Reply To: £ drifting towards 1.31 Euro…


From what I have read and also heard in discussions on the topic on the TV the signs are that sterling will depreciate further against the euro.

However, I remember last year reading a circular from a well known currency exchange organisation saying that sterling would fall against the euro and that it would be a good time to cover yourself if you needed to buy euros in the foreseeable future. I did just that only to find a few weeks later that sterling had appreciated against the euro!