Tony's euro stance allows business a chance

Article Abstract:

It now appears unlikely that the UK will join European monetary union in the period to 2004. Businesses planning for this period can therefore assume that UK monetary policy will continue to be determined on the basis of the requirements of the domestic economy. If the economy begins to expand rapidly, interest rates will be increased to restrict growth. Interest rates will be cut to sustain demand if the economy begins to decline significantly in 2000. It can also be assumed that sterling will continue to act as it were connected to the dollar.

Economic & Political Union, Forecasts and trends, Interest rates

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Turbulence ahead for sterling in run-up to euro referendum

Article Abstract:

The strong drop in sterling can be seen as an early sign of future challenges that will be faced by the business and financial sectors in the UK in the run-up to a referendum on euro membership. The government's efforts to move the UK towards euro entry could in itself begin to create economic pressures.

Intnl Economic Policy, European Monetary System

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Time to take a second look at assumptions on sterling

Article Abstract:

Issues are discussed concerning the alleged requirement for the pound to fall in value prior to Britain being able to join the euro. The effect of such a fall on the manufacturing industry's needs are compared with those of the services industry.

Intnl Monetary & BOP Programs, Analysis, Eurocurrency market

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