duck
Member of DD Central
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Post by duck on Mar 15, 2014 7:17:00 GMT
I note the Euro exchange rate has dropped fast this week (1.1943778214 yesterday) it hasn't been this low this year and has been as high as 1.22296038 back on 15/2.
Still well up on the 1.16's we were seeing last August but have I missed some important economic news? Or perhaps 'our' stance on Ukraine/Russia is beginning to tell?
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JamesFrance
Member of DD Central
Port Grimaud 1974
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Post by JamesFrance on Mar 15, 2014 10:53:13 GMT
I did an exchange yesterday with Currencyfair at 1.195 and it was in my French bank the same day as it left my UK bank which is good service. I decided to do the exchange before it went down further as I think things are beginning to improve in the euro area as well as the UK. I believe the BOE and UK government will always try to keep the pound low to give Britain a trading advantage, which is why they engineered the big drop 6 years ago. Those of us living elsewhere are always the ones to be hit by this policy of course. No doubt the French, Spanish, Italians, Greeks and Irish would have liked to do the same, saving themselves much painful readjustment.
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