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**Chris** · 08-05-2012, 13:57

Yes indeedy - current mid-market rates are 80.5 pence to the Euro, or €1.24 to the pound (tourist rates are not quite as good, reported as €1.20 in the news at 1pm). Still, the Euro has a way to fall before it hits the rate it was at a decade or so ago, when IIRC it was more like €1 = £0.68.

---------- Post added at 13:57 ---------- Previous post was at 13:56 ----------

Addendum ... the 10-year chart at xe.com is interesting:

http://www.xe.com/currencycharts/?fr...o=GBP&view=10Y

It looks as if the Euro's jump to the 80 pence-plus level coincided with the crash of 2008. Do we have any money market experts to explain why that would be? Was the Euro initially perceived as a safer port in the storm?

08-05-2012, 13:57	#634
Chris Trollsplatter Join Date: Jun 2003 Location: North of Watford Services: Humane elimination of all common Internet pests Posts: 38,138	Re: Eurozone will collapse... Yes indeedy - current mid-market rates are 80.5 pence to the Euro, or €1.24 to the pound (tourist rates are not quite as good, reported as €1.20 in the news at 1pm). Still, the Euro has a way to fall before it hits the rate it was at a decade or so ago, when IIRC it was more like €1 = £0.68. ---------- Post added at 13:57 ---------- Previous post was at 13:56 ---------- Addendum ... the 10-year chart at xe.com is interesting: http://www.xe.com/currencycharts/?fr...o=GBP&view=10Y It looks as if the Euro's jump to the 80 pence-plus level coincided with the crash of 2008. Do we have any money market experts to explain why that would be? Was the Euro initially perceived as a safer port in the storm?