Reply To: £ drifting towards 1.31 Euro…

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Anonymous
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charlie wrote:
A question for the ‘finance boffs’ out there:

What is the general feeling about how low this slide of the £ against the Euro can go?
Could it actually go below 1.30 or is it all just anyone’s guess and no-one has a clue?

I would think that it all depends on how free of government control the Bank of England really is , if Mervyn King caves into Mc Broon and his cohorts and cuts interest rates by 1/2% then the pound will be on the way to parity. Mr Trinchet of the ECB is made of sterner stuff and will only cut rates when he thinks it right, cutting rates now will be like putting petrol on a raging fire.