After discussions last week and the Labor party annual conference we have this big question, when is the United Kingdom going to join the Euro? Answering to this question, the Prime Minister Gordon Brown said: “We will join when the time is right”.
Taking into account the financial meltdown and the currency fluctuations Britain will stay relying on pound stability, but another senior British Laborist MEP, without shadows of doubts, that “the economic downturn in Britain would be so protracted and the slump in the pound so profound that the next government would take steps to join the Euro.”
So maybe we don´t need to worry in the short term, but the strength of a currency relies on its credibility, now people won´t be sure how the GBP is going to behave, therefore investors, brokers and forex traders have to keep both eyes wide open and use all the tools in order to make the right decisions when trading GBP.
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