The Euro.

[alexxxxx]

To be honest, I do doubt it. I mean the euro would wreck the UK economy.

in what way?

[Pyroka]

The pound is currently dominating ALL currencies because it's not being produced in any other country. The US Dollar is produced in United States but it's in circulation around the world, which gives it a boost & the Euro is being produced everywhere but it's being used everywhere. If it wern't being used everywhere but still produced, it would send rates well down.

I'm not sure about that above paragraph tbh, thats just what I think goes on in the stock market.

[kk.]

Sterling is a stronger currency that euro I believe?
&+ there would be a public vote for such a thing and I' sure most of the public couldn't be bothered changing currency and would vote against the change

wrong. The reason britain will probably never change into the euro is because the bank of england controls all the rates meaning interest. If they change to the euro, we no longer have any control over the currency or the inflation. The UK has a higher GDP (i believe) and much lower interest rates than other countries which would mean that if we did change, they would shoot up.

At least i think tahts what my business and economics teacher said lmao.

To pyroka... You honestly dont think the pound is in any other country? how do americans and europeans get their hands on it then . What you said about it wrecking the economy is correct though

The sooner the euro comes, the better imo. Prices seem high in other countries because of our poor exchange rate which will worsen and our trade with europe could suffer.

Exchange rates reflect on how well (or bad) the economys are. Ours is pretty bad atm which means we are not importing as much meaning that demand for our currency is falling. This makes the pound weak against others. The EURO is currently one of the strongest currencies atm because its stable

[You]

Change... We'll get used to it

[kk.]

Change... We'll get used to it

its not a matter of getting used to it, do you not think that the economy is suffering enough at the minute with the credit crunch? Changing will only make interest rates go up and as i am sure people will be aware but some may not, more imports will happen. European countries will already have low prices and people will have to adjust theirs here. They will more than likely be higher and you have to also factor in the cost for new tills, pricing machines, prices, new printing machines etc.

[You]

its not a matter of getting used to it, do you not think that the economy is suffering enough at the minute with the credit crunch? Changing will only make interest rates go up and as i am sure people will be aware but some may not, more imports will happen. European countries will already have low prices and people will have to adjust theirs here. They will more than likely be higher and you have to also factor in the cost for new tills, pricing machines, prices, new printing machines etc.

no .

[kk.]

i see your point :rolleyes: