The Euro....... V .......... GBP

[Ali]

Things are continuing to look better for those on GBP savings, pensions, income.

For me once again there is pleasure from watching the daily graphs, xe.com is one of my favourite past-times, here's a clip from today showing the past 12 months:



Has anyone any views on what the immediate future may hold for GBP v Euro?

[Fli]

I feel that the Euro could be doomed.

Germany is fed up in propping it up with cash its now comparative with the Dollar and at least three countries are wavering on bankruptcy

Back to their own currencies by end of year?.

[stavros]

There could be countries dropping out. (Greece, Spain. Portugal? Italy?) There is too much political capital at stake for France, Germany, Benelux to consider it... so far.
All those rabid europeans preaching "one size fits all" are being obliged to eat their words. Comparisons with Switzerland or the USA are completely stupid - each country in the eurozone sets its own fiscal policy, its own budget, whereas CH and USA are federal systems, with central fiscal policy.
The worst is yet to come, for some.

[raw]

Yes its good news all around, I just hope it lasts, but I am concerned once the UK starts to deal with the huge debt problems its got the markets may turn. Having said that, an increase in inflation is likely and as such this will encourage investors to move money into the UK. I do suspect the roller-coaster ride has some way to go yet and if what we are being told from the UK is true then for a good few years things are going to be very hard. For Euro land the news is just as bad, even the French are now starting to admit that there is a problem with its own debt problems, this story is going to run and run. Certainly I suspect some countries currently in the Euro will have to leave the system or the system will have to be altered dramatically, if not it will implode under the pressure.