Sterling recovers

[Mich the Tester]

Which year?!?!

It's up to you to guess that bit; you've been provided with a start.

[AtW]

That's my point. All we know is that prices for different things go up and down, and no-one can really predict them.

There is one thing you don't take into account - at low enough rate it would make a lot of sense to join eurozone and remove currency risk altogether.

[AlfredJPruffock]

Which year?!?!

2009 bien sur ...

[sasguru]

When?

more agile,.... eurozone.

The Eurozone is more agile than the UK?
No wonder you have been overwhelmingly voted the Village Idiot of the Year.

[Cyberman]

The Eurozone is more agile than the UK?
No wonder you have been overwhelmingly voted the Village Idiot of the Year.

For once I agree with Assguru !!!

[AtW]

The Eurozone is more agile than the UK?

It's the pound that's in the crapper right now, not the euro - they make a lot of real stuff there and lots more people live there making it much more attractive economy for investment.

The UK needs to join stronger currency union, even if that will be becoming 52nd state of US and using dollar here.

[AtW]

2009 bien sur ...

Once new UK budget is out (April 2009?) and scale of losses is a bit more clear the pound will drop further (against all currencies with possible exception of Zimbabwean dollar), we should see pound lower than euro and a lot lower in tourist rates.

[AlfredJPruffock]

It's the pound that's in the crapper right now, not the euro - they make a lot of real stuff there and lots more people live there making it much more attractive economy for investment.

The UK needs to join stronger currency union, even if that will be becoming 52nd state of US and using dollar here.

Non !!!

Were an Island race - say what you like - whilst we can and do participate in the European Union we will never surrender our Currency.

[AtW]

Were an Island race - say what you like - we will never surrender our Currency.

That already happened when UK left gold standard. After that currency became essentially virtual, might as well change name on the paper if that helps remove future currency risks - euro is reserve currency now that achieved its objective of being able to balance out dollar, sterling is a 2nd tier currency now, probably ranking below yen in global importance.

[Cyberman]

It's the pound that's in the crapper right now, not the euro - they make a lot of real stuff there and lots more people live there making it much more attractive economy for investment.

The UK needs to join stronger currency union, even if that will be becoming 52nd state of US and using dollar here.

That's because we have lower interest rates, but we have lower interest rates because we are applying 'a tourniquet' to the 'wound' in our economy. The EU is watching on the sidelines and will ultimately fair worse because of their dithering IMO, and ignorance to the power of interest rate policy.