The Economist has been running a 'Big Mac Index' for 16 years (based on the principle of 'purchasing power parity'). It puts the euro at 4% undervalued and sterling at 17% overvalued.
http://www.economist.com/markets/bigmac/displaystory.cfm?story_id=472727 -- Terry Simpson Human Factors Consultant [EMAIL PROTECTED] www.connected-systems.com Phone: +44 7850 511794
