Value of the ££

What is the value of the £

I read here that it is $1.21 but my converter says $1.48. Which is it?

http://news.bbc.co.uk/2/hi/business/10124179.stm

That article is about the euro.  The £ is still at $1.42 according to xe.com (which updates every few mintues).

That article is about the euro.  The £ is still at $1.42 according to xe.com (which updates every few mintues).

Thanks,


Darrrrr

Thanks,


Darrrrr

haha, but at least it's not $2=£1!

haha, but at least it's not $2=£1!

More's the pity!

Hi there,

Yep, I almost would've fallen off my chair if the pound was that low overnight!

it's still not much better though, currently £1= $1.42 US

Until the emergency budget is delivered then the pound looks to be dropping - with the fiscal plan of trying to get the UK out of debt as quickly and responsibly as possible, the markets like the announcements in the budget then the pound value should rally and strengthen again.

It's a bad thing for those of us in business, and this will filter to consumer levels. Expect the prices of goods and services to be significantly more expensive if the pound keeps losing value after the budget announcement.

Hold on tight everyone, lets just hope the roller coaster ride the UK is on is more of a smoother one rather than a big giant one....

Cheers, DtM! West London & Slough UK!

it's still not much better though, currently £1= $1.42 US
Looks good from this side.


 - with the fiscal plan of trying to get the UK out of debt as quickly and responsibly as possible, the markets like the announcements in the budget then the pound value should rally and strengthen again.
I don't keep tab but is the UK in any worse shape than the US?

It's a bad thing for those of us in business, and this will filter to consumer levels. Expect the prices of goods and services to be significantly more expensive if the pound keeps losing value after the budget announcement.
Denis, a tech here. If you are exporting to the US this would be very good news. It may be over simplified but think of all the Mini, Land Rover and Jaguar workers who will be recalled because of the demand in the US??? Not good for Boeing however



Cheers, DtM! West London & Slough UK!

Hi peacemaker

1. For US holidaymakers coming to the UK, then the exchange rate looks good. Anyone wanting to transfer money from the US to the UK, yep, it's favourable. Reality is that in the big picture, there's really not much traffic in those two elements.

2. The UK is in far worse overall shape than the US.

3. Theoretically, exports will do better - however, demand is substantially reduced overall as credit to finance those new cars is harder to come by now.

As this is a UK/USA focussed site, and the worlds trading currency being the US dollar, many items, financials, trade is linked to the USD. The UK costs more to do business in, so prices will inevitably go up here as the pound weakens. There's a whole lot more to it of course but from a consumer level, that's about the size of it right now.

Cheers, DtM! West London & Slough UK!