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Dollar at 26-yr - $2 < £1 ! Dollar at 26-yr - $2 < £1 !
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Old 04-18-2007, 06:02 PM   #1
s9ann0
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Dollar at 26-yr - $2 < £1 !
Dollar at 26-yr low vs pound

LONDON (Reuters) - The dollar fell to a 26-year low against sterling and neared an all-time trough versus the euro on Wednesday as expectations of U.S. rate cuts contrasted with prospects for monetary tightening in other countries.

http://investing.reuters.co.uk/news/...KETS-FOREX.xml

:o/
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Old 04-18-2007, 06:55 PM   #2
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Its killing me!! bring on the interest rate rises!
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Old 04-18-2007, 07:07 PM   #3
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Its killing me!! bring on the interest rate rises!
OK, so is this good or bad for me and next week? I'm already planning a day at Harrods
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Old 04-18-2007, 07:22 PM   #4
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OK, so is this good or bad for me and next week? I'm already planning a day at Harrods
Could you have chosen a worse time in 26 years Peaches??

Have a good trip!
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Old 04-18-2007, 08:11 PM   #5
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Could you have chosen a worse time in 26 years Peaches??

Have a good trip!
Dammit!

In all fairness, the last time I went was 28 years ago so I probably got good deals then. Payback is hell.

Now I'm going to make all the natives buy ME lagers......
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Old 04-18-2007, 08:14 PM   #6
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Dammit!

In all fairness, the last time I went was 28 years ago so I probably got good deals then. Payback is hell.

Now I'm going to make all the natives buy ME lagers......
Pin these natives down and be the guest - cos you may be shocked at the prices

PS.. Thinking... 28 years ago it was a totally different story!
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Old 04-18-2007, 08:22 PM   #7
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Funny thing is, the dollar went up here again today.
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Old 04-18-2007, 08:40 PM   #8
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Funny thing is, the dollar went up here again today.
Against which currency pg? Still seeing it just over $2 = &#163;1 (1 USD = 0.498900 GBP). There are obviously going to be blips on the screen depending on both US and UK performance, but generally it's getting not so good in the longer term.

Can't remember exactly but both GBP and the Euro are forecast to rise around 5&#37; by the end of the year anyways - this is based just on "natural performance" and irrespective of the dollar, but thinking, unless the dollar increases at least 5%, it's not a pretty picture cos other Asian countries are also on an "upper".
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Last edited by Webby; 04-18-2007 at 08:41 PM..
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Old 04-18-2007, 08:45 PM   #9
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PS Not sure the UK Pound "really" qualifies for that ranking, but suppose it's what the market end up with. There is one very tight-fisted guy (Brown) in control of the finances there and it's doubtful that rating will drop.
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