Pounds on the Dollar

Posted By: Dr. Frugal in Currency on 11/08/2007 at 07:48:07

The Pounds Sterling is at a 26-year high of $2.10:$1USD. Wow. I, along with millions of other people, am wondering if the dollar is ever going to bounce back or if more countries are going to bail on keeping it and drop it down to something like 4:1 against the Sterling. I remember taking a trip to Europe in the mid-90s (pre-Euro) and we made a killing over there since the dollar was so strong and all the individual companies were pathetically weak. Not anymore.

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