18 Oct 2016

Exchange rates - NOT amateur radio

See https://uk.finance.yahoo.com/currencies/investing.html for how the UK pound is fairing against other currencies. Although I voted to remain in the EU, I can see the Euro weakening in the next 18 months. The UK (a big contributor to the EU pot) is leaving, the Greeks have little prospect of ever repaying their debts and there is a general sentiment that the EU is dated and holding back its members.There is no doubt that the UK will have a difficult few years, but the EU is in for a rough time too.

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