Uhhhhh:
You boldly stated that European will reduce rates to support the falling US$. They care about the $ much less than they care about their own economies and financial markets. Hence, as evidenced by today's Bank of England move, interest rates will not be reduced and, more likely, raised in Europe.

Finally, I certainly believe that a qualified professional's opinion is more valuable in my mind than an untrained armchair analyst like you.

There are more variables than just the exchange rates. And, exchange rates in "Europe" vary from one currency to another. Euros? Swiss Francs? Russian Rubels? Kronors?

Often, when the "exchange rates" are not all that favorable, air fares and hotel rates are, all depending upon where you plan to visit.

Since "thinking of making a trip" is a rather unclear endeavor, the rate of exchange is probably not the most significant issue in determining whether you go or not.

For example, once you determine your budget, if you have one, you can go anywhere you like, irregardless of the exchange rate. Your budget will determine how long you can stay.

Or, your could book an escorted tour of some sort, with air fare, transfers, hotel, meals, touring and sightseeing all included, for which you would pay in American Dollars, and you'd need only worry about the "exchange rate" with regard to souvenir purchases and shopping, in which case any fluctations would be rather insignificant in the overall.

Or, you could research and figure out which of the European exchange rates are more favorable than others at the moment.

Or, you could plan travels to the Orient, South America, Canada, Australia, New Zealand, etc., when those rates are most favorable for traveling.

Or, you could vacation in the USA (assuming that's where you live) when NONE of the international exchange rates suit you and save your international travels for when the rates are more favorable.

I'm wondering here - WHERE is ELSEWHERE?

While I certainly didn't mean to open this can of worms, I see I didn't make myself too clear on what I was wondering...

I am not speaking of Euro's but of the Pound. British Pounds vs. US Dollar is at $1.83.

While I am not to clear on the how's and why's [no financial guru here...just your regular Joe curious to thoughts on the price coming down...at $1.83, you are almost paying double for anything you do or want to do, and many of my British friends are even reconsidering visits back home at this time].

I can take, from these comments that most feel it should be a bit better toward the end of the year for the Euro, and thus the GBP?

thank you again...and thank you for being patient and kind for those of us that are financial knowledge challenged.

get it right, rcc..... note the last five words of the following...

"european finance leaders...will most likely reduce their interest rates should the usd continue to fall."

and btw, was it sweden that cut interest rates today?