What is happening to the £

[olive]

It will all depend on how soft or hard Brexit (if it happens) is going to be. My prediction, for what it is worth, is a turbulent two years. Up on good news and down on bad.

Something else to factor in is the Italian banks and bailout/collapse. That will have an affect on the Euro depending on what rabbit(if any) is produced out of the hat. Draghi has said the Euro will survive whatever the cost. We will see as he doesn't have unlimited tools at his disposal. Soros and his ilk could run the Euro to ground but I don't think it suits their agenda at the moment.

[Parilla]

If any of us could answer that question, Miro, we would be buying rather more expensive Christmas presents this year.

Although the Brexit situation is a somewhat unusual case, exchange rate fluctuations these days are less influenced by fundamentals, but more as Olive mentions, by the spivs, barrow boys and other assorted pond life that inhabit the banking and financial services world.

Parilla

[anyroads]

Believe we will settle to about 1.25 before long. After BREXIT, who knows !

Euro is doomed basically.

The powers that be will keep trying to revive the corpse. Italian bank problems / Greece -Spanish unemployment will continue as long as the Euro is in existence. It may be that will be the new norm, and to keep the "experiment " alive, such countries will be obliged to live with lost generations of unemployed.

anyroads