Dollar vs Pound

[ed2288]

I remember not long ago, $50 was like �35 as opposed to �25. Any idea if its value is ever going to go back up again?

[Ethel]

It will go up - no doubt about it. When, I don't know.

[PrinceRainie]

Unless you live in america....why do u want it to go "back up" as a brit who goes to the states...surely its better the way rates are now than the way they were a year or so ago!!

You get more $ now

[Buenchico]

Anyone who can guarantee to accurately predict exchange rates could become a multi-billionaire almost overnight :-)

However, the USA has been 'trading while bankrupt' for many years. It's only the dollar's status as the world's prime 'reserve currency' which has kept it artificially high. The euro is already gaining credibility as a 'reserve' but many analysts predict that the yuan will eventually become the prime currency for world trade. As the dollar loses its 'reserve' status, its value is expected to continue to decline, possibly to the levels of the early 20th century, where $50 was worth less than �10.

Chris