1.00 GBP = 2.10431 USD

[StageLeft]

How can politicians not worry about something like this?

Same reason nobody else does. How many water cooler discussions are about this? Most Americans have a sense that the dollar is weakening but couldn't, I'm positive, give even a semi-accurate guess as to its worth to a single foreign currency.

 

[ultimatebob]

Originally posted by: Skoorb

How can politicians not worry about something like this?

Same reason nobody else does. How many water cooler discussions are about this? Most Americans have a sense that the dollar is weakening but couldn't, I'm positive, give even a semi-accurate guess as to its worth to a single foreign currency.

Honestly, I think that it's because most people haven't been personally impacted by it yet. I haven't really noticed foreign goods increasing in price in the US, and I haven't traveled to any foreign countries lately.

Compared to the war in Iraq and the local illegal immigration problems, this issue seems fairly trivial.

 

[Rickten]

Originally posted by: ultimatebob

Originally posted by: Skoorb

How can politicians not worry about something like this?

Same reason nobody else does. How many water cooler discussions are about this? Most Americans have a sense that the dollar is weakening but couldn't, I'm positive, give even a semi-accurate guess as to its worth to a single foreign currency.

Honestly, I think that it's because most people haven't been personally impacted by it yet. I haven't really noticed foreign goods increasing in price in the US, and I haven't traveled to any foreign countries lately.

Compared to the war in Iraq and the local illegal immigration problems, this issue seems fairly trivial.

what about gas for your car?

 

[ultimatebob]

Originally posted by: Rickten

Originally posted by: ultimatebob

Originally posted by: Skoorb

How can politicians not worry about something like this?

Same reason nobody else does. How many water cooler discussions are about this? Most Americans have a sense that the dollar is weakening but couldn't, I'm positive, give even a semi-accurate guess as to its worth to a single foreign currency.

Honestly, I think that it's because most people haven't been personally impacted by it yet. I haven't really noticed foreign goods increasing in price in the US, and I haven't traveled to any foreign countries lately.

Compared to the war in Iraq and the local illegal immigration problems, this issue seems fairly trivial.

what about gas for your car?

I thought that had more with the per barrel price of oil skyrocketing.

Not that I really care... My MINI gets 40 MPG

 

[imported_Lothar]

Originally posted by: LegendKiller

Originally posted by: Lothar

Originally posted by: intogamer
But isn't the British economy sucking?

No, it's not.
You're confusing Britain with France, and Italy.

They are also living on borrowed time, literally. Their credit cycle is a little ahead of ours, but not much. Just wait.

I agree with their credit cycle being ahead of ours.

However, when I said "better", I was speaking purely of other economic indicators.
Even with the US GDP increasing, US wages have been staying stagnant for the past 5+ years, and unemployment is still pretty much the same and still has more room for improvement.
Rich getting richer, poor getting poorer, and middle class staying middle(or being pushed to lower class because of the "rich getting richer".

The Bank of England does seem to be having problems keeping inflation under the belt, compared to other central banks.

 

[Oceandevi]

time to invest in lead!

 

[BoomerD]

Originally posted by: Zenmervolt
Hasn't the pound historically been around twice the value of a dollar? This doesn't seem surprising at all to me.

ZV

oops...edit that...I guess I mis-remembered...it was about $2.50 back then...
In the 40's, the pound was pegged at about $4 by agreement between the US and Britian...but that didn't last too long.