The Mudcat Café TM
Thread #162855   Message #3901670
Posted By: Nigel Parsons
25-Jan-18 - 08:55 AM
Thread Name: BS: Post Brexit life in the UK
Subject: RE: BS: Post Brexit life in the UK
I'm not claiming it was overvalued for the whole of that time. But it was only in Jan 2015 that it started to go above a rate of 1.3 (unless you go back to 2008).

But you must realise (well, should realise) that looking at a graph of the exchange rate between the Pound & the Euro does not actually tell you much about the 'real' value of the Pound. That is why the page I linked to commented on comparing Sterling to 'a range of currencies'.
If the Pound rate improves when looking at the Pound/Euro exchange rate, it can mean either that the Pound is doing well, or the Euro is doing badly (or a bit of both).