Pound In Record Low Against The Euro

[mr chris]

http://news.bbc.co.uk/2/hi/business/7777448.stm

Still not enough for me to ever think about getting a posting back to the UK.
Means my wage wont go as far. But im sure my overseas allowance will go up to make up the shortfall.

[goldorak]

Originally Posted by mr chris

http://news.bbc.co.uk/2/hi/business/7777448.stm

Still not enough for me to ever think about getting a posting back to the UK.
Means my wage wont go as far. But im sure my overseas allowance will go up to make up the shortfall.

This is excellent new for those continental europeans that shop on amazon.co.uk. 200 € for a retail vista ultimate is too bad the os is poop.

[XabbaRus]

Some say the pound was overvalued anyway. These things go up and down so I'm not to concerned. The euro has been edging for some time now.

[subchaser12]

I heard the British might be ditching the pound and taking up the Euro. Any truth to that? I can't remember where I got that, NPR maybe.

[mr chris]

I very much doubt that would happen in the current economic climate.

[Letum]

Originally Posted by subchaser12

I heard the British might be ditching the pound and taking up the Euro. Any truth to that? I can't remember where I got that, NPR maybe.

No strong evidence at the moment.

Iceland is considering joining the EU as a result of the financial crisis tho and N.Ireland is expected to turn towards the EU more after the next Lisbon Treaty referendum.

[bookworm_020]

Originally Posted by subchaser12

I heard the British might be ditching the pound and taking up the Euro. Any truth to that? I can't remember where I got that, NPR maybe.

From what I've heard and read, there is very little support for that to happen in the UK, as it would reduce the ability to react to any finanical problems they are unique to the UK and not the rest of the Euro zone.

[XabbaRus]

Ti is something that has been murmered in certain circles but know it won't happen. Not yet anyway.

[Jimbuna]

Originally Posted by subchaser12

I heard the British might be ditching the pound and taking up the Euro. Any truth to that? I can't remember where I got that, NPR maybe.

Too much suspicion currently regarding the EU amongst the british electorate for any government to gamble on.

[XabbaRus]

At the moment though who knows what the Fuhrer Brown will decide.

The thing is haveing the pound even a weak one gives us independence.

The euro thing when setting rates doesn't account for those countries whose economies are doing well while others are not. The ECB sets the rate based on an average so it can sting certain countries.