The value of 1 Pound is more than that of 1 Euro. But if you want to buy a cup of coffee, you pay less Pound than Euro. Is pound still stronger?? What do you mean by Pound is strong??
2006-09-17 11:54:19 · 9 answers · asked by rachel 1 in Social Science ➔ Economics
it is all done by ratio....for example for one pound you get .75 of a a euro......................for one pound you get 1.95 dollars [us] either way the pound is stronger and worth more [this is basically ONLY on paper, nothing else is meant by it] the dollar is slightly weaker at the moment but is more than due for a surge back to equal footing.
The euro has ALWAYS been weaker than the pound since it was brought into use.............and can never see it gaining any strength to be honest.
2006-09-17 11:58:27 · answer #1 · answered by candy g 7 · 0⤊ 0⤋
On the international market the British pound has a higher value than the Euro. The cost of living regionally is an entirely different consideration. I'm sure the euro has more purchasing power in Portugal than it does in Paris. And I am certain that things in London cost more than the same items in Liverpool.
2006-09-17 12:00:13 · answer #2 · answered by islander 5 · 0⤊ 0⤋
It is basically of interest to currency traders. The Pound is stronger means that it is more desirable to hold than the Euro. Inflation and interest rates affect the relative value of currency. If banks are paying higher interest in Great Britain, or if inflation is lower in Great Britain, the Pound is worth relatively more. Higher inflation makes the Euro worth less.
It is really not an issue for an individual unless he has to trade Pounds for Euros, or vice versa, for any reason.
2006-09-17 12:00:08 · answer #3 · answered by regerugged 7 · 0⤊ 0⤋
Pound is stronger, meaning that a pound is worth more, which is why you pay less pounds than euros if you buy coffee.
2006-09-17 12:01:35 · answer #4 · answered by tigerlilyx 3 · 0⤊ 0⤋
1 pound is equal to $2 and1 Euro is about $1.29. This makes pound the stonger of the three. Francs are I think smaller than Euro.
2006-09-17 12:03:41 · answer #5 · answered by observer 4 · 0⤊ 0⤋
in the international market, the pound is worth more than a euro.
the value of things varie not by which coin is worth more, but by the cost it takes to produce, manage and transport a product in a certain region.
2006-09-17 11:58:22 · answer #6 · answered by coldman64 2 · 0⤊ 0⤋
because its backed by a better sourch our euro dollor is all debt money is simply a reciet backed by nothing henve our 6 trillion dollor defesiiittt
2006-09-17 12:09:43 · answer #7 · answered by fusionholder 1 · 0⤊ 0⤋
its just the exchage rate.........it goes up and down the whole time!!!! its basically the value of money towards each other
2006-09-17 11:56:36 · answer #8 · answered by MissElection 4 · 1⤊ 0⤋
it has more value at the moment
2006-09-17 11:55:05 · answer #9 · answered by texascomet 4 · 0⤊ 0⤋