View Full Version : Move from £ to € - Watch this space
I don't think this has been discussed on here lately but some insider info tells me that by March 2009 we will magically move to €!!!
Exchange rate already hit a new record low and by Mr Brown has secretly locked the exchange rate at 0.95 !!! :batman:
So no more cheaper holidays in Europe though exporting will possibly become a bigger industry for the UK.
I reckon this is one of the most interesting times in Economic history!!!
the purists and traditionalists will hate it, there'll be all sorts of action groups to try to stop it, SAVE THE QUEEN SAVE THE GOOD OL' BRITISH POUND...
i shall remain on the fence for the time being
Luckypants
18-12-08, 10:07 AM
I think you need to be a lot more specific about this 'insider info' for anyone to take this seriously. March 2009? You are having a laugh!! A change such as this cannot go through in such a short time.
MiniMatt
18-12-08, 10:08 AM
Did you get your insider info from a bloke down the pub? :D Exchange rate locking was catastrophic in the Norman Lamont deutchmark days and I don't see anyone attempting that for a long while. I don't see what is undoubtedly a blip in exchange rates being used as a driver for what will be an incredibly tough measure to get through.
EDIT: Normal Lamont?? Meant Norman Lamont :D
http://www.independent.co.uk/news/uk/politics/brown-rebuffs-pressure-to-move-on-euro-606654.html
I think you need to be a lot more specific about this 'insider info' for anyone to take this seriously. March 2009? You are having a laugh!! A change such as this cannot go through in such a short time.
Obviously I won't reveal this on a public forum.....surely this is common sense? And I'm not bothered if ppl take it seriously or not, I am not advising anyone about their financial decisions :) Feel free to take the pi$$ out of the thread.
If the exchange rate has been locked it doesn't make any difference if what you hold in your hand has a £ sign or a € sign on it. It's the value of the paper.
March 2009 seems like the date that's been set for the "lock" between the exchange rates to take place.
My thread is more to do with the impact that this will have to the people of this country.
maviczap
18-12-08, 10:14 AM
And on a cautionary note, if we do go to the €, then just watch all the prices go up.
My wifes family in Germany all said that prices went up on everything, as traders cashed in during the confusion.
I can't see Gordo going for it, as it would be a catostrophic vote loser
Feel free to take the pi$$ out of the thread.
.
ok
you must be a crazy fool if you think the euro will be in by march, its just not possible
Luckypants
18-12-08, 10:18 AM
I don't think this has been discussed on here lately but some insider info tells me that by March 2009 we will magically move to €!!!
March 2009 seems like the date that's been set for the "lock" between the exchange rates to take place.
So which is it? Or is your insider info not clear? :rolleyes:
And on a cautionary note, if we do go to the €, then just watch all the prices go up.
Prices go up......!!!
Your right there, all you need to do is go into next and look at the price labels.....
A shirt I bought for my works party on friday was £18, on the same price label the price was advertised at 28Euro.
I have heards lots of whispers about it possibly happening from people relatively high up in the financial business. No one wants it to happen though.
blue curvy jester
18-12-08, 10:21 AM
Why is it not possible if the rate was fixed at 1:1 it would be a peice of ****
also britan has the capacity to mint all the coins needed very quickly as they make most of the blank coins for the EU anyway
http://www.independent.co.uk/news/uk/politics/brown-rebuffs-pressure-to-move-on-euro-606654.html
Baph mate, that was written in June 2002, 6.5 years ago. Relevance??
I'd prefer to move to the US$:D
A shirt I bought for my works party on friday was £18...
:D
Luckypants
18-12-08, 10:23 AM
And on a cautionary note, if we do go to the €, then just watch all the prices go up.
Agreed on that, all my colleagues in Europe moaned a bucket load that prices went up. Also be wary of employers setting your Euro salary with any 'odd pounds' in their favour.
However, if the exchange rate was locked at close to parity, this would be easy to spot and then vote with your feet. (or your Euro)
Ceri JC
18-12-08, 10:25 AM
Pfffft! You think Brown could afford to be seen to permit anything like this with his current popularity? :D
So which is it? Or is your insider info not clear? :rolleyes:
clear to me :)
By March the rate will be at 0.95 and what you will have in your hands will be a paper that is worth the same as the euro.
once the rate is locked doesn't matter (to me at least) if the paper has a £ sign on it or a €
:D
It was from Next.....not some expensive designer shop lol
Luckypants
18-12-08, 10:32 AM
clear to me :)
By March the rate will be at 0.95 and what you will have in your hands will be a paper that is worth the same as the euro.
once the rate is locked doesn't matter (to me at least) if the paper has a £ sign on it or a €
Rate will be locked at 0.95 of what?
If rate is locked at 0.95 what I have in my hands will NOT be worth same as a Euro! Depending on what 0.95 of £ or € the rate is set at, my pound will be worth more or less than a euro! If I have £100K in the bank, that is a significant difference!
sorry mate, there seems to many inconsistencies to your information / logic.
Prices will go up that's certain....watch how all the figures will be rounded up to the higher price in euro :)
had the same issue when Greece went on to the euro, loads of complaints about prices going sky high
Rate will be locked at 0.95 of what?
If rate is locked at 0.95 what I have in my hands will NOT be worth same as a Euro! Depending on what 0.95 of £ or € the rate is set at, my pound will be worth more or less than a euro! If I have £100K in the bank, that is a significant difference!
sorry mate, there seems to many inconsistencies to your information / logic.
€1 will be 0.95£
it's already there today!!! according to www.xe.com
Baph mate, that was written in June 2002, 6.5 years ago. Relevance??
Sorry, obviously being too vague.
My point was that politicians couldn't push through a move the the Euro years ago, and at the moment this countries finances are up a smelly little river, without an oar.
Doing something silly like pushing us into single currency without the backing of the masses would be akin to putting C4 in the bottom of the boat & hitting the "loud button."
SoulKiss
18-12-08, 10:45 AM
Pfffft! You think Brown could afford to be seen to permit anything like this with his current popularity? :D
What does THAT have to do with the price of fish? (be it in Euro's or Pounds)
Brown already knows that come the next election he will be getting the removal men in.
Only problem is that I cant see any better options.......
Oh yeah there's one, its called New Zealand.......
Oh yeah there's one, its called New Zealand.......
I heard life can be a bit boring over there :)
maviczap
18-12-08, 10:48 AM
Prices go up......!!!
Your right there, all you need to do is go into next and look at the price labels.....
A shirt I bought for my works party on friday was £18, on the same price label the price was advertised at 28Euro.
I have heards lots of whispers about it possibly happening from people relatively high up in the financial business. No one wants it to happen though.
These are only sharks waiting to cash in on the financial side, the same people who have bought us our current crisis :smt019
I doubt the Irish will be convinced enough to go for the revised treaty and the English are profoundly Euro sceptic :twisted:
SoulKiss
18-12-08, 10:49 AM
I heard life can be a bit boring over there :)
Why would that be?
They have some excellent roads and the Internet.
They even have some quite good beer.
What more do you need?
Why would that be?
They have some excellent roads and the Internet.
They even have some quite good beer.
What more do you need?
yeah when you put it that way I don't think I would be asking for more
maviczap
18-12-08, 10:50 AM
Oh & while we're talking about Gordo's popularity, why do you think he's anounced bringing back the troops from Iraq? Its a vote winner, unlike introducing the €:smt019
hahaha it's all coming together lol
These are only sharks waiting to cash in on the financial side, the same people who have bought us our current crisis :smt019
Nope they are just prices from when the pound was strong against the euro.....but they wont change if we do to the euro
Luckypants
18-12-08, 10:53 AM
€1 will be 0.95£
Why lock it there I wonder? It is so close to parity that locking the rate at 1:1 surely makes sense? That way retailers do not need new tills straight away, payrolls are easier to convert and we, joe public, can spot any profiteering.
And if folks are hearing whispers about this, why hasn't the rabidly anti-euro press been making scary headlines?
I just think this whole thing is a wind up :)
I just think this whole thing is a wind up :)
although winding up people is my sense of humour that wasn't my intention this time :)
Maybe the anti-euro lot have not picked up on the conspiracy theory that is being plotted and they have just thought this is the credit crunch doing it's magic on the currency side as well.
SoulKiss
18-12-08, 11:05 AM
yeah when you put it that way I don't think I would be asking for more
For example, this piece of road (http://http://maps.google.co.nz/?ie=UTF8&ll=-36.946462,175.776443&spn=0.085882,0.161533&z=13) runs past my MIL's house (well not this part exactly, but its only a few miles away and is on the way from Auckland)
Zoom in and goto the photo view and follow it :)
What the map doesn't show is the 100kph limit, or the elevations changes - and lastly the view.
Thats the bit of road that made me miss having a bike when I was over there in Nov.
I can't find the
€!!!
anywhere on my keyboard so am unable to comment at this time.
Thankyou.:smt019
I can't find the
anywhere on my keyboard so am unable to comment at this time.
Thankyou.:smt019
Alt Gr + 4
or
Ctrl+Alt+4
Alt Gr + 4
or
Ctrl+Alt+4
€€€€€€....ooooh...that's cool. €€€€€€€€€€€€€€:smt040
timwilky
18-12-08, 12:39 PM
My company shares are quoted in euro, despite them taking a battering 2 months back, they are double recovering, firstly in % terms and then again in currency conversion. Yippee.
suddenly their arguments about being too expensive in the UK so shut us down is gone, we is cheaper.
maviczap
18-12-08, 01:19 PM
Why would that be?
They have some excellent roads and the Internet.
They even have some quite good beer.
What more do you need?
According to my mate in NZ, they have a nice hole in the ozone layer over them, so SPF factor 50 is a must in the summer!
They also have wire barriers separating the lanes on the motorways, so if you have an off, its likelky to end in decapitation or disembowelment :smt009
Loooking on the plus side, good skiing, watersports, fishing and Lord of the Rings scenery.
Its a long way to go if you find you don't like the place :(
SoulKiss
18-12-08, 01:23 PM
According to my mate in NZ, they have a nice hole in the ozone layer over them, so SPF factor 50 is a must in the summer!
They also have wire barriers separating the lanes on the motorways, so if you have an off, its likelky to end in decapitation or disembowelment :smt009
Loooking on the plus side, good skiing, watersports, fishing and Lord of the Rings scenery.
Its a long way to go if you find you don't like the place :(
Well, having been there 3 times spending about 2 and a half months in total there.......
punyXpress
18-12-08, 01:31 PM
:) Feel free to take the pi$$ out of the thread.
3.1416 dollars ?
Where did THAT come from? :confused:
maviczap
18-12-08, 01:33 PM
Well, having been there 3 times spending about 2 and a half months in total there.......
Just pointin out the + & - of goin there ;)
One mans meat, is another mans .............. ;)
We got through this in Malta recently. We had our own currency, Maltese Lira and now since we're Euro members have switched to Euros. Prices will go up is what people were saying, after all that's what happened in Italy and the Maltese took a close look at that and made a big effort to learn from it. They fixed the exchange rate for the transition period so that merchants wouldn't blame price increase due to exchange rates like they did in Italy. A purposely built unit was formed to monitor the shops and see that the prices were labelled both in Maltese currency and Euros and that they were converted correctly. It went smoothly. Prices are always going up unfortunately but it doesn't really have anything to do with the Euro conversion. The plus side for me if you guys go for Euros is that I won't have to go through the hassle of exchanging Euros to Pounds when I come over for to UK for my holidays.:)
johnnyrod
19-12-08, 08:07 AM
Personally I think we'll get the Euro sooner or later, and as pointed out on page 1, there will be plenty of jingoistic rubbish to put up with, but ultimately being part of a big economy is probably going to be a good thing. I find it rather hard to believe it'll happen by March, what'll it be next? Banning the Red Arrows from the Olympics?
The plus side for me if you guys go for Euros is that I won't have to go through the hassle of exchanging Euros to Pounds when I come over for to UK for my holidays.:)
You need your head examining! Each & every one of us can't wait to get out of this country, and you want to come here on holiday!
Although, if we do get out, you'd get some nice quiet holidays! :lol:
You need your head examining! Each & every one of us can't wait to get out of this country, and you want to come here on holiday!
Although, if we do get out, you'd get some nice quiet holidays! :lol:
Hey don't speak on my behalf!!
I love this country. I don't want to live anywhere else
I enjoy visiting other parts of the world but I only want to live here
Don't make gross assumptions
Gazza77
19-12-08, 10:55 AM
Hey don't speak on my behalf!!
I love this country. I don't want to live anywhere else
I enjoy visiting other parts of the world but I only want to live here
Don't make gross assumptions
+1. :smt019
Whatever happens we are all doomed!
wyrdness
19-12-08, 11:19 AM
Hey don't speak on my behalf!!
I love this country. I don't want to live anywhere else
I enjoy visiting other parts of the world but I only want to live here
Don't make gross assumptions
You're making the assumption that Baph is in the same country as you. He isn't. You're in England and he's in Wales.
If I was in Wales, I'd probably feel the same :smt077
You're making the assumption that Baph is in the same country as you. He isn't. You're in England and he's in Wales.
Nope, he's not in Wales, he's in Ynys Mon:batman:
Anyway - Johnnyrod - why do you assume that we will be better off in the €? Evidence?
As and when any government says to ditch the £ I shall join the 'Just Say No' campaign. The £ has served us well for about 700 years. Why change? Why lose control over our interest rate policy? I can find no satisfactory answer.
wyrdness
19-12-08, 11:39 AM
Nope, he's not in Wales, he's in Ynys Mon:batman:
Do forgive me. I hadn't realised that was a separate country. Maybe you should email their website (http://www.anglesey.gov.uk/)and inform them that they've missed out the 'r' in 'country' :twisted:
As and when any government says to ditch the £ I shall join the 'Just Say No' campaign. The £ has served us well for about 700 years. Why change? Why lose control over our interest rate policy? I can find no satisfactory answer.
Unless I'm missing something the only benefit for the euro is not needing to change currency when going to France on holiday!
The cons seem to be the lack of control over the interest rates. I suspect that Ireland and Spain will find that out next year when those in control leave them go head first into a big recession to save the rest of Europe.
You're making the assumption that Baph is in the same country as you. He isn't. You're in England and he's in Wales.
If I was in Wales, I'd probably feel the same :smt077
:D
Messie, apologies, it was a comment made half in jest. I'm physically unable to use any emoticons at the moment (other than the ones I can remember the codes for) due to posting from work.
I also have to write HTML manually in order to post on the .Org at the moment. :( (see, I remember that one :D - and that - and by manual code I mean the full HTML img tag - not just the short text-speak version).
EDIT: Ed, pwned. Seriously. :p
:D
Messie, apologies, it was a comment made half in jest. I'm physically unable to use any emoticons at the moment (other than the ones I can remember the codes for) due to posting from work.
I also have to write HTML manually in order to post on the .Org at the moment. :( (see, I remember that one :D - and that - and by manual code I mean the full HTML img tag - not just the short text-speak version).
EDIT: Ed, pwned. Seriously. :p
Que??
Sorry don't speak technogook!
try again in English ( possibly Welsh but I'd struggle with that too a bit!)
:p
what a **** take they cant get rid of the pound.
Did you guys understand anything Baph said there, I'm totally Baphled !
joshmac
20-12-08, 02:44 AM
Did you guys understand anything Baph said there, I'm totally Baphled !
Ba dum tsh... #groan# ;)
Yeah I understood, kinda'... I think :lol:
@import url("clientscript/vbulletin_css/style-f8e1ac6a-00001.css");
</style>
<link rel="stylesheet" type="text/css" href="clientscript/vbulletin_important.css?v=372" />
<!-- Editor Styles -->
<style type="text/css" id="vbulletin_editor_css_dynamic">
<!--
@import url("clientscript/vbulletin_editor.css?v=372");
.vBulletin_editor {
background: #E1E1E2;
padding: 6px;
}
.imagebutton {
background: #E1E1E2;
color: #000000;
padding: 1px;
border: none;
}
.ocolor, .ofont, .osize, .osmilie, .osyscoloar, .smilietitle {
background: #FFFFFF;
color: #000000;
border: 1px solid #FFFFFF;
}
.popup_pickbutton {
border: 1px solid #FFFFFF;
}
.popup_feedback {
background: #FFFFFF;
color: #000000;
border-right: 1px solid #FFFFFF;
}
.popupwindow {
background: #FFFFFF;
}
#fontOut, #sizeOut, .popup_feedback div {
background: #FFFFFF;
color: #000000;
}
.alt_pickbutton {
border-left: 1px solid #E1E1E2;
}
.popup_feedback input, .popup_feedback div
{
border: 0px solid;
padding: 0px 2px 0px 2px;
cursor: default;
font: 11px tahoma;
overflow: hidden;
}
-->
</style>
<!-- / Editor Styles -->
<!-- / CSS Stylesheet -->
<script type="text/javascript" src="clientscript/yui/yahoo-dom-event/yahoo-dom-event.js?v=372"></script>
<script type="text/javascript" src="clientscript/yui/connection/connection-min.js?v=372"></script>
<script type="text/javascript">
<!--
var SESSIONURL = "";
var SECURITYTOKEN = "1229739837-3b72eb76b1859cddcc48351a5a518d410098cd55";
var IMGDIR_MISC = "images/misc";
var vb_disable_ajax = parseInt("0", 10);
// -->
</script>
<script type="text/javascript" src="clientscript/vbulletin_global.js?v=372"></script>
<script type="text/javascript" src="clientscript/vbulletin_menu.js?v=372"></script>
<script type="text/javascript">
document.cookie = "psistats_screenwidth = " + self.screen.width;
document.cookie = "psistats_screenheight = " + self.screen.height;
document.cookie = "psistats_screendepth = " + self.screen.colorDepth;
</script>
<link rel="alternate" type="application/rss+xml" title="forums.SV650.org RSS Feed" href="external.php?type=RSS2" />
<title>forums.SV650.org - Reply to Topic</title>
</head>
<body>
<!-- logo -->
<a name="top"></a>
<table border="0" width="100%" cellpadding="0" cellspacing="0" align="center" bgcolor="#6C84B4">
<tr class="bgimage"> <td align="left"><a href="http://www.sv650.org"><img src="images/misc/SV650Banner5_1.jpg" border="0" alt="forums.SV650.org" /></a></td><td> </td>
<td align="right"><img src="images/misc/SV650Banner5_3.jpg" border="0" alt="forums.SV650.org" /></td>
</tr>
</table>
<!-- /logo -->
<!-- content table -->
<!-- open content container -->
<div align="center">
<div class="page" style="width:100%; text-align:left">
<div style="padding:0px 10px 0px 10px" align="left">
<br />
<!-- breadcrumb, login, pm info -->
<table class="tborder" cellpadding="6" cellspacing="1" border="0" width="100%" align="center">
<tr>
<td class="alt1" width="100%">
<table cellpadding="0" cellspacing="0" border="0">
<tr valign="bottom">
<td><a href="#" onclick="history.back(1); return false;"><img src="images/misc/navbits_start.gif" alt="Go Back" border="0" /></a></td>
<td> </td>
<td width="100%"><span class="navbar"><a href="index.php" accesskey="1">forums.SV650.org</a></span>
<span class="navbar">> <a href="forumdisplay.php?f=106">Community Centre</a></span>
<span class="navbar">> <a href="forumdisplay.php?f=116">Idle Banter</a></span>
That is just a small portion of the "code" that makes this page appear as it does to you.
IIRC "code" is what your internet browser (such as Internet Explorer or Firefox) reads to set the page out as it appears to you
About the emoticons (i.e smilies :):(:eek::mad::D;):p etc...), I'm guess he means that he has to manually enter the IMG codes, i.e the code you need in between the and that you'd use to make a photo from somewhere like photobucket to appear in a thead
E.g: for the following picture to appear
http://i211.photobucket.com/albums/bb31/joshmac_3/P7290107.jpg
He'd need to manually type out the " http://i211.photobucket.com/albums/bb31/joshmac_3/P7290107.jpg " in between the aforementioned IMG bits.
Imagine that picture was a smilie, a wink for example.
Where you can just put ; ) (without the space in between the ; and the closed bracket), Baph would have to to put
. http://forums.sv650.org/images/smilies/icon_wink.gif . (without the spaces or the full stops) everytime he wanted to use a smilie, which IMHO would be impossible to remember every link to every smilie on the .org :lol: (Woo just did that with codes :mrgreen:)
And so without a cheeky wink or a tongue out smilie, his posts could easily be taken the wrong way and cause someone offence.
Baph please correct me if all of the above is bollox! :-D
joshmac
20-12-08, 02:55 AM
Que??
Sorry don't speak technogook!
try again in English ( possibly Welsh but I'd struggle with that too a bit!)
:p
Technically when asked as a question (what?) it would be ¿Qué? with an accute accent on the e and an inverted question mark before it :p
No creo que ud. pueda comprender lo que dice Baph si hablara en español. Así que, yo diría que sería aconsejable que ud. le pide a explicarlo en inglés
:mrgreen:
HTH :smt043
¿Pues, Dónde está mi abrigo?
Oops!.. I mean "where's my coat" :D
Josh, almost spot on, and something I really couldn't be bothered explaining yesterday, so thanks. :)
The only point though, is that ... is the BBCode for images. I wasn't typing that (I tried & it didn't work), I was typing the sort of stuff you posted in red, manually. The BBCode for the smilies is easy. :)
When typing the stuff you posted in red, even a simple "&" becomes...
You're also spot on the money about the sarcasam smiley. :)
joshmac
20-12-08, 11:55 AM
Woo :takeabow:
Blimey, it's even more complicated that I imagined! :notworthy: :lol:*
Don't you pfft me Missy!
*No HTML code or BBCode was harmed in the making of these emoticons :razz: ;)
Anyone got any drachma? I personally I have no problem with the pound going the same way. Change happens and I see it as a good thing.
Biker Biggles
20-12-08, 12:40 PM
Anyone got any drachma? I personally I have no problem with the pound going the same way. Change happens and I see it as a good thing.
Desperate attempt to stall the thread derail.;)
I predicted that the current economic crisis would be used to force the pound into the Euro ultimately as that is what the movers and shakers want.The problem they have had is that they knew they could never have won a referendum on this issue so have to get their way by other means.Bankrupting the country and leaving no other options is the way forward,and joining the Euro could well be a condition set by the IMF in some future GB ltd bail out package.I cant see it happening as soon as next March though.
Having said that economic collapse can happen very quickly-----?
Grinch I've got some drachma :) Kept it before we changed to the euro :)
arenalife
20-12-08, 07:59 PM
Maybe we could have a compromise deal where we still have the thing in our pocket called a 'pound' and styled as such but is just a Euro in value and shops/businesses would accept any Euro carrying persons or transfers seamlessly. I don't know why they didn't do that in other countries, maybe because they cross borders more often and all the mixed up names/designs would be silly. Being an island makes it a bit more viable here.
northwind
21-12-08, 12:40 AM
I bet you one entire scottish pound or euro equivalent, that this doesn't happen.
I'm on the fence about whether it's a good idea or not, i just don't know the answer and there are a lot of expert opinions which seem valid yet completely contradict :mrgreen:
ThEGr33k
21-12-08, 08:46 AM
I predicted that the current economic crisis would be used to force the pound into the Euro ultimately as that is what the movers and shakers want.The problem they have had is that they knew they could never have won a referendum on this issue so have to get their way by other means.Bankrupting the country and leaving no other options is the way forward,and joining the Euro could well be a condition set by the IMF in some future GB ltd bail out package.I cant see it happening as soon as next March though.
Having said that economic collapse can happen very quickly-----?
This is what I said to ploppy... A joke.
arenalife that would be a great compromise but I somehow imagine it wont happen like that.
What annoys me is that to go to the Euro we will have become a poorer country, well becally be losing a 3rd of our money from when it was €1.5 to a £1... Though I guess we have already lost that. But then if we ride this "thing" out it might go back up and we will get back our monies. I know the Irish are loving out cheap pounds, they can buy things online dead cheap. tsh. :rolleyes:
markmoto
21-12-08, 09:45 AM
i personaly dont want faceless euros in my wallet, im british and i want the good old english pound!
Why would that be?
They have some excellent roads and the Internet.
They even have some quite good beer.
What more do you need?
According to my mate in NZ, they have a nice hole in the ozone layer over them, so SPF factor 50 is a must in the summer!
They also have wire barriers separating the lanes on the motorways, so if you have an off, its likelky to end in decapitation or disembowelment :smt009
Loooking on the plus side, good skiing, watersports, fishing and Lord of the Rings scenery.
Its a long way to go if you find you don't like the place :(
Its also a long way to go if you want an overseas holiday .... even to Australia.
9 years of labour government recently = lots of beneficiaries, poor infrastructure, no rail, crowded roads in the cities, unreliable electricity supply.
some of the worst and most aggressive drivers in the world.
and some other things ....
http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article1073096.ece
northwind
22-12-08, 02:33 PM
im british and i want the good old english pound
The english pound hasn't existed since 1707 :mrgreen:
KnightRider
22-12-08, 03:24 PM
I hate the idea of having the Euro and fail to see where the real benefits will be. Moving to a single currency doesnt mean that prices in Euroland will all be the same (supply and demand dictate that) it just means that the cost of transactions between the UK and Europe are reduced and less risky. What it will mean is that we lose a significant method used to control and stabalise our economy (ie inflation gets set by the European Bank not the bank of England). These are the exact powers that Mr Brown is using right now to try and avoid a full scale recession - so why would he want to lose them?
What I am most afraid of is the quick win mentality of the government. Mr Brown surely knows that he can get some short term economic and political gains by moving toward the Euro which will make him look good for the elections. The problem is, when our economy starts moving away from that of Euroland we will end up without key economic controls to avoid future boom or recession.
This is especially risky for the UK economy that more closely mimics that of the US in terms of its boom and bust cycle, as a result it just doesnt make sense for the UK to lock its currency with Europe (taking the dollar would be a better option for us). It didn't work in the 1970's when European countries including the UK tried to set and stabalise exchange rates under the Bretton Woods system so why would it work now?
Overall, this is a really complex area that should be left to the economists. Having studied this at Uni I acknowledge that even my knowledge is no where near good enough to fully evaluate the decision, but what I do know is that the average person has been misinformed by newspaper reporters who dont understand the topic themselves.
Anyhow, everyone is entitled to their view and that is mine so dont flame me for it!
KnightRider
22-12-08, 11:43 PM
also britan has the capacity to mint all the coins needed very quickly as they make most of the blank coins for the EU anyway
Minting coins has to be the most simple part of the whole process (actual hard currency only makes up about ~1% of all Pound sterling in the UK. Gearing up businesses and changing everyone's financial systems to accept Euro's is the biggest part of the job. Fixing the exchange rates is the first step to a common currency, implementing Euro's fully will take years.
Personnally, I cant see the rates being fixed in March at all. Being that this is such a big topic there would be a public outcry if it went through unannounced. I am also fairly sure that the UK Imports more goods/services from Europe than it exports. In which case fixing the exchange rate at 0.95 would have a negative impact on the economy pushing us further into recession. I cant see that being a popular or logical move at all.
Wayluya
23-12-08, 08:53 PM
I am neither pro or anti Euro (or EU) on principal.
I don't think this has been discussed on here lately but some insider info tells me that by March 2009 we will magically move to €!!!
Exchange rate already hit a new record low and by Mr Brown has secretly locked the exchange rate at 0.95 !!! :batman:
Bit late on the thread :rolleyes:....Whilst I am sure you have been privy to some info from folk who sound like they know what they are talking about, it ain't gonna happen. That is simply not a secret that could be kept.
March '09 and at 0.95??......the Eurozone would never be dumb enuf to permit that exchange rate, and not at this time........given their own economic problems and at the moment Sterling is worth more - in 5 years time the picture will be very different. Eurozone could economicaly take in the UK and the pound will be worth 0.95. my bet is about 0.80 - probably sounds a bit harsh, but will take a long time for how broken the UK is as an economic entity and that this time their is no "magic" road to recovery to break through self delusions and impact into the real world. The next 18 months of ever hardening recession will get better - but no real recovery, just a painful adjustment to too many years living like Switzerland on the real income of.......Swaziland :-D (ok, a bit of dramatic licence on that one ;)).
Still, sh#t happens :mrgreen:
New Leaf
24-12-08, 08:48 AM
It seems like all the preperations have already been made - Linkylink. (http://www.euro.gov.uk/europreparations.asp)
I reckon we'll be in the eurozone before christmas. ;)
Tiger 55
01-04-09, 06:56 AM
I don't think this has been discussed on here lately but some insider info tells me that by March 2009 we will magically move to €!!!
Happy April everyone. So is this insider of yours now an outsider?
Can't stop, got to go and spend some ££££ :D
Luckypants
01-04-09, 08:34 AM
Damn you beat me to it.
blue curvy jester
01-04-09, 10:12 AM
the fact the the euro zone is fuxed as well, derailed this somewhat
Biker Biggles
01-04-09, 10:29 AM
I predicted that the current economic crisis would be used to force the pound into the Euro ultimately as that is what the movers and shakers want.The problem they have had is that they knew they could never have won a referendum on this issue so have to get their way by other means.Bankrupting the country and leaving no other options is the way forward,and joining the Euro could well be a condition set by the IMF in some future GB ltd bail out package.I cant see it happening as soon as next March though.
This has been my opinoin for ages and still is.
Still remains an insider :) the fact that £1 is almost equal to €1 says a lot
the fact you call it pound and they call it euro to me is of less importance
bottom line the pound has crashed in a big way whether you want to accept it or not
Luckypants
01-04-09, 12:24 PM
bottom line the pound has crashed in a big way whether you want to accept it or not
What has that got to do with your original claim that we would all be using Euros by now? Exchange rates fluctuate, fact. The fact that there is now close to parity (£1=€1.08) does not mean we are in the Eurozone nor that we are using Euros as currency.
I reckon u're just having a go at me cause I've touched on your soft spot of English pride ;)
SoulKiss
01-04-09, 01:37 PM
I reckon u're just having a go at me cause I've touched on your soft spot of English pride ;)
Well I have never been proud of being English, so I can objectively offer you a slice of Humble Pie :)
Luckypants
01-04-09, 01:53 PM
I reckon u're just having a go at me cause I've touched on your soft spot of English pride ;)
Below the belt! I am not English either. However, the fact that I have asked you justify your assertions throughout this thread is not pride having a go - I wanted to know why you said we would be using Euros by now?
Below the belt! I am not English either. However, the fact that I have asked you justify your assertions throughout this thread is not pride having a go - I wanted to know why you said we would be using Euros by now?
I said it because my reliable source said that to me. I thought it was clear where I got the info from.
Getting a bit tired with the back and forth though of this thread and I guess what you want to hear is that I acknowledge the UK is not using the euro....which I obviously do.
SoulKiss
01-04-09, 02:38 PM
I said it because my reliable source said that to me. I thought it was clear where I got the info from.
Getting a bit tired with the back and forth though of this thread and I guess what you want to hear is that I acknowledge the UK is not using the euro....which I obviously do.
An admission that you were wrong is actually what is looked for.............
Instead of saying that because the pound and the euro are worth the same then they are the same...........
I wasn't wrong - my source might be :)
Luckypants
01-04-09, 02:41 PM
No 'might' about it :p
vBulletin® , Copyright ©2000-2025, Jelsoft Enterprises Ltd.