Talk:Sterling Area
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What happened on that day in 1972? A devaluation on the part of British pound sterling? Should the Irish Pound be in this list? Morwen - Talk 18:18, 15 March 2006 (UTC)
- Apparently, the pound was floated. Warofdreams talk 02:08, 17 March 2006 (UTC)
- Well, the pound was effectively floated in 1971 with end of the Bretton Woods system. However Britain didn't move too quickly to float its currency away from the dollar due to the major negotiations about EEC membership that were ongoing. In fact the reason why Sterling floated from the dollar on June 23 1972, and why so many other Sterling area currencies floated from Sterling, was that the effective ending of the Sterling area (with the exception of a few dependencies like Gibraltar and Jersey) was a requirement of Britain's entry into the EEC on 1st January 1973. The Irish Pound should be on this list, as it was pegged to sterling until the early 1990s.BaseTurnComplete 20:47, 22 April 2006 (UTC)
[edit] Re-write
I've re-written this to remove some rather unrepresentative and parochial examples of currencies leaving the zone and to give a better history of why the Sterling zone effectively ended in 1972.BaseTurnComplete 10:17, 24 April 2006 (UTC)
Another British Empire trasher-"Britains decline as a world power-"well ,into third place actually- not bad for fifty millions out of five billion-and only after 450 years at the top!!! However it might interest somepeople that sterling was-right up to 1970 or so -the main trading currency of the world-out side America... As it is the fourth most important currency still -in 2006 thats not bad......In relative terms the British are still at the top ,currency wise as in everything else!!!
I think I will have to put this into the main article sometime
- Empire trasher? In the twenty years or so after WWII Britain went from a superpower to a second-tier power, militarily and strategically. That's a fact and is a clear decline in my book, albeit a decline from the top. By the way, I'm a Brit and view our imperial history in a very positive light. But being a Yorkshireman, I call a spade a spade. Just in case there are many more sensitive souls like you I've inserted the word "relative". Please sign your comments in talk! BaseTurnComplete 13:41, 16 July 2006 (UTC)
