spent on your own exit poll is a bargain if you can trade a few hundred £m on the back of it and potentially make 10%-20% profit in a day.

  • harry says:

    7 Jun7 June 11:20

    But they can go long or short and make money both ways. Ie the fact that GBP lost in the last couple of days vs USD in no way indicates the City is betting on Brexit.

• Alexey says:

  7 Jun7 June 11:22

  Already voted by post ) Obviously to stay in EU.
  Leaving would hit exchange rate and economy in the next 2 years to the similar level as happened in 2008. So expect 1.05 GBP EUR or so if stupidity will prevail

  • Choons says:

    7 Jun7 June 12:20

    Same here, already voted and in the remain camp too.

• Mike says:

  7 Jun7 June 12:13

  As one of those ‘traders’ you speak of: no we don’t. Talk of huge outflows and sell-offs has no basis in reality, unlike what’s portrayed in the media we (the banks) are quite aware of the worst case scenarios, what’s actually likely to happen and what the situation will be during ‘negotiation’. We aren’t going to panic and throw everything overboard if there’s a Brexit (I’m more worried about the fate of the rest of the EU; the UK will be fine in or out).

  Always lock in your currency if you’re tightly budgeting for your holiday on today’s rates of course!

• WilliamPH says:

  7 Jun7 June 13:19

  O/T but extremely important. Colleague flying on Qatar today said there was no booze whatsoever in the lounge because we are in Ramadan. Does anyone know whether this applies to Emirates as well? May have to change a booking.

  • Rob says:

    7 Jun7 June 13:22

    Etihad:

    Etihad will continue serving alcohol in its international lounges including in Sydney, London and Paris, but this “will not be displayed in the bar area in the usual manner during daylight fasting hours”, an Etihad spokesperson told Australian Business Traveller.

    However, the airline’s lounges at its Abu Dhabi hub will not serve alcohol during daylight fasting times “out of respect for local customs,” with the lounge’s bars open only from 7pm to 3am daily until Ramadan concludes.

    Emirates:

    A spokesperson for Qantas partner Emirates told Australian Business Traveller that “Emirates will continue to offer alcohol in all lounges and on flights during Ramadan.”

    Qatar is the strictest of the bunch and will not even serve it on request.

    • WilliamPH says:

      7 Jun7 June 13:25

      Thanks. That’s a relief

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