Hurrah for the pound

Many of you know that I'm a true European (read: highly mixed up individual). Therefore you can imagine how important the GBP EUR exchange rate is to me given the fact I am based in the UK but spend a lot of time in stroppy France. I'm delighted to see the pound climb to the heady heights of 1.15 EUR today up from nadir of parity in January. I'm not sure if this is a long term resurrection (history suggests it should stabilise around 1.30 EUR), but it does make things a bit better for me. Although on the other hand it does actually mean I will now have to repay a rather large debt to my wife (it was premised on the exchange rate hitting 1.15 EUR). There you go, another life lesson, every blue sky has a grey cloud lurking somewhere!