One matter of consideration, at least for the British public, is the mere fact that the British Pound has never been called in for example in 1000 to 1 exchanges that practically every other country in Europe have had to endure.  In essence, whilst the Sterling have indeed lost some of its lustre from the past, it has retained enough of a value to not have been rendered insignificant by inflation as currencies such as the French Franc, Italian Lire, German Mark etc. have in the past. One matter of consideration, at least for the British public, is the mere fact that the British Pound has never been called in for example in 1000 to 1 exchanges that practically every other country in Europe have had to endure.  In essence, whilst the Sterling have indeed lost some of its lustre from the past, it has retained enough of a value to not have been rendered insignificant by inflation as currencies such as the French Franc, Italian Lire, German Mark etc. have in the past.