Re: Re: Pound lost 9% in 1 month versus Euro.


Sterling has probably reached fair value against the Euro 1.14 and the Dollar 1.54.
If you compare what identical things cost in the Eurozone to the UK, making allowance for extra taxation you will find prices are fairly similar at these currency levels. In fact you could even justify Sterling parity with the Euro. It’s this that currency traders see as a goal to reach and short the currency as a result.

It has nothing to do with economic fundamentals. Most of Europe is in the same dire situation, it’s just dealers making a buck.