The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
On a personal note, you should move your savings into another currency as soon as possible. And since you are leaving the UK you should seek to cash in your retirement policy or whatever other retirement instruments you may have. The Sterling is becoming a toxic currency, there is no telling where it can end.
You might find me At The Edge Of Time.
So we are not in "partially regaining its value" territory, we are in having got there and looking like it's going to keep moving.
As for our savings they are of three kinds:
-Our flat, which we cannot cash until we find a buyer (and though it is for sale, it is unlikely that it will be sold many months before we can move);
-Our ltd company, which cannot be wound up until after it ceases trading, so even if we were to find a way for my wife to charge differently after she returns from maternity leave, we could not trigger the process before December, and it takes at least 6 months;
-Our pension pots, which by law can no longer be moved to France until we reach 55, which is many (many - I insist ;-) ) years later.
So we are pretty much stuck with Sterling for the time being.
Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
My source was always finance.yahoo! close.
(It kinda sux yahoo! abandoned permalink to pairs, but I really appreciate the site recent re-design from ratio to identity notation. e.g. 1 GBP = x RMB. It was annoying to me to annotate ratio with a sentence, "One pound buys x euros" or "One yuan buys x US dollars.")
In short, USD:EUR has been trading between 0.89 and 0.98 in the period. Low volatility in my book which is "The Purpose of Currency Manipulation by Central Banks is to Eliminate Large Margin Profit Taking Opportunities".
Diversity is the key to economic and political evolution.
by Frank Schnittger - Jan 16 6 comments
by Oui - Jan 7 13 comments
by gmoke - Jan 4 6 comments
by Oui - Jan 12 1 comment
by Frank Schnittger - Jan 3 41 comments
by Frank Schnittger - Dec 31 32 comments
by Oui - Dec 28 2 comments
by Oui - Jan 191 comment
by Oui - Jan 175 comments
by Frank Schnittger - Jan 166 comments
by Oui - Jan 154 comments
by Oui - Jan 13
by Oui - Jan 121 comment
by Oui - Jan 76 comments
by Oui - Jan 713 comments
by Oui - Jan 5
by gmoke - Jan 46 comments
by Frank Schnittger - Jan 341 comments
by Oui - Jan 1
by Frank Schnittger - Dec 3132 comments
by Oui - Dec 303 comments
by Oui - Dec 282 comments
by Oui - Dec 271 comment
by Oui - Dec 224 comments
by Frank Schnittger - Dec 225 comments
by Oui - Dec 221 comment
by Frank Schnittger - Dec 2117 comments