Foreign Exchange - Pounds Sterling and Euro Exchange Rate Outlook
The US dollar exchange rate is resuming its uptrend against all the currencies, especially the benchmark euro, on a renewed round of risk aversion. The risk to the rising us dollar exchange rate scenario comes from deniers and wishful thinkers who imagine that the end is in sight and stock markets may recover after nearing or hitting the November lows. We believe the extent of the crisis is under-appreciated and new waves of catastrophic news are on the horizon, so the outlook for the US dollar remains bright, if for bad reasons.
Pounds to US Dollars = 1.4289
Pounds to Euros = 1.1339
Euro to Pounds = 0.8815
bye for now
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