Britain and the European Currency

Currency is a unit of exchange, which makes the transfer of goods and services possible. It is a form of money. Each country or region has a currency zone, which is where a specific currency is the main standard of exchange. To make trade between zones easier, exchange rates are created to set prices at which currencies can be exchanged against one another (http://en.wikipedia.org/). The 'pound sterling' (£) is the …

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