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Pound-Euro 2016

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Jimbo:
It has a lot to do with Brexit. IMX reports that uncertainty about the negotiations is deterring the money markets from buying sterling.

See the FT: https://www.ft.com/content/f579e648-87e1-11e7-8bb1-5ba57d47eff7


--- Quote ---
   Hans Redeker, global head of forex strategy at Morgan Stanley, forecasts euro-sterling parity by the end of this year, with a further rise to £1.02 per euro in the first quarter of next year.

He blamed much of the sterling depreciation on the uncertainty around Brexit, saying the economic environment “looks increasingly fragile” as “investment spending is softening and export strength is underperforming”.

--- End quote ---

Dupnica:
 Before we went on holiday in June we were full of good intentions that we would save a few euros by having some lunches on the terrace of our apartment,needless to say this didn't happen,and I don't expect it will happen again when we go in September. It costs nearly as much to buy food at the supermarket as it does to eat out so what's the point,well that's what I tell myself anyway,and if you spend the rest of the year planning and preparing meals who wants to do it on holiday?

Jimbo:
Greek baked beans are very nice and cheap! In July, staying in a beautiful apartment up on the hillside at Tsaros, we couldn't be bothered to go all the way down to the village and face the climb back, or up to Akrotiri on two evenings. Large bottle of vino for about 3 euros last a good few days. One night, beans on toast - another scrambled eggs. Great sunset views and a blissful release from deciding where and what to eat. Short walk then down the hill to the Tsaros pool bar for a couple of drinks and a few laughs.

Meanwhile, the BBC this morning indicates the dire straits the pound is in, with appalling, below-parity, rates at many airports:
http://www.bbc.co.uk/news/business-41097401

Tredegar Boy:
It's a crock of do-do. I blame life. ::)

rilo57:
Nothing wrong with that jimbo,sometimes the simple things in life are the best..

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