I know it took a knock with the London bombings, but why is it now getting worse and worse? I thought it'd recover!
USD:GBP exchange rate
Jul 18, 2005
2 Replies
Interest rates dear boy, rising in the US and seemingly falling in the UK (if the swap markets are to be believed).
Which also indicates while US economy is growing, it's shrinking over here with falling house prices and downturn in the High St, weak manufacturing figures and growing trade deficit (more import over export etc). The forex market is pricing in rate cut in August, and possibly another one by year end.
Alec
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