Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Cyrille, in 2008 when the housing crisis blew up the Euro was at 1.55 to the Dollar; today it is at 1.17. The Euro has been an undervalued currency these past years as the inability to address the sovereign debt crisis and an expectation of a collapse of the EU combined to suppress exchange rates. Now, with European economies back on a growth path and sovereign debt no longer under immediate threat, the Euro has to regain its value - even if partially. Otherwise a large trade surplus would develop, which for an economy this large is not really possible for long.

On a personal note, you should move your savings into another currency as soon as possible. And since you are leaving the UK you should seek to cash in your retirement policy or whatever other retirement instruments you may have. The Sterling is becoming a toxic currency, there is no telling where it can end.


by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Wed Aug 23rd, 2017 at 12:03:24 PM EST
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