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Pound-Euro 2016

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Jimbo:
Reviewing my credit card after the trip this summer, the sad news is how bad the £/€ ratio remains. You're lucky to get about 1.1 - and it's been worse. The euro is very resilient and economies in the eurozone are out-performing the UK economy. We are at about parity with the euro, and it looks like it's going to stay like this for several years. Sad.

gillie:
Good thing we used cash most of the time!! Got it before it had gone right down. ;)

Jimbo:
There are no signs of the pound gaining much against the dollar or euro in the near or more distant future. TravelFX is 1.0893 and has been at around this level for quite a while.

All observers comment that the causes of the weak pound are (a) poor economic performance and (b) no signs of anything positive in Brexit negotiations. Actually, no signs of anything in the negotiations.

For once, the Greeks have a bargaining ship: they are floating the idea that they will not agree a final settlement unless they get the Elgin marbles back. I have long been of the opinion that the marbles should be returned, and met Nana Mouskouri at a campaign meeting in London. (Her mother, incidentally, came from Corfu). 

Jimbo:
I suppose most people will have been abroad this year. For those of us hoping for a few extra Mythos in the autumn the news is not good.

The pound reached an 8-year low against the euro this afternoon. The Interbank rate is now 1.0839 and TravelFX is 1.0702 (if you buy £700)

I'm annoyed.

swedebasher:
This nothing to do with Brexit as the euro has improved against ALL currencies. Eurozone seems to have got itself into gear and growth increases and unemployment has come down even in Greece.

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