Do you think the British Pound will sink to the even mark with the US Dollar, £1.00 = $1.00?
How much further will the British Pound slide in comparison to the United States Dollar, and do you think it will go as low as even parity with the American Greenback sometime in the near future?
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Tagged with: British • british pound • comparison • dollar • greenback • parity • pound • slide • United States • united states dollar
Filed under: Currencies
Yep, the pounds about had its day. Probably for the best, old queeny looks more haggard with every reprint…
It’s impossible to tell, it all depends on demand. If people lose faith in the pound it could sink lower, or if people try and manipulate things to make it fall it could possibly happen. The only reason they would do that is so the Euro will get stronger. Keep in mind though that if the pound sinks dramatically, the dollar probably will also sink. It’s not like the dollar stays the same forever. The US dollar is already sinking compared to the Euro.
When Sterling reaches parity with the Euro, we wont join the single currency as we’ll lose out. It makes sense to wait for a resurgent pound, then cash in our chips if it comes to that. Also, British Euros would STILL have the damn queen on them, that was decided as our national currency mark long ago.
Nope! US is in a worse state economically, meaning even if UK pound is falling, the dollar would be falling as well. It may continue to fall, yes but it would never be in a 1:1 ratio with the dollar. Plus the UK most probably would not change to using Euros, even if they have almost the same value now. The pound is expected to rise, sometime in the nearer future, it is way to strong for that.
Even if the GBP fails, it won’t be as bad as USD.
The EUR is coming closer to the GBP rate, and thus once it surpasses it’s better that they join by having EUR too.