Supply Issues Building Materials ...

[Dustydazzler]

Building projects hit by lack of supplies and price rises

Industry warns people to delay home improvement due to shortage of cement, electric components, timber and steel.

www.bbc.co.uk

 

[Avo Mk8]

I don't believe there has ever been a time when the £ was worth €4. I don't believe the € has even traded half as weakly as that, against the £.

Just had a look. 1960 the highest ever at 2.95. Didn't last ?

 

[nicebutdim]

Just had a look. 1960 the highest ever at 2.95. Didn't last ?

What currency was that? Certainly wasn't the € in 1960 - maybe something just flew over my head ?

 

[Avo Mk8]

What currency was that? Certainly wasn't the € in 1960 - maybe something just flew over my head ?

I believe its a Euroland 'calculated' average value of Eurozone countries exchange rates at the time. Supposed equivalent of a Euro before it existed. This is what happens when I ask a robot a stupid question ?

 

[Mike Johnson]

Well it got everyone going, including me, I concede, memory is not all it should be, suppose it's age related. ?

 

[nicebutdim]

I believe its a Euroland 'calculated' average value of Eurozone countries exchange rates at the time. Supposed equivalent of a Euro before it existed. This is what happens when I ask a robot a stupid question ?View attachment 90937

This is fascinating and bonkers in equal measure ?

 

[pc1966]

I believe its a Euroland 'calculated' average value of Eurozone countries exchange rates at the time. Supposed equivalent of a Euro before it existed.

It did and was called the ECU (before it, the EUA, but I never had dealing with that as a little before my time in business).

European Currency Unit - Wikipedia

en.wikipedia.org

Commonly used for large pan-Europe projects (e.g. by the like of ESA) so everyone had a similar pricing model to agree upon.

 

[nicebutdim]

It did and was called the ECU (before it, the EUA, but I never had dealing with that as a little before my time in business).

European Currency Unit - Wikipedia

en.wikipedia.org

Commonly used for large pan-Europe projects (e.g. by the like of ESA) so everyone had a similar pricing model to agree upon.

Interesting. I remember much talk of the ECU from my childhood, but never realised it had been in use (even if not in circulation). I'd thought the ECU was an idea being mooted at that time and that they'd settled on Euro as a less unusual name, once an actual European currency had been agreed upon.

 

[pc1966]

Interesting. I remember much talk of the ECU from my childhood, but never realised it had been in use (even if not in circulation). I'd thought the ECU was an idea being mooted at that time and that they'd settled on Euro as a less unusual name, once an actual European currency had been agreed upon.

I think at one point they talked about calling the pan-Europe currency the ECU as major businesses were already using it, but decided to go with something far more catchy and likely to get the public imagination fired up.

Then it became the Euro...

 

[DPG]

I think at one point they talked about calling the pan-Europe currency the ECU as major businesses were already using it, but decided to go with something far more catchy and likely to get the public imagination fired up.

Then it became the Euro...

I'm sure I've got an ECU coin in my coin collection.