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    3. What happens to the £ Sterling and the Euro if the US defaults?
    What happens to the £ Sterling and the Euro if the US defaults?

    The US looks like it might default on its debt of $14.3 TRILLION . What effect will this have on The £ and the euro?

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    +2  Views: 841 Answers: 3 Posted: 12 years ago
    nomdeplume

    any ideas or comments?
    Commented 12 years ago
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      3 Answers

      The UK pound stirling will often get stronger. The Euro at the moment is very poor, with countries like Greece, Ireland & Portugal having serious problems.   

      12 years ago. Rating: 2
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        nomdeplume

        My situation is that I live in the Eurozone but my money arrives in £ Sterling. £1 now buys 1.13 euros but a few years ago £1 would have bought 1,50 euros.
        commented 12 years ago

        Yes as you well know the Euro is not a good buy if you are in the UK. It has somewhat damaged the holiday industry here, with holidays to Eurozone being hit badly. A long time before it gets better.  

        12 years ago. Rating: 1
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          Yes indeed. As you well know  in the UK going on holiday - the Euro is not a good buy. The UK holiday trade has been badly hit with the Euro. It will be long time before it recovers.

          12 years ago. Rating: 0
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