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 - Jul 19 12 comments
by Bernard - Jul 16 35 comments
by Oui - Jul 14 3 comments
by Oui - Jul 19 17 comments
by Frank Schnittger - Jul 14 15 comments
by ARGeezer - Jul 10 18 comments
by eurogreen - Jul 8 8 comments
by Frank Schnittger - Jul 10 27 comments
by Frank Schnittger - Jul 1912 comments
by Oui - Jul 1917 comments
by Oui - Jul 181 comment
by Bernard - Jul 1635 comments
by Frank Schnittger - Jul 1415 comments
by Oui - Jul 143 comments
by ARGeezer - Jul 1018 comments
by Frank Schnittger - Jul 1027 comments
by Oui - Jul 98 comments
by eurogreen - Jul 88 comments
by Frank Schnittger - Jul 532 comments
by gmoke - Jul 439 comments
by Frank Schnittger - Jul 252 comments
by Frank Schnittger - Jun 26106 comments
by Oui - Jun 219 comments
by Frank Schnittger - Jun 2032 comments
by IdiotSavant - Jun 2013 comments