Exchange rate.

I think its not a case of the Euro going up but down, the situation in Europe now is going to get very bad with the two new governments fighting to please the people.

Just my few but its the end of the Euro for a lot of countries.

Hi Andi,
The shares going down and pound going up is a normal occurence,the reason I believe is that if big pension companies feel that the U.k is weak they withdraw money by cashing in shares and depending which commodity they feel will strenghten,be it oil,gold ,copper or currency,that is where they put the cash,hoping for a better return.As for the pound it is near a four year high against the euro,this is not because the pound is strong,it is purely because the euro is weak,Against other currencies the pound is still weak,as it is an unwanted currency although not as unwanted as the Euro.When you say the euro shoots up,i think you mean that you get a higher rate for the pound into Euros.This is good news for people living here,whose pensions etc.are paid in UK pounds,but bad news for the unfortunate people who have to sell houses in Spain and return home to the U.K. as they have to convert the Euros they get from the sale into U.K. pounds,which will mean an even bigger loss on the already poor price for their property.That is how i read it,but if someone thinks differently,please let us have your comments