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Gbp Versus Usd In 2H 2011


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Hi all,

I have been wondering about GBP versus USD currency movements. We both have ZIRP, they QE'd more than us, our credit rating is better, and supposedly we are a safe haven (I know, I know). Put another way, the US is in as much trouble as us. So why is the GBP roughly 20% down on the USD since July 2008? Any chance of a correction?

Q

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I thought that before 2008 it was overpriced and had fallen to reflect it's long running true value against the dollar.

You're probably right. Unanimous votes so far for the bottom option. I was hoping a GBP bounce vs the dollar might produce a PM buying opportunity (I have none atm).

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