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 !!!

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]

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.

Did you get your insider info from a bloke down the pub? 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

http://www.independent.co.uk/news/uk...ro-606654.html

Originally Posted by Luckypants

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]

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

Originally Posted by 600+

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]

Originally Posted by 600+

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 €!!!

Originally Posted by 600+

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?

[G]

Originally Posted by maviczap

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.