NormanH Posted September 26, 2015 Share Posted September 26, 2015 I would have though that the scandal over Volkswagen cars would have damaged the Euro, given that the German Economy is a major driver and one might expect it to be adversely affected; yet looking at the last couple of days, the £ to the € exchange has fallen off a bit of a cliff:[URL=http://s253.photobucket.com/user/bfb_album/media/xchange_zpsmetvw2ex.jpg.html][IMG]http://i253.photobucket.com/albums/hh80/bfb_album/xchange_zpsmetvw2ex.jpg[/IMG][/URL]Can anyone explain this apparent paradox? Link to comment Share on other sites More sharing options...
NickP Posted September 26, 2015 Share Posted September 26, 2015 Nothing unusual, just the money men earning their Christmas money. I was very fortunate a few weeks ago when the £ was worth over 1.40, I transferred some money, invested in another couple of thousand liters of oil and ten steres of wood, bought a new ride on mower and had the car serviced. One of the perks of having a son in law who is a futures trader. [:D] Link to comment Share on other sites More sharing options...
AnOther Posted September 30, 2015 Share Posted September 30, 2015 I wouldn't characterise a drop from 1.3845 on the 22nd to 1.353 yesterday as 'falling off a cliff' !http://www.ecb.europa.eu/stats/exchange/eurofxref/html/eurofxref-graph-gbp.en.html Link to comment Share on other sites More sharing options...
mint Posted September 30, 2015 Share Posted September 30, 2015 But Erns, I exchanged for a shade over 1.40 fairly recently..............so I think NH has a point though I am not certain about the time period that we are talking about......sorry!1.40 was wonderful for me even though I didn't need any euros but I had a budget in sterling in mind for the kitchen and the exchange rate enabled me to do it within budget. Link to comment Share on other sites More sharing options...
AnOther Posted September 30, 2015 Share Posted September 30, 2015 I based my comment on what Norman said which was "looking at the last couple of days" Link to comment Share on other sites More sharing options...
NormanH Posted September 30, 2015 Author Share Posted September 30, 2015 I would have expected it to go in the other direction however...and earlier to day the fall continued though I haven't looked since about midday. Link to comment Share on other sites More sharing options...
mint Posted September 30, 2015 Share Posted September 30, 2015 Yes, it's continued to fall since midday. Who can second guess these things?The rate is hardly ever as one would expect. Link to comment Share on other sites More sharing options...
NormanH Posted September 30, 2015 Author Share Posted September 30, 2015 Caxton's sent me an email:With Sterling’s recent weakening, the Euro is currently trading at its strongest rate against the pound in almost six months.so I think my original point was justified Link to comment Share on other sites More sharing options...
woolybanana Posted September 30, 2015 Share Posted September 30, 2015 Not just Volkswagen, Norman; the Guradian will tell you that they are all at it, but we knew that anyway.All part of the campaign to get rid of diesel.It is the turn of the Euro to get a boost, that's all. Link to comment Share on other sites More sharing options...
NickP Posted November 3, 2015 Share Posted November 3, 2015 [quote user="NormanH"]Caxton's sent me an email:With Sterling’s recent weakening, the Euro is currently trading at its strongest rate against the pound in almost six months.so I think my original point was justified [/quote]Looks like your point is a bit blunt this morning Norman. £-Euro 1.4041, I wonder what news has influenced the reverse this time. Surely not the French foreign minister's son's gambling habits? [:D] Link to comment Share on other sites More sharing options...
AnOther Posted November 3, 2015 Share Posted November 3, 2015 [quote user="NormanH"]With Sterling’s recent weakening, the Euro is currently trading at its strongest rate against the pound in almost six months.[/quote]I wonder if anybody has told the ECB ?http://www.ecb.europa.eu/stats/exchange/eurofxref/html/eurofxref-graph-gbp.en.html Link to comment Share on other sites More sharing options...
NormanH Posted November 3, 2015 Author Share Posted November 3, 2015 That was 6 weeks ago.. Link to comment Share on other sites More sharing options...
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