The FTSE 100 share index has recovered a little of the big losses of yesterday when the markets were spooked by the slowdown in China and possible interest rate rises in USA. Sepura (my old company) lost ground a bit today.
Against the euro, the pound got better today ending up at 1.418 euros to the UK pound. I still think a Greek exit from the euro is highly possible as I cannot see a quick fix to their debt problems. The Greeks still hate the Germans as a result of WW2. This could end in real disaster for Greece. A return to their old national currency would not be an easy move.
Have you noticed how the Japanese yen has weakened in recent years? Not many years ago it was about 125 yen to the UK pound. Now it is more like 183 yen to the UK pound and has been as high as 189 yen to the pound.
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