euro rate
The pound euro rate back on 28/03/2018 was 1.13 now with all this brexit trouble it's 1.169, so much for scare mongering ( let's have more and get it to 1.25 please).
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I have just bought enough Euros to get us through until the Autumn.
Although the rate might get better, it's already higher than it's been since May 2017. I reckon there's a risk it could go down significantly (but perhaps only for a few months) when/if the PM steps down, European & General Elections, etc. |
We transferred a chunk when it was 1.171 last week - it was nice to see it back up in a reasonable range again after suffering 1.10 on our last transfer.
I think I spend more time watching the euro rate than working these days!:( |
Now worth € 1.20 hopefully increasing.
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Can anyone explain why Sterling has recently deteriorated so badly against the Euro ?
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I think it is because there is market panic about the coronavirus outbreak that has prompted significant falls in stocks and oil. Italy is one of the UK’s top trading partners and so this relationship has been hit hard due to quarantine in areas of Italy and I think as the virus gains momentum in the U.K. markets will be hit further.
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The Euro has over recent years become a favoured currency to fund stock market investments as Eurozone interest rates remain at record lows; we are now witnessing a substantial return of borrowed capital into the Eurozone. |
All the hysteria over the coronavirus outbreak has had a major effect :(.
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Well, we are now back at circa 1.15, but can’t go anywhere to spend it !
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Possibly our success with the vaccination programme and the belief that our economy will open sooner than others. But currencies moves are always a geuss! C |
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The Pound-to-Euro exchange rate took the market by storm having risen to nine-month peaks last week but could continue steamrolling higher into month-end, leading to a test of 1.17 in the process, as the UK economic backdrop brightens and Sterling proves popular among central bank reserve managers.
Pound Sterling was the best performing major currency again last week despite already having advanced strongly in February against all nine of its largest counterparts, as the British currency continued to be recognised for its improved economic prospects in light of an almost best-in-class vaccine rollout. The Pound-to-Euro exchange rate has convincingly reclaimed the 1.15 handle in the process but could be bolstered further as soon as Monday when Prime Minister Boris Johnson is expected to set out before parliament a plan for enabling residents and the economy to exit 'lockdown'. |
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