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Wednesday 28 April 2010

That's not the whole story is it?

The BBC report that 'European stock and debt markets continue to be hit by worries over Greece's heavily indebted economy, as the euro also falls.' Trouble in Euro-land, thank heavens we are not members of it, would seem to be the subtext. Let's leave aside that the BBC's current blue eyed party would have taken the UK into the Euro years ago and that the BBC in-house policy has always been pro the Euro for the UK, what is actually going on in the markets? The BBC line would seem to be that the Euro is falling, let's have a look... At 1pm, the BBC show Sterling down 0.66% against the Euro so which currency is suffering more, the Euro or Sterling?

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