[piers2210]

Since the first post in this thread (and the article in the telegraph which showed a rate of $1.58 to £1, and a fall of nearly 10% on that day on Oct) the pound has continued to fall and is now at $1.43 to £1 today.

And as Swanny pointed out above, the euro is now basically on par with the pound.

For all those who like to buy imported foods and goods, or like to holiday outside the British Isles (or maybe live overseas but are paid in Pounds) the continuing fall of the pound against ALL currencies (including the weak asian currencies) is a disaster. As the fall affects so many, the likelihood of the euro being ushered in as a replacement for the pound cannot be far away.

Its part of the plan.....

The only currency the pound may rally with in the new year is probably going to be the dollar as the usa is as bankrupt as the pound.

But we should expect continued downwards currency movement this coming year.