My Economic Confusion • 5 September 2008 • The SnowBlog

My Economic Confusion

11 months ago the pound reversed its long trend and begin to slightly weaken against the dollar. Six weeks ago it fell off a cliff. It's gone from $2.00 to $1.76 in that time. What's wrong with the UK economy that isn't more wrong with America's? Surely they're sinking faster than we are. Anyone able to explain it for me?


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