The Euro is on the up!!

[ineedagallardo]

Having been keeping an eye on the state of the Euro against the pound it seems as though the pound is strengthening - or the Euro is weakening;

According to xe.com it’s currently @ 1.126 to the pound

The dollar seems to be weakening too @ 1.44 to the pound.

Hopefully things stay this way .

[digger_R]

That's it then the recession must be over - I'm off to get a loan, coke and hookers are on me

[sleep envy]

ineedagallardo said:

According to xe.com it’s currently @ 1.126 to the pound

it rose to that two weeks ago and dropped below 1.07 earlier this week...

[andygo]

See! Gordon the Gopher flies into Davos, sorts 'em all out and hey presto - he's sorted it.

What a hero. Vote labour.




Only joking FFS.

[scotal]

Being covered here http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Also if the Euro is weakening, surely its not on the up?

[anonymous-user]

scotal said:

Being covered here http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Also if the Euro is weakening, surely its not on the up?

Depends if you're using euro/£ or £/euro. Many economic models use the latter, so a rise does mean a depreciation, and vice versa.

[elster]

digger_R said:

That's it then the recession must be over - I'm off to get a loan, coke and hookers are on me

Game on. I'm happy to spend your money, when on such a quality purchase.

What time will you be popping into "cash a cheque"?

[Puggit]

Soon as the markets opened, the pound tanked, losing yesterdays €0.01 gain.

Any ideas why?

[Fittster]

Puggit said:

Soon as the markets opened, the pound tanked, losing yesterdays €0.01 gain.

Any ideas why?

Mabye:

"Britain could be stripped of its prized AAA credit rating as a result of the Government's latest bank bail-out, potentially jeopardising any economic recovery, according to rating agency Standard & Poor's."

http://www.telegraph.co.uk/finance/newsbysector/ba...

[NoelWatson]

Fittster said:

Puggit said:

Soon as the markets opened, the pound tanked, losing yesterdays €0.01 gain.

Any ideas why?

Mabye:

"Britain could be stripped of its prized AAA credit rating as a result of the Government's latest bank bail-out, potentially jeopardising any economic recovery, according to rating agency Standard & Poor's."

http://www.telegraph.co.uk/finance/newsbysector/ba...

http://www.noelwatson.com/blog/PermaLink,guid,780a34e6-6974-4570-b9c7-450bc5c64661.aspx
http://www.noelwatson.com/blog/PermaLink,guid,c9c7...

I believe it is if, not when