Quote:
Originally Posted by Chrysalis
Good old bbc again.
I have just checked the year graph for the exchange rate.
Last year when the euro dropped the bbc got all excited like they are now.
On march the euro then got stronger and I cannot find any bbc news reports reporting this. So someone without checking into it would think it dropped last christmas and then dropped again further now, whilst whats actually happened is its now the same value as last march. I expect it to drop some more whilst the news agencies get all wet over it, but eventually when more interesting news happens it will recover again in the summer.
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I'm not sure what happened to my original link (whether I posted it incorrectly or somehow it got altered) but here it is again:
http://www.bbc.co.uk/news/business-16181054
It states quite clearly that the fall takes the Euro back to levels last seen in Jan 2011. By definition this means that the Euro has been higher since then so I'm not sure what your point is. I don't know what more 'interesting' news there is than the EU/Eurozone being in crisis which it clearly is but I'd have thought that might explain the focus being more on falls in the Euro than the odd increase which has usually greeted the release 'not so bad news' as opposed to genuinely
good news.
Cast your mind back to when Sterling was faring even more miserably against the Euro and the media was fall of reports about the prospect of parity and how awful that was for Brits abroad.