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Old 28-08-2004, 06:55   #1
sourcerer
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What if GBP or CHF disappears?

Hi,

Hmmm..wasn't sure if I should post this in the beginner forum or here, but here goes.

I know it won't happen overnight, but I wondered what would happen if the British would adapt the Euro and you'd be long GBP/USD at the moment. Same what would happen if the Swiss would adapt the Euro (after all they will join the EU) and you were long USD/CHF.

I find both scenarios interesting because on the one you are long the disappearing currency while on the other you are short the disappearing currency...seems there *must* be a difference in that.

I know people here must know as it happened before, I just wasn't there

Anyone who can shed some light on this?

Kaj
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