After both the BOE and ECB both kept there respective rates unchanged today the pound has crept up to nearly 1.27, I think this will be the trend for the next few months with liitle change likely to intrest rates due to fears of inflation against resession. If the BOE and ECB rate keep at the same margin the pound will edge stronger because every body knows there is only one power in euro land and its not Spain
Only my opinion
Daily Telegraph very bearish AS USUAL about Europe and the Euro in general and Spain in particular.
Certainly exciting times.