| 12.12.2008 - Why the pound is still sound |
| From Telegraph: Sterling may be heading for parity with the euro as our economy grinds to a halt, but Martin Vander Weyer explains why this is the worst time to give up our currency . Just how far has the pound fallen? You now need more than 88 pence to buy one euro, which is 30 pence more than you needed back in October 2000, when the great European monetary project was widely scoffed at as having produced, in one trader’s elegant phrase, a “toilet currency”. .... Full Article: Source |