Boaty in a roundabout way

[Birvidik_Bob]

We're trying to sell our boat and buy an inland waterways boat in the euro area.

My question to the panel is:

If the Euro area is supposed to be going to Hell in a handcart, how come Sterling is plummeting like a breeze block against the euro?

 

[Easticks28]

It's Quantative Easing. With interest rates on savings as low as they are, nobody wants Sterling. Goverment policy seems to be to keep the value of the currency low 'in order to encourage exports'.......

 

[BERT T]

It's Quantative Easing. With interest rates on savings as low as they are, nobody wants Sterling. Goverment policy seems to be to keep the value of the currency low 'in order to encourage exports'.......

Export what? They have screwed up manufacturing from one end of the country to the other.

 

[Davegriff]

If they refered to it by its proper name - devaluation - we may all understand what 'quantative easing' means, whatever the economists try to fob us off with....

 

[dunedin]

Because looking objectively at many of the fundamental measures UK, and hence GBP, is economically in a worse place than the average of Euro land.