During the past fifty years the pound sterling has fallen from $4 to $1.60 and in the last thirty or so it has fallen from 12 to 2.8 against the German mark. Most of us would be delighted to be rid of it and have it replaced by a stable unit of European currency. It is very unlikely that any replacement currency would perform in the long term worse than the pound has done already.
DAVID J HUTCHINSON
Petersfield, HampshireReuse content