The British have always been proud of the Pound. The dust had only just settled following the 1971 change from LSD (Pounds, Shillings and Pence) to the new decimal currency when pressure was piled on Whitehall to adopt the Euro. The Irish - eager to discard their own Pound to create a clear distinction between themselves and the Brits - jumped on the Euro immediately. The British public rebelled. While the rest of Europe coalesced around a single common currency, the Island nation stood steadfast in defence of its Pound.
A newsflash landed on Blighty's Blog's news desk this morning from our correspondent Mr Ya Hoo with the shocking news that Britain has finally relented and the Euro is today the official currency of Great Britain.
The Bank of England will continue to issue Euro paper money printed with the word "Pound" but, since the British Pound is now trading at par with the Euro, the old pound notes and the new "Europound" notes will be freely inter-changeable.
With contributions from Blighty's Blog financial editor Mr £. S. Poof.