Money Makes The World Go Round

You might be exchanging your pounds for euros but it’s worth taking a closer look at how other currencies and countries are faring too, says Matthew Harris

- Matthew Harris

With sterling continuing to be mired in volatility, and generally of the negative kind over the past 18 months, it is sometimes better to take a wider view of what is going on in the world, and how other countries and currencies are faring in their exchange rates when buying and selling euros. There is a lot happening in the UK as well, but it is important to look around our now global village for factors that affect us all.

Firstly, a look at the continent itself, as this affects all euro exchange rates. The euro as a currency seems remarkably strong for the first time in a long time, and is arguably the strongest of all the major currencies for the first time in its history. With Greece staying out of the headlines, and Italian banks being propped up by the government, it seems like the two biggest risks to the survival of the single currency are over for now.

Looking at the wider picture on the continent, economies in most countries are continuing to expand, and at a faster pace than at least the UK.

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