Brussels, 03/07/2001 (Agence Europe) - On Tuesday the Financial Times wrote that even if the United Kingdom's economy and that of other Member States in the Euro area appears to favour economic convergence, a situation that has not been experienced since 1995, it should still delay its entry into the Euro zone. The British newspaper backed up this claim by drawing on a financial study published that day by the financial services firm, PwC, which shows that the overvalued pound and shaky global economy means that the United Kingdom should wait and see whether convergence can last before joining the EURO. PwC's warnings echo recent comments by Sir Edward George, governor of the Bank of England, who said that not only was sterling too high to enter the EURO, but that current global economic imbalances made it a difficult time to push for monetary union. The report also argued that, "Prudence might indicate delaying any final assessment at least until the current downturn is completed".