Single currency conundrum
Article Abstract:
The United Kingdom may join Eurpean monetary union, and such a decision would affect the value of pound sterling some time before entry. The likely impact is examined in detail.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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City warns joining Emu won't do the trick.'(value of pound sterling and European monetary union)
Article Abstract:
There have been calls for the United Kingdom to join European monetary union (Emu) due to the high value of pound sterling, which is affecting manufacturing exporters. Economists see a possible further rise in the pound to 3.2 German marks. There is no certainty, however, that joining Emu would help UK exporters, since the exchange rate could be set as high as 3.1 German markets to the pound. Economists see fair value for the pound at some 2.6 German marks.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Why Europe's single currency matters
Article Abstract:
The impact of membership of European monetary union will be felt in the United Kingdom some time prior to joining, since future membership sets a floor below which pound sterling is not likely to drop. There are uncertainties such as the level of UK interest rates, and the exchange rate to be set for membership. This rate has to be agreed between the UK and other members of monetary union. There are differences of opinion as to whether sterling is likely to join the monetary union, and some analysts do not see this as likely to take place.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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