£1=€19 Mar 2008 07:23
...it is only a question of time..it is heading that way ,heading on a sure 10% decline this year alone...look at UK property values should it happen!! Sterling only needs to loose another 1% a month over the next 2 years to laugh in your face. Phone a broker on currency exchange for his/her views, phone a friend.... what will support an uplift, an uplift in interest rates ??? There will be , as a result of the 4% uplift in minimum wage a knock on effect for all to have a minimum average of 6% ... I think everbody should have a million , but economics say different and UK inflation will be at its highest next year and if sterling is to survive , interest rates will rise , not fall , to attempt control. I think the this government will force the euro upon us by failing to control inflation and not increase interest rates and it will not be a labour government , like always , to take the poo whilst trying to make ammends but that they then rally again to promise a different future after those that take the reigns fail to sort out the pile of poo that the labour government left behind, imo.
. As a **** head , I say move your life to a dollar placed buck to live for the next couple of years if your income is sterling based and start to unwind your UK asset portfolio.