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Pound Vs. Euro - Opinions Anyone?

Pound Vs. Euro - Opinions Anyone?

Old Jul 26th 2009, 11:11 am
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Default Pound Vs. Euro - Opinions Anyone?

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?
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Old Jul 28th 2009, 10:21 pm
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Default Re: Pound Vs. Euro - Opinions Anyone?

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
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Old Jul 29th 2009, 2:40 am
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Default Re: Pound Vs. Euro - Opinions Anyone?

Originally Posted by 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?
German dominated currency?
Originally Posted by johnh009
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?
I doubt that very much, as much as I want it to happen I doubt it
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Old Jul 29th 2009, 3:26 am
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Default Re: Pound Vs. Euro - Opinions Anyone?

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
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