So the sterling to euro exchange rate has begun to creep up again, to around the 1.15 mark, which I think is something to do with the news that Greece has gone cap in hand to the IMF, despite saying for ages that they wouldn't need help. so it looks, I suppose to the markets that the eurozone may suffer for longer than the UK, because of having to drag the PIIGS out of the proverbial shit.
But, at the same time, it now looks increasingly like we may have a hung Parliament in the UK, which would supposedly be bad for sterling as there will be no clear economic policy or agreement, and hence uncertainty, which the markets hate.
So which one is it, and can we rely on anything affecting the markets in the way we expect, any more ?
Thursday, April 22, 2010
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