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Sterling versus Euro
Andy Hubner
Posted: 20 September 2010 11:12:26(UTC)
#1

Joined: 24/10/2008(UTC)
Posts: 2

Why is it that when four major countries within the Euro mechanism (Greece, Spain, Portugal and Ireland) are struggling economically that the pound sterling still appears to be weaker against this currency?
Deborah Hyde (Citywire)
Posted: 22 September 2010 14:52:14(UTC)
#2

Joined: 10/06/2010(UTC)
Posts: 36

Hi Andy,

There are a couple of reasons why the pound isn't benefitting from the weakness of the economic woes in peripheral Europe, namely because we have problems of our own but also because the economy is being propped up by the massive stimulus from the Bank of England.

Add to that the fact that the euro also benefits from the economic powerhouse that is Germany and that there are signs the Bank of England is ready to do more which could push down sterling and there are few reasons to believe the pound will strengthen against the single currency.

Anyway, we liked your question so much we made a video about it....which you can see here: http://www.citywire.co.u...e-money-latest-news-list
Dian
Posted: 21 April 2017 07:10:04(UTC)
#3

Joined: 09/10/2016(UTC)
Posts: 143

Thanks: 57 times
Was thanked: 37 time(s) in 27 post(s)
Is pound ready for strong rebound? As I thought it may be year for pound as well.

Is snap election a game changer for pound?

https://www.poundsterlin...-deutsche-bank-cancelled
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