johnh009

So, has the UK been smart and let the pound devalue early in this declining economic cycle to help their exports, thus leaving the rest of Europe with a high value German dominated currency?

Or, is this a ploy by the UK politicians to bring the pound to the level of the Euro to use this as an excuse for introducing the Euro to the UK?

Any opinions?

hitchw

I just think that Sterling is undervalued at the moment and signs of recovery in the housing market and consumer confidence could see the rate move up... Looking online, mortgage approvals has moved up and although only slightly, since then the rate has moved in favour of the pound although just a

Will

MacLover

German dominated currency?
I doubt that very much, as much as I want it to happen I doubt it

greghal

I think we will see the rate move towards 1.20, however maybe not until the end of the year, and alot can happen between now and then