Thursday, 16 October 2008

£ and $

The dollar gained strength against the pound yesterday, to close at 1.746. There was only .001 difference, but, for that guy with $1m to change, it was a difference of some $500. The markets today were a bit down, yesterday heavy losses. Fasten seatbelts for more turbulence, but we do hope that an experienced captain will take control of the cockpit and we will continue on calmly.

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