Quote Originally Posted by South-east boy View Post

Why the £ has never risen to like the 1.3-1.4 Euro's to the £ like it used to be given how badly many countries in the Euro are doing such as Greece, Italy, Portugal, Spain and Ireland beats me!
The value of £ vs € isn't directly linked to the economic fortunes of UK vs EUzone. It is far more complex than this, but in simplistic terms, the value of Sterling started falling when bank base rates tumbled. As BoE BR fell, sterling became a less attractive investment to the institutions who buy billions of foreign currencies every day. As ECB BR is higher than ours, the Euro is still more attractive to foreign investors than Sterling.
Whilst a weak pound isn't good for us when we go on holiday, it is actually very good for British business' who export to the EU as the price of British goods are cheaper and therefore more competitive.
The only way the pound will regain it's losses against the Euro is for the BoE to increase the BBR No thanks, I'm on a tracker mortgage.