The Effects of the Irish Debt Crisis on the Pound - Euro Exchange Rate
The Effects of the Irish Debt Crisis on the Pound - Euro Exchange Rate
Excellent GBPEUR rates remain For now
We are still seeing some excellent trading levels on the GBPEUR rate and the feeling now is it may not last.
The Irish bailout has pretty much been confirmed although it is not being termed a bailout, more a loan. I don't personally think there is much difference! Either way the reality is they are going to have to ask for some assistance and the story is quite well documented now. And because of the UK's involvement financially it hasn't had a massive impact on the GBPEUR rate.
What I would expect to cause some further volatility would be news that the scale of the problem is worse than expected or the news that Spain, Portugal or Ireland are going to require similair help.