Exchange rates £ & €

[rosierrosierrosier]

Can somebody explain to me how the British £ has been in regards to the € over the last year or so and what we can expect in the next year or two?

I was shocked to see the £ valued at 1.18 Euro today, how long has it been so low?

History? Plenty of websites out there, eg: uk.finance.yahoo.com/q/bc?s=GBPEUR=X&t=5y&l=on&z=l&q=l&c=

Future? Presumably, all the people who have the answer to that are out making (or losing) a fortune on the currency market...

Maybe it will bounce back - after all it's just hit a massive low following a shock. Maybe it will get worse as the concerns fail to be addressed. Pound could fall if BoE cut interest rates. Is that likely?

You were shocked to see that the pound has fallen against the euro? Did you hear about the referendum at all?

Oh yes I Hensin. In actual fact I was just trying to calculate what kind of property I might be able to afford in my home country should the UK decide to kick my family out after decades of being settled here. Sadly, with the £ so low, our choices are more limited. The value of the £ never mattered much to me before as it was strong, I would like to understand just how much it has fallen over the last 6-12 months and the since the brexit the vote.

It's been up and down over the past few years; it was 1.2 about 2 years ago I think. We live in Belgium, so we keep an eye on it for transferring money back to the UK.

I got around 1.27 this time last year, I got 1.17 last week

Don't know if this will work: www.xe.com/currencycharts/?from=GBP&to=EUR&view=1Y
If not, the site I use is xe dot com and then I look at historical currency rates. You can definitely spot when the referendum was!

Thank you.

It's interesting that the euro hasn't weakened much against the dollar. I was expecting it to fall more (I admit to some self-interest here, as DH is paid in US$ and we live in the eurozone).

Suggests that the markets aren't buying the leave campaign's "end times" scenario for the euro/ the EU.

mhm that's interesting Mist

I was looking at a holiday a few months ago. I could have got 1.40 euros to the £.

The Euro crisis was helping the pound.