cjm

Are others raising eyebrows at rate, as of this post €=79p! Implications? Recall when it was €1.50 to the £.

EuroTrash

€=79p is around £1=1,26€. I certainly remember when it was £1=1,75€ ish. I also remember when it got close to £1=1€ and there were squeaks of fear and anguish. So it seems to be somewhere in the middle at present, which is where it's been for a while I think and probably about its right level.

Only an eyebrow-raising issue if you live in one country and have an income from the other, otherwise a euro earned is a euro spent, makes no odds where the £ is at.

cyrian

The £ has become a bit stronger after the Bank of England announced that an interest rate rise was likely to happen before the end-of-the-year.
This is because of the increased growth and improved employment figures in the UK economy and also the London housing market overheating.
Many FX traders were predicting €1.25 by the end of 2014 and we have already passed that.
Good news for UK ex-pat pensioners