Pound In Record Low Against The Euro

mr chris · 12-11-08, 01:23 PM

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 · 12-11-08, 02:03 PM

Quote:

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 · 12-11-08, 04:26 PM

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 · 12-11-08, 04:27 PM

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 · 12-11-08, 04:30 PM

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

Letum · 12-11-08, 04:34 PM

Quote:

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 · 12-11-08, 04:46 PM

Quote:

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 · 12-11-08, 05:05 PM

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

Jimbuna · 12-12-08, 04:13 PM

Quote:

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 · 12-13-08, 05:11 AM

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.

Jimbuna · 12-13-08, 05:52 AM

I agree....and am definitely a subscriber to the 'Britain is an island race' lobby.

goldorak · 12-13-08, 06:06 AM

Quote:

Originally Posted by jimbuna

I agree....and am definitely a subscriber to the 'Britain is an island race' lobby.

Lets see, in the seventies Britain and the pound were saved by the IMF otherwise it would have gone into default. What makes you think that such a situation won't ever happen again ? And do you honestly believe that the IMF would come to your rescue again ?

Just accept the fact that you are part of the EU and ditch the pound. It serves you no good.

XabbaRus · 12-13-08, 06:13 AM

How can you say that?

goldorak · 12-13-08, 06:26 AM

Quote:

Originally Posted by XabbaRus

How can you say that?

Look at the pouding the pound is taking (no pun intended).
And I don't think it will stop, it will plunge even more. What I've never understood on the other hand is why you english hate so much europe and don't want to participate in european affairs, but when you receive european funds all is good and dandy eh ?

If you don't want to be part of europe its ok, but don't stay with one foot in and one foot out.
De Gaulle was so right about the english and why he oposed so strenously their entry into the EEC. Leave them to themselves.

XabbaRus · 12-13-08, 06:41 AM

Part of the reason why is because the way the euro commission just wants to impose something which we have no say as to whether we want it or not.

Also it seems very much a one policiy fits all situation. The ECB sets rates on the economy as a whole and you can get some countries in the EU which are doing really well but get hit when ECB makes a change in fiscal policy because maybe the rest aren't doing so well.

You might say that is the same in the UK with some regions preforming better than others but europ is a bit more complicated that that.

I have no problem with Europe as a trading bloc with harmonised technical standards etc to make it easier to sell a product across Europe but the whole thing is getting too political and going as far as wanting to be able to dictate the tax rates set by individual governments.

12-11-08, 01:23 PM	#1
mr chris Silent Hunter Join Date: Apr 2005 Location: Herefordshire, England Posts: 3,562 Downloads: 216 Uploads: 0	Pound In Record Low Against The Euro 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. __________________

12-11-08, 04:26 PM	#3
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	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. __________________

12-11-08, 04:30 PM	#5
mr chris Silent Hunter Join Date: Apr 2005 Location: Herefordshire, England Posts: 3,562 Downloads: 216 Uploads: 0	I very much doubt that would happen in the current economic climate. __________________

12-11-08, 05:05 PM	#8
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	Ti is something that has been murmered in certain circles but know it won't happen. Not yet anyway. __________________

12-13-08, 05:11 AM	#10
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	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. __________________

12-11-08, 04:27 PM	#4
subchaser12 Sonar Guy Join Date: Oct 2008 Location: Spam, duplicate accounts, provoking moderators. Posts: 377 Downloads: 0 Uploads: 0	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.

12-13-08, 05:52 AM	#11
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,938 Downloads: 63 Uploads: 13	I agree....and am definitely a subscriber to the 'Britain is an island race' lobby. __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

12-13-08, 06:13 AM	#13
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	How can you say that? __________________

12-13-08, 06:41 AM	#15
XabbaRus Navy Seal Join Date: Sep 2001 Posts: 5,330 Downloads: 5 Uploads: 0	Part of the reason why is because the way the euro commission just wants to impose something which we have no say as to whether we want it or not. Also it seems very much a one policiy fits all situation. The ECB sets rates on the economy as a whole and you can get some countries in the EU which are doing really well but get hit when ECB makes a change in fiscal policy because maybe the rest aren't doing so well. You might say that is the same in the UK with some regions preforming better than others but europ is a bit more complicated that that. I have no problem with Europe as a trading bloc with harmonised technical standards etc to make it easier to sell a product across Europe but the whole thing is getting too political and going as far as wanting to be able to dictate the tax rates set by individual governments. __________________