Bad News for Me, Good News for the Euro

This article appeared in the Irish Times this morning:

Euro hits record high against dollar

The euro struck a record high against the dollar this morning, extending gains after the Federal Reserve's deep half percentage-point cut in interest rates earlier this week sparked a broad sell-off in the US currency.

The euro climbed to $1.3997 on electronic trading platform EBS, the highest since the launch of the single European currency in 1999 and just shy of the psychologically important $1.4000 level.

That means everything gets more expensive for me. Yikes! However, the pound is dropping, which will ease the strain on my wallet during my trip to London in late October.