Yesterday our money markets took their largest losses since the end of the world war. The exchange rate now for the dollar is as follows:
Live rates at 2008.03.18 18:40:20 UTC
50,000.00 GBP = 100,891.10 USD
United Kingdom Pounds United States Dollars
1 GBP = 2.01782 USD 1 USD = 0.495584 GBP
Now on the plus side I may be able to afford those two brothers from the USA after all.
What is the government going to do about it. The US fedral reserve has already started systems to loan banks momey and it looks like they could have another interest rate cut.
Basic energy suppliers are posting record profits and the cost of living is gettin stupid.
I really fear we are heading for another recession.
Can any of you guys explain the situation in simple terms to me?
Live rates at 2008.03.18 18:40:20 UTC
50,000.00 GBP = 100,891.10 USD
United Kingdom Pounds United States Dollars
1 GBP = 2.01782 USD 1 USD = 0.495584 GBP
Now on the plus side I may be able to afford those two brothers from the USA after all.
What is the government going to do about it. The US fedral reserve has already started systems to loan banks momey and it looks like they could have another interest rate cut.
Basic energy suppliers are posting record profits and the cost of living is gettin stupid.
I really fear we are heading for another recession.
Can any of you guys explain the situation in simple terms to me?
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