They, in turn, are discovering the degrees of freedom and room for analytical maneuver in high frequency information generated by the day-to-day functioning of banks. It is vital that we develop an environment where these synergies are nurtured so as to serve the longer-term strategic interests of banks.
So much is evidenced by the degree to which the British economy is affected by the exchange rate movements of sterling. That influence being as great as it is, then surely it is better to be seated at the table where the policy affecting your economy is determined. That means joining EMU.