Quote:
Originally Posted by slapass
London is such a huge banking center that it makes sense.
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Was........ revenues derived from financial services has collapsed since the crisis begun. The UK government will probably have to print money if it cant sell debt, and because the pound represents less 4% of worldwide currency reserves (as compared with 50% for the USD) then that'll probably put significant downward pressure on the pound.
Economy is in awful shape....... maybe theyll introduce Euro but allow Pound to continue side by side? Is that even allowed? If so, people would ultimately ditch the pound as it would become worthless sooner or later.