Tuesday, January 23, 2007

Pay Me In Pounds!

Via BBC News:

Pound close to $2 exchange level
Pound coins
A stronger pound will have a mixed impact on the UK economy
Sterling hit a 14-year record against the US dollar and Japanese yen as high UK interest rates attracted investors.

The pound rose above $1.99 on currency exchanges, almost breaking the key $2 rate. Against the yen it hit 241.42, a level not seen since September 1992.

Analysts said the shock interest rate rise by the Bank of England had seen many investors shift into the pound and sterling-denominated assets.

2 comments:

  1. What's that bring the average pint of the black stuff to in USD? 6?

    ReplyDelete
  2. Sounds about right... depends on the bar.

    ReplyDelete