Pound looks nothing like the sterling. Seems as if the Sterling is getting smacked harder. USD isn't doing so Hot either. JPY was the play and still is. The only thing that can slow the JPY is BOJ devalue move. Not gona happen as the JPY is the safe haven for most of the world right now. BOJ will talk devalue but I doubt the will devalue the YEN anytime soon.
They should switch to the Euro. Last time i was in Ireland (Armagh right on the border with N. Ireland) I was playing poker with some friends and I found it quite annoying that half the people were playing with pounds and half euros and we constantly had to do conversions to see if the guys using Pounds were putting enough into the pot. So i think they should go to euros just to make my future poker games easier!
I dear to say that thereâs going to be more taken into account than the benefits it gonna bring to gambling, and it is also a matter of more than just national pride. Letâs say UK finally takes the Euro as their currency. Will this bring an end to the housing problems and now growing economic problems? I donât think it will. On the other hand, JPY is really a safe haven.
There was an article discussing the aspects them doing it just recently. Few weeks ago maybe. I forgot where I read it. Maybe Telegraph UK. It surprised me because I had thought the UK had more or less permanently nixed the idea of giving up the pound and the article seemed to suggest that it was a good idea.
JPY is a safe haven for now. IMHO we are in a depression here in the US. Of course, sheeople and cheerleaders will disagree. The deflationary pressures across the board will continue to force the USD to new historic lows, thus taking away its Leadership power. The way, IMHO, the USD will be restored to leadership, the US will bring back the gold standard. Once that happens, then the US will be able to recover. 2.7 Trillion of "Wealth" was wipped out in the US. Layoffs have only started, 2009 is going to the year from HELL for most who are working a 9 to 5. IMHO, the bottom may be reached when the INDU hits 6000 or lower, sometime near 09s end. This will be the time when everyone throws in the towel, including the government and they start to re-think the Gold Standard. The rest of the world will follow the depressionary forces in 09. I believe, based on some inside info...that Germany may also be in a Depression. Based on unemployment, GDP growth and devalutiaon of Home prices. The Asian tigers may survive through 09, thus JPY is the best option. 1 Year depression to follow a Decade of slow growth and 1 % gains in the US stock market, that is just my call. Question is, when does hyper inflation come into play? During the current depression or will it follow into the decade of weakness?
Another bloody day in the making today, GBP/CHF has no historical support any more, well I can't see one back to 1970, so probably heading towards 1:1, why not? GBP/JPY about to start heading towards 128 ImPO, GBP/EUR...talk about parabollic price action, GBP/USD say hello to 1.36? OMG basically Oh I know, let's re-open Rover workshops, who wants a brand new Rover?
The government have been campaigning against suv and big engined cars are now going to have to rescue Land Rover and Jaguar! Joining the euro will never pass a referendum. There is not time to organise it before the next election and the conservatives would never hold one.