1985 US Dollar v British Pound...
 

Just saw on the news that the Dollar was 1.05 against the pound.

Damn, I wish it was like that again, that would be pretty damn sweet. Almost the same in my own currency for my dollars earned.

Yeah that would be nice, but i can't see that happening again for a very very long time

never say never but it definitely wont be anytime soon. Think Jan 2009

2009??? Never knew you did comedy PM :winkwink::thumbsup

Estimate - tho who knows? Around 2010 the worst effects will be showing and would think it will take 10 years to see light at the end of the financial mire tunnel. That is - if anyone is actually going to implement a fiscal policy - and that's not going to be a pretty picture unfortunately.

More like 2019 :1orglaugh

Just like USD was 1.05 against CAD in July 2007

http://img88.imageshack.us/img88/3656/graph120jf9.png

Imagine the value of USD after 20 years, if US have been doing shit to the world in similar way they have been doing since 1985.

And by the way, rate of shit has been increased way too much, so it would probably take 4-5 years :2 cents:

Apparently on the news it says a lot of it has to do with the fact the US is lowering interest rates in order to prevent a recession. Whereas here, we are putting them up since borrowing has never been more popular. Thats leading to investors putting their money into the UK and Europe coz in the short term they are getting more returns than the US would give.

I wish we would just drop our interest rates quickly. Apparently by the end of next year we should be back down to around 5%. I remember it was 4.5% about 18 months ago.

It's a different scenario, but the UK home market is about to do the same as the US soon - tho nowhere as severe. That's one of the major reasons for rising interest rates - to cut the level of house market borrowing and noticed a couple of reports today which indicate that is working.

So... interest may come down again soon :thumbsup