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eugene_vn · 11-16-2008, 01:19 PM

If it's any consolation, the pound is due for a rally to around 1.67 over the next 6-8 months. However, further deterioration to levels not seen since 1984-1985 should ensue after that.

Of course, if the US dollar gets wiped out around the same time (summer 2009 as many are predicting) then the entire world currency system could change (e.g. UK starting to use the euro. USA using the amero. . .) in such a way that it is no longer possible to rate the pound's strength in terms of its relative value to the US dollar, Swiss franc, etc.

11-16-2008, 01:19 PM	#17
eugene_vn Avalon Senior Member Join Date: Sep 2008 Posts: 31	Re: Pound suffers worst fall in 41 years If it's any consolation, the pound is due for a rally to around 1.67 over the next 6-8 months. However, further deterioration to levels not seen since 1984-1985 should ensue after that. Of course, if the US dollar gets wiped out around the same time (summer 2009 as many are predicting) then the entire world currency system could change (e.g. UK starting to use the euro. USA using the amero. . .) in such a way that it is no longer possible to rate the pound's strength in terms of its relative value to the US dollar, Swiss franc, etc.