Pound vs Euro nicely climbing

[AJI]

Pound vs Euro has been nicely climbing over the past few weeks. Good news for those going on holiday in Europe.

But I was wondering how high is the rate going to go?
Back to the good ol' times of 1.4:1 ?

£ has been climbing since Feb from 1.17:1 now up to 1.24:1 giving British travellers an extra 7% extra spending power.


Would people say that the rise is due to the strong prospects of the Pound or is it more that the Euro is under so much pressure with the likes of Spain etc.?

[davepoth]

Pound Vs. Dollar is reasonably stable, Euro Vs. Dollar is falling, which suggests it's a tanking Euro. It's bad news for business.

[Bing o]

It's the difference between getting butt fked by Michael Barrymore instead of Mike Tyson - its still bad, it's just not THAT bad.

[cayman-black]

Yes , But how strong is the pound going to get? Whats the opinion all?

[Wills2]

Sterling has fallen against the euro for the last 10 years, losing about 35% against it since 2003, with near parity in 2009 that trend should have helped us export stuff, a stronger pound reduces import costs but makes it difficult to do what we need to do which is to export.

I'd rather a weak pound than a strong one, for me the importation of cheap goods got us into this mess and made it "look" like we were doing well.

I'd also prefer that foreign tourists had more money to spend here, a strong pound stops this.

I haven't got a clue whats going to happen otherwise I'd be typing this from a barbadian beach but I do think the furture exchange rate could depend on what Hollande might start doing.

[Jasandjules]

I hope the pound gets stronger as I am doing some stuff in Euros soon...........

[Wadeski]

just what we need for our new, rebalanced economy focussed on exports and manufacturing

oh well, its good for holidays

[DSM2]

What if there is no Euro by the end of the year and the pound is strong against Greece, Spain, Italy, and not so against the other Countries who would be the only ones able to buy our exports at any price?

Or something in between.

Cheap hols in the sun and an export market.

[martin84]

I got given a euro coin as change in a shop the other day.

fking bds.

[Puggit]

martin84 said:

I got given a euro coin as change in a shop the other day.

fking bds.

At least the metal is worth something

[Man-At-Arms]

AJI said:

giving British travellers an extra 7% extra spending power.

woohoo

just in time for Le Mans

[AJI]

Still climbing.

Darn, I knew I should have waited another week before converting my holiday money!
Impatience has just lost me £20


The pound stopped climbing late last week so I went in and converted my spending cash, but beginning of this week it is once again making strong head way in to the Euro.

Now at 1:1.26

[Puggit]

AJI said:

Now at 1:1.26

Not quite:

[BoRED S2upid]

Typical. I normally holiday in Europe next week im going to Norway.

[Chris Type R]

BoRED S2upid said:

Typical. I normally holiday in Europe next week im going to Norway.

That's in Europe

[BoRED S2upid]

Chris Type R said:

BoRED S2upid said:

Typical. I normally holiday in Europe next week im going to Norway.

That's in Europe

You know what I mean. I should have gone to Greece.

[Mr GrimNasty]

'climbing nicely' - Isn't that like nimbly heading for the high board before diving into a pool full of sewage?

[AJI]

Mr GrimNasty said:

'climbing nicely' - Isn't that like nimbly heading for the high board before diving into a pool full of sewage?

Not when I'm going on holiday in Europe next week !!

[P-Jay]

Might get a beer for less than £6 next month in Morzine, but on the down side it might put our economy back another 6 months or worse push us further towards the old service industry / debt based economy.

Swings and roundabouts I suppose.

[AJI]

If the £ keeps rising won't the Bank of England do what China does?
In the form of another round of Quantative Easing?