British Pound hits 14-year dollar high

[sem4u]

The pound has hit a 14-year high against the dollar amid speculation that the Bank of England will raise interest rates in the New Year.

In early Thursday trading in Europe, the pound hit $1.956, its highest level against the dollar since 1992.

Bad news for people in the UK who get paid via Adsense in US$.

Good news for companies who buy goods in from America.

[news.bbc.co.uk...]

[edited by: sem4u at 12:39 pm (utc) on Nov. 30, 2006]

[Visit Thailand]

An amazing story this. Bad news for many but a great time for many to go to the US for a year end holiday.

[BeeDeeDubbleU]

See [webmasterworld.com...]