GBP v euro

More likely all the uncertainty due to leavers not having a clue what to do and their being no plans in place prior to the leave vote, seems to me there has been at least twelve months wasted along with a pointless election.

The shrinking pound reflects the projected shrinking UK economy. The UK had a prominent and influential position within the largest economic bloc on the planet. Based on misleading information, it chose a path leading to marginalisation; the EU will act in its best interests, and this will impact the UK.

The structure of the UK itself may come under pressure .... Scotland and Northern Ireland, and the UK position as a permanent member of the UN Security Council may be brought into question. All of this undermines the influence of the UK and the "safety" of the GBP.

I'm a little confused the UK has a growth of 2% GDP....which obviously helps UK businesses...that said I'm only interested in the fact that I'm sat on the fence to purchase a small motel in Spain...purely €v£ ...looks like I will have to hold out awhile...👍

It's a perfect storm for the £. Yes Brexit is undermining confidence in the UK. Which devalues the currency. However a major factor is the strength of the Eurozone which is on fire at the moment. Which means the € is the highest performing currency this year by a mile. The tanking £ will recover when / if any clarity is achieved with Brexit. Or if the ECB does something to arrest the strong €. However my view is the days of 1.20+ are long gone for the next 18mths

I agree

Interesting link here .... UK economy slowing down, and Bank of England base rate staying low - factors limiting sterling.

https://www.bloomberg.com/news/articles/2017-07-26/u-k-in-notable-slowdown-with-0-3-growth-in-second-quarter

I read a report (although I can't find it right now) saying the UK GDP growth is lagging every developed economy except the US, yet sterling has tanked against the USD as well.

The euro zone is flawed and always was. Why do you think the euro zone NOT want the UK to leave.  If they did they would make the exit easy...we can and should stand on our own two feet and put the Great back into Britain again....OUT OUT OUT and the sooner the better.!!! 

Uncertainty is the main reason... currency gamblers like certainty and because nothing is sorted they are weary of holding pounds.

The pound has been as low as 1.07 so it has no yet reached the previous low point and I do no believe it will.

Britain is still growing despite the now discredited  experts predicting amregeddon immediatly after Britain voted to leave.

17.5 million voted leave the German dominated EU because they wanted the freedom to make their own decisions that their forefathers had died for,  not having to kowtow to Brussels who are the minnions working for Merkel "do you think anything is agreed without  German say so" if you do you are a fool.

You only have to look at what they did to Greece,and Poland to know what happens if you step out line,  so make sure you do as your told if you are stupid enough to want to stay in the EUSSR. It's not a free trade zone it's a German Prison enabling them to indebt Europe so you can't leave,  whilst selling their products to make you borrow more to pay for them. Reminds me loan sharks making you borrow more and more until you can't escape and they own you. The Germans now own most of southern Europe, Spain included because they are so much in debt. Britain and America Saved Europe from occupation and control by the Nazis, and now they are told what to do by the Frankfurt controlled ECB instead.

The ECB do not own or control Britain and long may that continue

If you live on the Costa Blanca, and like the idea that Brits' future access top the Spanish healthcare system is unclear, and if you like the idea that lots of British-owned businesses in Spain (serving the British community with UK-sourced goods) may be blown away by exiting the single market and the customs union, then good for you.

Just remember ...

UK exports in 2016: ($bn)

India 4.5
Australia 5.4
Japan 6.6
Canada 6.3
China 18.3
US 62.3
EU 203.2

So .... that EU relationship is pretty important then. Pity about those post-Brexit EU tariffs (now confirmed in Commons Select Committee) that will make British goods and services uneconomic. New trade deals with the USA, NZ, Japan etc (if they happen) won't cut it.And here is a nice little video that shows how so many of EU policies that the Brexiteers criticise as "overbearing" were initiated by successive (Labour and Conservative) British governments, and were within the party manifestos that all we Brits voted for. They aren't German at all.
https://www.youtube.com/watch?v=kgu6pFz5oxA

Oh yes, and which economic powerhouse funded  those nice new roads we have here in Spain ?

Only  history will prove the doubters wrong. We are taking our country back and starting to be masters of our destiny again. I wish no ill to all those brits that decided that living in another country was for them....you made your choice....please don't try and critise those of us who voted to leave the European club.