Baker lite
Banned
I think you have confused the $ rate and the EURO rate.
Here’s a graph of the GBP/EURO for the last 10 years. As you can see, it’s been as low as 1.02 in that time. Yes, Brexit uncertainty has caused the rate to drop, but markets hate uncertainty. It’s highest point in the last 10 years is 1.44 not 1.60.
I would estimate (from looking at the 10 year chart) the average rate has been close to 1.20 - 1.25.
https://www.xe.com/currencycharts/?from=GBP&to=EUR&view=10Y
Don’t let the truth get in the way of a good story....
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