(36) Other types of Eurocurrencies include Euroyen, Eurosterling
or Europound, and formerly Euromarks.
The impact of the increase in the top rate of tax to 50% from next April will mean that, for 2010-11, even if the eurosterling
exchange rate remains around 1.15, this salary will translate into 2.9m euros.
Panel C shows that the 3-month Eurosterling
risk premium is slightly greater than 7 bps (16).
Last month Tesco Ireland introduced a eurosterling
price parity on all its clothes as part of a EUR 20million price restructuring.
On a brighter note there was good news for Welsh farmers this week with the establishment of the eurosterling
exchange rate for the 2008 Single Payments.
"It should be able to make further progress in Europe as it has balance sheet capacity, competition for acquisitions should fall back, and recent eurosterling
exchange rate trends also provide a mild tailwind."