FX Markets

BoE suggests round figure for sterling’s euro entry


LONDON -- The Bank of England suggested last week that a "more convenient" conversion rate should be used for sterling’s anticipated euro entry.

Odd conversion rates were confusing when the first wave of countries joined the euro, as they were difficult to remember, the bank said in its 17th edition of Practical Issues Arising From the Euro.

"Conversion rates expressed to six significant figures were unavoidable in the first wave, as 11 countries joined EMU [economic and monetary union]

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: