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1971
- 2001
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POUND STERLING
The 'Big' Picture on Interest Rates
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Chart
1
Interest Rates
The Big Picture
1971 - 2001
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1998
- 2001
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POUND STERLING Interest Rate comparison
with USA - Canada - Norway - Europe - Switzerland - Japan
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Chart
2
Interest Rates
1998 - 2001
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1998
- 2001
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FOREX RATE COMPARISON
GBP - CAD - NOK - EUR - CHF - YEN vs USD
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Chart
3
FX IN %
vs USD
1998 - 2001
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1998
- 2001
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FOREX RATE COMPARISON
GBP - CAD - NOK - USD - CHF - YEN vs EURO
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Chart
4
FX IN %
vs EURO
1998 - 2001
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COMMENT
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My currency model, based on studies retrieving Interest- and
Forex-Datas since 1971, proofed quite accurate over the longer
run.
*
Upon this model the theoretical parity between Euro and USD
should be around 0.93 Euro for one USD (actual level is 0.85)
- ... The British Pound however is pritty on track against the
USD: Theoretical parity should be 1.40 (actual price 1.3890)
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Should the GBP enter into the european monetary system, it would
add probably some strength to the EU (contrarily the entry of
e.g. Turkey would add weakness to the EU)
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What could be some particular british considerations concerning
joining the EURO ?
1.
British interests in Commonwealth Countries (Australia,
New Zealand )
2.
British interests and historical economical relations
with Canada which is now more related to the USD after
joining the NAFTA
3.
Other economical relationships with countries like South
Africa, India, etc.
4.
Thus the British Central Bank would shift quite a lot
of particular political power
(and related problems...) to the European Central Bank
which probably would not be able to handle them.
5.
The U.K. have the North Sea Oil - (same as Norway) - that's
why the Norway Coroner is included in this study.. |
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