UK is going to join the euro | Forex Factory

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UK is going to join the euro

  • #1
  • First Post: May 17, 2012 9:49am May 17, 2012 9:49am
1. There's no way Greece is going to be kicked out of the euro.

2. UK's biggest export is cars. Nearest market is Europe. UK must export lots of cars to europe and beat Germany.

3. David Cameron is now (today) making comments on Europe.

4. EUR will continue to climb against GBP over the next few months which will make British made cars cheaper for european buyers

So, my long-term position over the next few months is buying EURGBP
  • #2
  • May 17, 2012 2:04pm May 17, 2012 2:04pm
Quote
1. There's no way Greece is going to be kicked out of the euro.

Nope, they will leave of their own devices.

Quote
2. UK's biggest export is cars. Nearest market is Europe. UK must export lots of cars to europe and beat Germany.

No it isn't.
Quote
3. David Cameron is now (today) making comments on Europe.

Well....he does live there.
Quote
4. EUR will continue to climb against GBP over the next few months which will make British made cars cheaper for european buyers

Will it? Not by recent evidence it won't

Quote
So, my long-term position over the next few months is buying EURGBP

Cool! The UK still won't join the Europe though, what a peculiar idea.
  • #3
  • May 18, 2012 7:54am May 18, 2012 7:54am
Quoting FrinkFX
2. UK's biggest export is cars. Nearest market is Europe. UK must export lots of cars to europe and beat Germany.

oh boy this place is so great. brilliant entertainment.
  • #4
  • May 22, 2012 8:46am May 22, 2012 8:46am
Umm.. european cars have the wheel on the left side ... not sure anybody really wants a UK made car in Europe .. LOL

Quoting FrinkFX
2. UK's biggest export is cars. Nearest market is Europe. UK must export lots of cars to europe and beat Germany.
forget about tomorrow, just steal away into the night
  • #5
  • May 22, 2012 9:30am May 22, 2012 9:30am
Is there any news abut this or your just playing smartass?
  • #6
  • Last Post: May 22, 2012 9:30am May 22, 2012 9:30am
Yes. The UK will give up sovereignty to prop up Spain and Italy so it can sell a few more cars.
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