ukdobby Posted October 4, 2011 Share Posted October 4, 2011 If the Eurozone is in such a state why hasn't the pound gone through the roof against the Euro. Link to comment Share on other sites More sharing options...
LDeville Posted October 4, 2011 Share Posted October 4, 2011 If the Eurozone is in such a state why hasn't the pound gone through the roof against the Euro. Hi There is a very simple answer to that. We pride ourselves on the extensive knowldge we have on numerous subjects, fact Simple ans is: The Euro is kept artifically high to stop it from melting away. The sad thing is, if it melted away tomorrow, even us in england would be very affected, fact. Link to comment Share on other sites More sharing options...
LeMaquis Posted October 4, 2011 Share Posted October 4, 2011 The euro is being propped up for the time being by loans. If Greece and other countries default watch it fall in value. The pound has been weak against it since the 2008 banking crisis which is still being felt. Germany's recent exports have also increased demand for euros which have kept it strong. Our own economy is suffering so sterling will only get stronger if our economy picks up and/or the euro is hit by a bailout or two or three. Link to comment Share on other sites More sharing options...
WeX Posted October 4, 2011 Share Posted October 4, 2011 I thought successive governments had tried and succeed in getting the pound and euro on a level pegging (£1 = €1) for the day we dumped our currency. Also keeping the pound low or pegged to the Euro means our exports do not become too expensive on the continent meaning we can keep trading our way our of the deficit. Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted October 5, 2011 Share Posted October 5, 2011 Euro verses pound; 'verses'? OK. The EU is like a fourth Reich, Which most of the UK don't leich. We need far less skullduggery So leave Europe to buggery And let's pay no more in- go on streich. That way, the UK will be free Of the ruinous anomaly. Democracy rules- Do they take us for fools? So let's vote referendumally. Link to comment Share on other sites More sharing options...
upinwath Posted October 5, 2011 Share Posted October 5, 2011 Euro - Mickey mouse money held together by sticky tape and lies. Pound - Real money held together by real business and survived several Labour governments. Link to comment Share on other sites More sharing options...
Longcol Posted October 5, 2011 Share Posted October 5, 2011 Euro - Mickey mouse money held together by sticky tape and lies. Euro is backed by Europes strongest economy by some way - Germany. France has still got a pretty strong manafacturing base. Link to comment Share on other sites More sharing options...
ampersand Posted October 5, 2011 Share Posted October 5, 2011 Euro is backed by Europes strongest economy by some way - Germany. France has still got a pretty strong manafacturing base. Yes, but why let the truth get in the way Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted October 5, 2011 Share Posted October 5, 2011 Yes, but why let the truth get in the way ...or the spelling of 'manufacturing'! Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted October 5, 2011 Share Posted October 5, 2011 Euro is backed by Europes strongest economy by some way - Germany. True. I bet that the Germans are only too delighted to help-out the basket cases (Greece, Portugal, Ireland, Spain, Italy, etc.) Link to comment Share on other sites More sharing options...
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