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exchange rate
Apr. 18th, 2007 11:41 am2 dollars for each of your English sterlings. Nice. What should I buy from America, now the exchange rate is good and I have disposable income? Suggestions please. (Or it'll all go on books and cds. Ooh, and downloadable software that Customs can't lay their hands on.)
Economists: how come the Pound has risen against the Dollar when UK inflation rose? I thought higher inflation is essentially a devaluation of the currency over time, and therefore the UK having higher inflation than the US would make our currency buy fewer dollars, rather than more? Is it to do with anticipated interest rate rises?
Economists: how come the Pound has risen against the Dollar when UK inflation rose? I thought higher inflation is essentially a devaluation of the currency over time, and therefore the UK having higher inflation than the US would make our currency buy fewer dollars, rather than more? Is it to do with anticipated interest rate rises?
