'How will the pound fare against the Euro?' poll results/discussion

Bargainetta

Taking this thread off on a slightly different angle, this thing with Bernard Madoff, can anyone tell me why there isn't a German bank in the list of victims of the Ponzi scheme? There are Spanish, French, Japanese, British, Swiss and Japanese banks but not a German bank as yet. Did they suss it out or do they just invest differently or only within their own borders? It could go some way of explaining why the Euro is now so strong.

gtd2000

deptfreemoneytart wrote: »

Now is the time to change Britain to the Euro. It's got to happen some time and if the rate is the same the shop keepers and supermarkets won't be able to stich us up like they did in 1971 when we changed to Decimal. It will also be easier for the old and mathmatically challenged to cope with if the change is 1 for 1.

I actually work in the Eurozone and am typing from Holland at this very moment.

I have not me a SINGLE European (better get this out of the way - I'm not a "European" as far as I'm concerned - Scottish first, British second and that's good enough for me ) who is happy with life after the introduction of the Euro or euro :cool:

Everybody over this way claims to have been stitched up by the introduction of the Euro/euro

As I see it - you really need to apply a rate of 1 GBP = 2 Euro to make sense of most of the prices :eek:

For now though - I'm paid in Euros so I'm not really that unhappy with the current exchange rate :rolleyes:

jammin_2

As a resident of Ireland, I'm personally happy for the UK to keep it's Pound (and for it to get weaker and weaker against the Euro).

The weaker your Pound is, the more likely I am to pay visits to Britain or Northern Ireland and spend my money in your country.

gtd2000

jammin wrote: »

As a resident of Ireland, I'm personally happy for the UK to keep it's Pound (and for it to get weaker and weaker against the Euro).

The weaker your Pound is, the more likely I am to pay visits to Britain or Northern Ireland and spend my money in your country.

The thing is though - would you have rather stuck with the Punt?

I've moaned for years about rip off Britain but the place is a bargain compared to many places in Europe - even more so with the current exchange rates

PrinceGaz

I'm glad I have no plans to buy any expensive imported goods in the near future, because the falling value of the pound will inevitably make them much more expensive. The decrease in VAT from 17.5% to 15% won't even come close to the increase in pounds it will cost to buy any imported product. I wouldn't be surprised if we see 20%+ increases in the price of imported goods in the near future due to the ever-falling pound. If the pound continues to fall because of the low base-rate and increased government borrowing, the price increase of imports could easily reach 40% or more.

A falling pound is great for British manufacturers who export, and for tourists visiting Britian from abroad; but it will raise the price of most imported products considerably, as well as make going on holiday abroad more expensive (which isn't such a bad thing, in my opinion).

gtd2000

PrinceGaz wrote: »

I'm glad I have no plans to buy any expensive imported goods in the near future, because the falling value of the pound will inevitably make them much more expensive. The decrease in VAT from 17.5% to 15% won't even come close to the increase in pounds it will cost to buy any imported product. I wouldn't be surprised if we see 20%+ increases in the price of imported goods in the near future due to the ever-falling pound. If the pound continues to fall because of the low base-rate and increased government borrowing, the price increase of imports could easily reach 40% or more.

A falling pound is great for British manufacturers who export, and for tourists visiting Britian from abroad; but it will raise the price of most imported products considerably, as well as make going on holiday abroad more expensive (which isn't such a bad thing, in my opinion).

I certainly see the logic in your statement above regarding the fall in the value of the Pound and the lower "buying power" that should result.

However, I never saw any real change (i.e. a fall) in prices over this way as the Euro became stronger against the US$.

teddyco

You've heard of the Golden Rule -

'He who has the gold, makes the rules!' The same applies here and again, it's all about power and control over this little island.

All of this talk of joining the Euro really amuses me.

For the past 1000 years, every nation that surrounds this little Island has attempted to invade and control England. The French tried it several times, the Spanish Armada tried it, and Germany tried it twice.

Now in desperation and exhaustion, they unify, dangling this strange new currency before our eyes like a hypnotic magician........."England, you are getting very sleepy, you feel your eyes slowly closing, repeat after me, I want the Euro, I want the Euro, it will make currency exchange so much easier for you......yes.....Don't pay any attention to that MEP behind the curtain with a sharp knife behind his back licking his lips.....just keep saying it...I want the Euro....

jammin_2

teddyco wrote: »

For the past 1000 years, every nation that surrounds this little Island has attempted to invade and control England.

England isn't an island and neither is the UK.

teddyco

And another thing that bugs me about the Euro..........

Take a look at this ugly, little currency.......there aren't any faces anywhere on the notes or coinage. Not one, single, warm, smiling face, not one! Just cold buildings and empty doorways and empty stained glass windows. It's really creepy. Where have all the people gone?

Maybe they are hiding from the EU Gestapo?

jammin_2

teddyco wrote: »

And another thing that bugs me about the Euro..........

Take a look at this ugly, little currency.......there aren't any faces anywhere on the notes or coinage. Not one, single, warm, smiling face, not one! Just cold buildings and empty doorways and empty stained glass windows. It's really creepy. Where have all the people gone?

Some countries don't put "faces" on their Euro coins, you're right. But the much of Euroland does. Countries with "faces" on some of their coins include Austria, Belgium, France, Greece, Italy, Luxembourg, Monaco, Netherlands and Spain.