More Doom - Run on the Pound Underway

[Moscow Mule]

On a similar note, do you think Sandra in accounts would like to go out for a drink next Friday?

Probably. I hear she's a sort.

[OwlHoot]

Do people think it will get lower?

Surely the real situation in the States has not even been factored in yet?

After Gordon Brown urged the Saudis to produce more oil and lower it's price, they are in a sudden flap about their reducing income and have decided to try and maximize their investments by switching from sterling to dollars.

[AtW]

maximize their investments by switching from sterling to dollars.

They sell oil for dollars - their main UK "investments" are probably Man City, some houses etc.

Brown really did a sterling (hehe) job ****ing up UK and making it really unattractive for investments.

[Liability]

So what is the concensus on how low it will go on here?

[MrMark]

So what is the concensus on how low it will go on here?

It's more than £3 a pint where I'm located. That's pretty low, IMHO!!