Euro conversion rate

Agrivator

Member
Why has the Euro weakened so much against the £?

A few weeks ago, the Euro was about 93p. Now it's less than 85p.

All the naysayers said that Brexit would mean a weaker £. So why has the opposite happened?
 

Muck Spreader

Member
Livestock Farmer
Location
Limousin
The Pound is at a 10 month high against the Euro and 3year high against the Dollar. Probably two things you don't really want atm when you are trying to forge new trade around the world. But a quicker covid recovery will boost the UK domestic economy ahead of the EU or US..
 

Exfarmer

Member
Location
Bury St Edmunds
The Pound is at a 10 month high against the Euro and 3year high against the Dollar. Probably two things you don't really want atm when you are trying to forge new trade around the world. But a quicker covid recovery will boost the UK domestic economy ahead of the EU or US..

So what you are saying is, that we should send all our vaccine to France to hope boost the Euro. Thus slowing down our recovery and lettings the pound slump :unsure: :unsure: :unsure:
 

DaveGrohl

Member
Mixed Farmer
Location
Cumbria
Why has the Euro weakened so much against the £?

A few weeks ago, the Euro was about 93p. Now it's less than 85p.

All the naysayers said that Brexit would mean a weaker £. So why has the opposite happened?
Which chart are you looking at? It's only just gone below 87 today.
 

Pasty

Member
Location
Devon
So when the pound goes down it's bad and when it goes up it's bad? OK. I've learned something today. Saying that stability is good but you can't control that as FOREX is pairs so both must be stable to retain stability.
 

Agrivator

Member
Which chart are you looking at? It's only just gone below 87 today.

Yes. My mistake: I was looking at the forecast of 85p for the end of the month.

But the very significant drop in the value of the Euro wasn't supposed to happen. We were warned that Brexit would result in a massive drop in the value of the £.
 

SFI - What % were you taking out of production?

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    Votes: 79 42.9%
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    Votes: 30 16.3%
  • 50-75%

    Votes: 3 1.6%
  • 75-100%

    Votes: 3 1.6%
  • 100% I’ve had enough of farming!

    Votes: 6 3.3%

Red Tractor drops launch of green farming scheme amid anger from farmers

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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