jay_mcfc
Well-Known Member
The pound is being propped up against the euro purely because of political unrest across Europe. The euro is awaiting the result of the French election and the possibility of a Le Pen victory is eating into it. It will rise against the pound if, as expected, Macron wins before attention turns to the Elections in Germany later in the year. If both elections go in favour of Europe then the pound will have much further to fall. Whether that's a good or bad thing medium to long term is a matter for discussion.