QUOTE(AvidFan @ Mar 25 2007, 08:29 PM) [snapback]588499[/snapback]
I think we'll jump in if we need to, to save the currency against the dollar collapse.
Watch Gordo's 5 economic conditions miraculously be met at the first signs of danger.
There's definitely something going on... European central banks have doubled their reserves of pounds and, while still only 4.X% of their totals compared to over 40% in dollars and over 20% in euros, we're a 6th of the size of Europe so in per capita terms they are giving equal rating to our currency compared to the euro.
Currency traders see the pound as a slightly higher-yielding euro, and apparently our exchange rates have more closely tracked the euro than the dollar over the last few years.
I'm not betting on in though - I'm going to be partially out of pounds soon !
Maybe we are in the Euro already ?