Comments on: My del.icio.us bookmarks for March 22nd through March 24th http://www.accmanpro.com/2008/03/24/my-delicious-bookmarks-for-march-22nd-through-march-24th/ Thu, 09 Feb 2012 10:01:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Rick Falkvinge (pp) http://www.accmanpro.com/2008/03/24/my-delicious-bookmarks-for-march-22nd-through-march-24th/comment-page-1/#comment-4631 Rick Falkvinge (pp) Mon, 24 Mar 2008 14:04:23 +0000 http://www.accmanpro.com/2008/03/24/my-delicious-bookmarks-for-march-22nd-through-march-24th/#comment-4631 that should have been 1.52-1.28 euros per pound sterling, sorry, not the other way around that should have been 1.52-1.28 euros per pound sterling, sorry, not the other way around

]]> By: Rick Falkvinge (pp) http://www.accmanpro.com/2008/03/24/my-delicious-bookmarks-for-march-22nd-through-march-24th/comment-page-1/#comment-4630 Rick Falkvinge (pp) Mon, 24 Mar 2008 14:03:15 +0000 http://www.accmanpro.com/2008/03/24/my-delicious-bookmarks-for-march-22nd-through-march-24th/#comment-4630 Yes, I have been following the Pound Sterling's decline against the Euro with increasing curiosity. From 1.52 pounds per euro at the start of 2007, to 1.28 today. That's a remarkable drop, quite comparable to the decline of the US Dollar. <a href="http://finance.google.com/finance?q=GBPEUR&hl=en" rel="nofollow">chart at Google Finance</a> Compare the SEK/Euro rate, which has been holding steady at between 9.0 and 9.4 SEK per euro - a much smaller span and more stable. But I can't find any cause for the GBP's drop, other than the UK being tightly tied to the US politically. It's true that there are Pounds Sterling in some currency reserves, but not an overwhelming amount - more like just enough to diversify a little. Yes, I have been following the Pound Sterling's decline against the Euro with increasing curiosity. From 1.52 pounds per euro at the start of 2007, to 1.28 today. That's a remarkable drop, quite comparable to the decline of the US Dollar.

chart at Google Finance

Compare the SEK/Euro rate, which has been holding steady at between 9.0 and 9.4 SEK per euro – a much smaller span and more stable.

But I can't find any cause for the GBP's drop, other than the UK being tightly tied to the US politically. It's true that there are Pounds Sterling in some currency reserves, but not an overwhelming amount – more like just enough to diversify a little.

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