ECB

I see the ECB has unexpectedly cut the interest rate to 0.25% today.

This should stimulate the Eurozone economy and also make the £ stronger against the € (the exchange rate is currently hovering just under 1.20   ).

Thanks Ghiro... Yep the pound has been going up against the Euro for 3-4 days now, perhaps those finance people know these things in advance....     I thought (and still do in part), it was because the UK is reported to have the fastest growing economy in the Western world at the moment!!! Could it be the reason for this cut! Who knows... Just need to find some cash to convert to Euro's and decide when to go for it now!  

Is any of this likely to change 'our' world here ?  I suppose it may improve the chances of Brits buying over here which is good if people are struggling to sell but not much else ?

V

Vicino wrote:Is any of this likely to change 'our' world here ?  I suppose it may improve the chances of Brits buying over here which is good if people are struggling to sell but not much else ?V

Well yes a little or perhaps more if you are busy buying or doing work on a house here in Italy. For most of us it's a few more Euro when we exchange.... every little helps   

Just exchanged some sterling for our renovation at just under 1.9 - always a dilemma re do you hold out for longer - but then also run the risk of it falling back.  Bird in hand and all that!

And that should read 1.19