Wilson PonPound Vs Dollar – The Battle is continuing
June 13th 2009 14:56
The war between Pound and Dollar has been continuing for over several centuries. There was a time, where Pound Sterling stood proudly above $2.446 on 5 November, 1980 and it’s the highest peak for Pound vs Dollar!
After that, the Dollar started to regain its strength and fight back beautifully. In early January 2009, the exchange rate for Pound vs Dollar was reached it’s lowest point, where it only worth $1.36!
After a long battle, the Pound Sterling seems to stand up again on the $1.60 level. According to the economists, this happening of this situation might due to the investors to shift away from dollars to pound, as they’re looking for a more secure investment!
In other hand, the UK economists worried that the increasing government debt might lead to higher taxes. When it occurred, many investors will start to flee away and looking for new investment in other countries!
Therefore, it’s seriously urgent to overcome the government debt as soon as possible.
After that, the Dollar started to regain its strength and fight back beautifully. In early January 2009, the exchange rate for Pound vs Dollar was reached it’s lowest point, where it only worth $1.36!
After a long battle, the Pound Sterling seems to stand up again on the $1.60 level. According to the economists, this happening of this situation might due to the investors to shift away from dollars to pound, as they’re looking for a more secure investment!
In other hand, the UK economists worried that the increasing government debt might lead to higher taxes. When it occurred, many investors will start to flee away and looking for new investment in other countries!
Therefore, it’s seriously urgent to overcome the government debt as soon as possible.
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