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You show the comparison to the dollar - but relative to the pound the euro is now approaching its highest point ever, which was overvalued (and did not last long at all).

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

by Cyrille (cyrillev domain yahoo.fr) on Wed Aug 23rd, 2017 at 12:21:47 PM EST
[ Parent ]
I've been at it for about four years, casually, meaning posting groups of pair rates at calculatedrisk weekly. I started to do so in rhetorical defense of EUR and RMB for which the nativist' contempt had no bottom known to Anglo-merican business press best practice in exploiting the ignorance of the common "man".

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 Cat on Wed Aug 23rd, 2017 at 01:14:50 PM EST
[ Parent ]
OMFG. I'll never forget the jackass who insisted "USD/EUR".

Diversity is the key to economic and political evolution.
by Cat on Wed Aug 23rd, 2017 at 01:16:57 PM EST
[ Parent ]

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