Why is GBP tanking again the Euro all of a sudden?

[TykeMerc]

Well yes, they're just numbers in a ledger. But by doing it away from the banks all pretence of a conversion is shed.

Is there an international exchange rate for sheds then? Do you get a swiss alpine shelter for a typical Brit garden wooden jobby with wonky hinges?

[d000hg]

They keep the money in a shed.

[Zero Liability]

Well the BOE has been issuing quite doveish statements as of late which may be part of why this is so. Equally maybe there's little faith in how effective Eurozone QE will be, plus the whole Greek situation seems to be priced in now.