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Euro - Sterling rates

Zascar · 2008-11-18 13:19:04

I think its fantastic that the Sterling - Euro rate is falling so much so its way cheaper for us to buy stuff from the UK. But how much more do you think it might fall? Would it ever get to 1:1?

18-11-2008 1:19pm

#1

Zascar

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I think its fantastic that the Sterling - Euro rate is falling so much so its way cheaper for us to buy stuff from the UK. But how much more do you think it might fall? Would it ever get to 1:1?

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#2 19-11-2008 9:55am

The_Conductor

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Zascar wrote: »

I think its fantastic that the Sterling - Euro rate is falling so much so its way cheaper for us to buy stuff from the UK. But how much more do you think it might fall? Would it ever get to 1:1?

If you look at historical rates (ECU, rather than Euro)- just before sterling got ejected from the ERM in 1992- they were trading at the equivalent of 1.12:1 The Irish pound was just over £1.30 sterling. It only lasted a few days mind........

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