Wednesday, December 31, 2008

Euro Approaching Parity with Pound Sterling

Guardian (hat tip Credit Writedowns):

The world’s foreign exchanges were today readying themselves for parity between sterling and the euro after further selling sent the pound to within touching distance of a one-for-one exchange rate against the European currency.

The euro has risen by almost a third against the pound in the course of 2008, with an 18% appreciation in December alone. Sterling’s trade-weighted index against a basket of currencies fell to 74.2% of its 2005 value, its lowest since the Bank of England first kept daily records in 1990.


  1. it's time to get the euro!

  2. let's get the euro! pound is very weak.