The Euro

[wurzel]

What's going on? Looked this morning on XE.Com & it was almost touching 1.16.
Link
Has gone up 2 cents in the past 2 days, I'd have thought it would have gone in the opposite direction given the news about the economy this week.

[AlfredJPruffock]

Financial Markets were spooked by dissapointing economic news from Germany whilst Greece and Ireland continue to experince severe economic problems - UK is just now emereging from the worse of the recession with modest growth prospects by end of the 2nd Q - I expect Sterling to be trading in the gange of 1.19 - 2.20 at that point.

Oh and of course its the perceived wisedom of the CUK readership that Sterling is heading for parity therefore you can bank on the exact opposite.