MrCanary Posted November 23, 2010 Share Posted November 23, 2010 If the Euro is doing so badly, why isn't the Pound heading back up to the 1.40 to 1.50 area? Link to comment Share on other sites More sharing options...
Quillan Posted November 23, 2010 Share Posted November 23, 2010 I think you could answer that yourself, it isn't. What is happening is the pound is getting a bit stronger hence its up to nearly 1.18 at the moment Link to comment Share on other sites More sharing options...
andyh4 Posted November 23, 2010 Share Posted November 23, 2010 Simple answer is because the pound also has problems.Second answer is that the Euro is troubled by AO Ireland. Britain has just decided to loan Ireland a lot of money so is therefore bound to the Euro problems. Link to comment Share on other sites More sharing options...
Braco Posted November 23, 2010 Share Posted November 23, 2010 Without the 'PIGS - Portugal, Ireland, Greece, Spain' we could have been looking at a much lower rate. Problems with Italy may also help in the short term. Link to comment Share on other sites More sharing options...
just john Posted November 23, 2010 Share Posted November 23, 2010 Isn't it that the Quantitive Easing of the pound (printing money), is about the pound devaluing to stay competitive with the Euro? Link to comment Share on other sites More sharing options...
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