euro exchange rate

[Miller]

Do you know of any particular reason for this?

Same with the £/$. We must be doing something right.

 

[ChrisW]

Do you know of any particular reason for this?

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

 

[sunnyboy]

Do you know of any particular reason for this?

Possibly because the markets are betting on an economic upturn as restrictions begin to ease. However might be wise to remember the adage that it is better to have travelled than to arrive.

 

[car77]

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

Yes supposedly because of the fast vaccination roll out the economic picture is looking better for the UK.

 

[Rockape]

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'.

 

[Miller]

Looking good. It was always easier to compare prices when it was 5 to 4. I.E.
5E -4£, 20E - 16£. Etc. Bring back 1.25 rate.

 

[Bootledodger]

Looking good. It was always easier to compare prices when it was 5 to 4. I.E.
5E -4£, 20E - 16£. Etc. Bring back 1.25 rate.

Bring back £1.00:1.50euro!!!!

 

[Miller]

Bring back £1.00:1.50euro!!!!

You will be reminiscing about half dollars next. Do not remind me of pre decimalisation!

 

[JPALCOVER]

When I was a student:

1£ sterling = 12 Swiss francs
1 US$ = 4.32 Swiss francs

Today:

1£ Sterling = 1.266 Swiss francs (nearly ten times less)
1 US$ = 0.91 Swiss francs (nearly five time less)

So go the markets after August 15, 1971 and Nixon's annoucement that the US no longer followed the Gold Exchange Standard.

 

[Teacu]

Miller - do you ever think to yourself ‘Should I really be paying 16 bob for a Mars bar’ ?

 

[Miller]

Miller - do you ever think to yourself ‘Should I really be paying 16 bob for a Mars bar’ ?

Now you will really get me going. Do you know that they are smaller as well!!
Did not effect me much as my mum would not me have one, never understood why. Something to do with Mariane Faithfull my older brother told me.

 

[Rockape]

The Pound-to-Euro exchange rate reached a new two-year high last week and may be likely to establish a more durable foothold above 1.17 over the coming days as divergence between the UK and Eurozone economies remains top of mind among investors.

Happy days....might be a good time to exchange a few quid for the summer ahead!

 

[Miller]

The Pound-to-Euro exchange rate reached a new two-year high last week and may be likely to establish a more durable foothold above 1.17 over the coming days as divergence between the UK and Eurozone economies remains top of mind among investors.

Happy days....might be a good time to exchange a few quid for the summer ahead!

I know Easter is approaching but do not put all your eggs in one basket.

 

[Teacu]

Well, Sterling is now struggling to hang on at around 1.15. So much for the surge ..

 

[P&C@29]

It’s much improved on 1.09 of two years ago

 

[Teacu]

P&C@29 - You’re obviously a glass half full person. I however was hoping is was on the way to 1.40 !

 

[P&C@29]

P&C@29 - You’re obviously a glass half full person. I however was hoping is was on the way to 1.40 !

Teacu I remember when we first started coming to PP you got 220 pesatas to the£

 

[Miller]

Teacu I remember when we first started coming to PP you got 220 pesatas to the£

Was that before or after the inquisition?

 

[P&C@29]

Was that before or after the inquisition?

just after, the high judge inquisitor had retired a year earlier !!!

 

[Teacu]

One for all you FX gurus out there - Sterling has been nudging 1.20 for a while. Will it break through and keep going, or will it collapse ?