bigfoot

Many thanks to all who posted, the replies added to my overall knowledge.

The UK will enter the single currency in 04/05. Financially informed opinion gives the most likely entry level at 8.25ff/ (1.26Euros). Even if we don't enter, the Rate will settle around this level, Working from a Datum of 10ff/ (1.53) A House and its buying costs will be effectively increased by 18%. Pensions and Savings Income from the UK will be effectively reduced by 18%.