Re: Re: Pound above 1.2 Euros for first time since November 2008

#98924
peterhun
Participant

@Chris McCarthy wrote:

Come on guys, this is good news for the visitors to this forum.

Well, it is if you ignore the reason for the fall of the Euro; the possible demise of the currency (or the exit of certain members such as Spain or Germany). The latest fall is down to Hungarian declaration that it will possibly default on its debt which will take out EU banks. A financial Armageddon in banks isn’t domething to be cheering about if you are hoping for property sales to increase.

http://business.timesonline.co.uk/tol/business/markets/article7144365.ece