Common currency - a professional money man looks at some commonly asked exchange questions

Common currency - a professional money man looks at some commonly asked exchange questions
5th June 2008

By Nigel Hodges of Currency Solutions

Trying to predict the future value of the GBP is similar to trying to foresee how shares in, say, Vodafone will fare tomorrow - it's guesswork.

But, for a consumer looking to buy property overseas, a currency sinking in value need not be bad news. There are ways to guard against currency volatility, and it still pays to keep an eye on the market...

1) Will the UK adopt the EURO any time soon?

Get me a crystal ball and I'll tell you! This is an impossible one to call with any certainty. It is true the UK Government has been aligning itself more with its European neighbours, but it is also true that many politicians - and a large chunk of the public - think it's the wrong move.

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