Gran Alacant Forum

Gran Alacant Forum => General Discussions => Topic started by: mike and judith on January 09, 2016, 00:12.

Title: Exchange rate
Post by: mike and judith on January 09, 2016, 00:12.

How much lower will the pound go?  & why?
Chinese markets affect us all, & I can't figure the logic - if there is any.

Title: Exchange rate
Post by: John H on January 09, 2016, 09:44.

Hi Mike, despite what we might think of the Euro and the problems it still has it is preferred to the pound as a safe-haven asset by a lot of investors, hence the recent moves in the rate
Will it go much lower?
Who knows with the current worries about the global economy
The rate shot up when they started printing more Euros.....at the time a lot of pundits where saying it would come back to a rate of 1.28/1.32 to the £......good news for our exporters

Regards all

John


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