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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