Sterling: A Coincidence

November 10, 2008

The pound’s weakest value against the D-mark was DEM 2.164 on November 17, 1996, which translates to a synthetic sterling per euro of 0.9038. The pound peaked against the euro on May 4, 2000 at 0.5690 (DEM 3.4440). The pound today hit got as low as 0.8208 per euro (DEM 2.3828), some 10% above the 1995 low. The pound on all three dates had very similar values against the dollar: $1.5385 on November 11, 1995, $1.5436 on May 4, 2000, and $1.5591 today.

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