Euro, dollar, & pound

[scooterscot]

Now the debt ceiling business is over, why is the euro climbing against the the dollar & pound today?

What's the thinking?

Euro is almost up a cent on the dollar & the pound.

[AtW]

Euro is almost up a cent on the dollar & the pound.

No default means US will continue to buy EU products, so demand for euros will grow.

HTH

[MarillionFan]

I need the pound to collapse against the dollar. Has it started yet?

[Dominic Connor]

A big factor in the exchange rate for a currency is real interest rates, ie rate minus
inflation, it implies that Euro interest rates will be higher than US ones.

[AtW]

I need the pound to collapse against the dollar. Has it started yet?

Yes - about 100 years ago.

[DodgyAgent]

Now the debt ceiling business is over, why is the euro climbing against the the dollar & pound today?

What's the thinking?

Euro is almost up a cent on the dollar & the pound.

The Scottish economy holds the £ down

[scooterscot]

The Scottish economy holds the £ down

Alway us versus them with you. Mud sticks, as they say, and you certainly deal it out.

FYI: in today's time:

Scotland outshines rest of UK in economic progress

Scotland outshines rest of UK in economic progress | The Times

Surges in Scotland’s growth and employment were hailed yesterday as “significant economic progress” by John Swinney, the Finance Secretary.

Official statistics showed that the economy grew by 0.6 per cent between April and June, the biggest quarterly growth for three years, and that employment between June and August rose to the highest level for five years.

With both measures showing Scotland performing better than the UK, Mr Swinney said that “with the full fiscal and economic powers of independence, the Scottish government could do yet more to strengthen our economy and create more jobs”.

[CheeseSlice]

Now the debt ceiling business is over, why is the euro climbing against the the dollar & pound today?

What's the thinking?

Euro is almost up a cent on the dollar & the pound.

Shhh.. don't tell the Germans, its a secret stitch up and they're not looking.

Carry on about your business quietly.