Can anyone tell me why the pound is floundering around at the €1.30 mark when it was at €1.43 not long ago!?
Mainly because of the UKs reluctance to raise interest rates I think.
And weak forecasts. Even though the economy is growing, inflation is too low apparently.
Mr Osbourne said that 2016 is going to be a tricky year for the UK.
That might be the case with the USA. Fine, I can accept that, but I'd rather be on the position of the UK than in the postiton of Europe! Why is it losing value against the Euro!?
Interesting points here. Thanks.
I wonder if the impending Brexit has got anything to do with it?
Personally speaking I still think it's too strong against the Euro. 1.32 is quite a good exchange rate all things considered.
The Pound is a very insignificant currency on the world market in he grand scheme of things. If the UK rates are low why would anyone want to hold its currency?
Because it an manage it's own economy in a way no other Eurozone country can, perhaps?
thanks for the insights everybody. Some interesting opions. It seems to have stabilised at around 1.29 now but considering the billions wiped off the Europe markets the last week or so, I'm still surprised its that low.