2007-12-19 13:09:55 · 7 answers · asked by Rita K 1 in Social Science ➔ Economics
I would hope so, but I highly doubt it will happen anytime soon. Yes, we are still cutting interest rates, and we have a massive trade deficit.
2007-12-19 13:14:32 · answer #1 · answered by Anonymous · 1⤊ 0⤋
There is a theory that when a currency falls, it under shoots its equilibrium value and so will recover part of the lost ground. This would predict that the value of the dollar will rise from it present low vs other currency including the British Pound.
http://en.wikipedia.org/wiki/J_curve
2007-12-19 13:50:14 · answer #2 · answered by meg 7 · 0⤊ 0⤋
there is a reportable rumor they are have problems with their immigration. Should we check the Pound against each immigration dollar or should they travel more using the pound against the dollar.....?
2007-12-19 13:24:27 · answer #3 · answered by astrokick 3 · 0⤊ 0⤋
I think it'll hold against the Dollar however it has lost ground to the Euro
2007-12-19 13:27:57 · answer #4 · answered by John W 3 · 1⤊ 0⤋
Nah, the economy is looking better than the US and Europe at the mo. Gordon Brown is a muppet, but he is good at keeping the £ afloat, if nothing else.
Long may my amazon US bargains continue :)
2007-12-19 13:13:30 · answer #5 · answered by Flank 3 · 2⤊ 0⤋
Never.
2007-12-19 14:05:03 · answer #6 · answered by Anonymous · 0⤊ 0⤋
no, the us is still cutting interest rates
2007-12-19 13:13:19 · answer #7 · answered by Didgeridude 4 · 1⤊ 0⤋