Feeble £

[thunderlizard]

from BBC news:

"While the pound went as low as 1.2500 euros, conversely the European single currency touched as high as 80 pence."

-funny that

 

[threaded]

Remind me, is that a good spread or bad?

 

[Turion]

The rate is lousy, but now undervalued due to the expected interest rate cut. As Euro rate are likely to come down also later this year, expect some strengthening later this year, maybe to 1.30 or 1.35.