Lord Heseltine predicts UK will join the euro

[andyofborg]

Amended like the treaty was lol.wool pulling excercise,thats all were going to get.

 

which treaty?

 

and why do you think your wool will be pulled?

[smiggs]

It isn't a hard prediction to make. The Pound is already intrinsically linked to the Euro anyway, by refusing to join the economy is losing billions of pounds in currency-rate volatility.

 

Of course, that doesn't matter when national pride is at stake. (For some reason, I am still trying to work that one out though).

 

The Eurozone has proven a failure with the individual countries unable set monetary policy for their very different economies, unable to print money or set interest rates it has left many countries hobbled. During their financial meltdown Greece for instance were unable to devalue, and at the same time Germany's economy was overheating and without monetary tools slipped into recession again. It's no coincidence that with modest monetary tools available to the UK government it's now the fastest growing European economy while the Eurozone struggles.

[Jeffrey Shaw]

BBC News http://www.bbc.co.uk/news/business-31811791 today reports “Pound hits seven-year high against euro”.

But- better- why not say “Euro hits seven-year low against Pound”?

[Blackbeard]

BBC News http://www.bbc.co.uk/news/business-31811791 today reports “Pound hits seven-year high against euro”.

But- better- why not say “Euro hits seven-year low against Pound”?

 

The £ is not doing well against the $.

http://www.bbc.co.uk/news/business/market_data/currency/11/12/twelve_month.stm

The $ against the € is doing well.

http://www.bbc.co.uk/news/business/market_data/currency/12/13/twelve_month.stm

Don't think it is the sign of a strong £.

[Harrystottle]

BBC News http://www.bbc.co.uk/news/business-31811791 today reports “Pound hits seven-year high against euro”.

But- better- why not say “Euro hits seven-year low against Pound”?

 

Because the BBC downplay any bad news coming out of the EU as much as they are able.

[LeMaquis]

BBC News http://www.bbc.co.uk/news/business-31811791 today reports “Pound hits seven-year high against euro”.

But- better- why not say “Euro hits seven-year low against Pound”?

 

Sterling is more or less back to where it was from when the euro came into circulation until the banking crisis in 2008 i.e. about 1 euro 40. The best I had was 1.45. That's great for British tourists visiting the Eurozone but bad for our exporters as it makes out exports more expensive and therefore less competitive.

 

The opposite is true for Eurozone exporters as their exports become cheaper outside the Eurozone. Britain also becomes more expensive for Eurozone tourists meaning we'll get fewer visitors.

 

Swings and roundabouts.

[buck]

It isn't a hard prediction to make. The Pound is already intrinsically linked to the Euro anyway, by refusing to join the economy is losing billions of pounds in currency-rate volatility.

 

Of course, that doesn't matter when national pride is at stake. (For some reason, I am still trying to work that one out though).

In relation to the dollar,the euro is diving toward parity, while the pound is also losing value, its not at the same level, much stronger. I have a pension from the UK, and some money in Ireland in Euros. So I keep a close eye on both currencies.