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Renewed pressure is being placed on the euro, the 16-nation currency that is watched closely by financial analysts, as the British pound reached a 19-month high against it. Recently, the pound rose by half a cent, achieving a value of 1.2389 euros. This is the highest number that the pound has achieved since just after the financial crisis that occurred back in November of 2008. When combined with other recent news, including declines in many markets and banks that are scrambling to repay low-interest loans, the increasing value of the pound versus the euro is being viewed with concern. While thousands of people in the UK turn to cash advance services to weather this financial storm, it remains unclear whether or not the tide will soon turn. (more…)