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/

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 :)

Could you have chosen a worse time in 26 years Peaches?? :winkwink:

Have a good trip! :thumbsup

Dammit! :disgust

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

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 :winkwink: :thumbsup

PS.. Thinking... 28 years ago it was a totally different story!

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".

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.