Saturday, 20 September 2008

£ and $

The dollar strengthened a couple of weeks ago against the pound, quite possibly due to measures the Bush administration took to control the fincancial problems in the sub prime mortgage housing market - which those of us with not so short memories might recall was created by Bill
Clinton against the advice of many Republicans.
It was trading at $1.78 and Friday was $1.82, after being around $2 for a while. That makes it more affordable for Americans to visit London, and, this time of year, flights are down. But make sure you don't book your flight on a fly by night firm or you may not fly at all, which is what has happened here to some 300,000 people!
This blog will give updates on the pound/dollar exchange rate on a weekly, if not daily, basis.
One way to strengthen the old buck is to get in a senior statesman as President, watch the market rally as McCain wins in November.

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