Pound seems to be weakening against the euro

[doodab]

How low will it go? Will we see €1.08 again?

[DodgyAgent]

Parity?

Will Greece give us a loan?

Where? Bring a bottle? fancy dress?

[Lockhouse]

There's gonna be some profit taking - I think everyone has written Greece out. I'm more surprised it's not moving in the other direction.

[scooterscot]

If you take thoughts away from currency, the direction would seem predictable, IMO.

Europe has confidence, life for the majority is good and they're making stuff.

UK has pessimism, threat of money printing and does not really make anything that people of the world want to buy.

I see the £ declining against the € over the next 2 years at least.

[Lockhouse]

If you take thoughts away from currency, the direction would seem predictable, IMO.

Europe has confidence, life for the majority is good and they're making stuff.

Only for the Northern half of Europe surely?

[TimberWolf]

UK has pessimism,...

And the cuts haven't even started yet. We are still borrowing like Gordon Brown on steroids.

[scooterscot]

Only for the Northern half of Europe surely?

No I'm thinking in terms of people and the people who use euros. The single currency does not care for lines on a map and that's why I'm betting on it.

[doodab]

Gordon Brown on steroids.

That has left me with a truly awful vision of wobbly translucent skinned moobs. I actually had to gargle with mouthwash to get rid of the taste of sick.

[sasguru]

Short term patterns notwithstanding, I'm betting against the Euro long term.
Spain, Portugal, Greece and Italy are basket cases, France is about the same as the UK. Germany is strong for now but its demographics count against it.
All the big countries have bigger government debt-to-GDP ratios than the UK (surprised? its true).
Britain has going for it: better age demographics, the English language, more flexibility and a proven ability to change that the others do not and a world-famous education system at the top level.

HTH

[scooterscot]

Short term patterns notwithstanding, I'm betting against the Euro long term.
Spain, Portugal, Greece and Italy are basket cases, France is about the same as the UK. Germany is strong for now but its demographics count against it.
All the big countries have bigger government debt-to-GDP ratios than the UK (surprised? its true).
Britain has going for it: better age demographics, the English language, more flexibility and a proven ability to change that the others do not and a world-famous education system at the top level.

HTH

I'll have some of what you're smoking too