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The valuation of the Euro seems to be very vulnerable to the latest political news in Europe. Nothing to do with the fundamentals.

Also, it is pretty obvious that the Pound has been a tad overvalued relative to the Euro for a while. The same retail item will often be priced the same numerically in Dollars, Euros and Pounds.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Tue Nov 22nd, 2005 at 12:15:00 PM EST
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I've never seen that. 1.75 to 1 is a pretty big difference.
by Lud on Tue Nov 22nd, 2005 at 01:45:06 PM EST
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