breakthrough this morning 1£ = $2+
 

15 year high

Wonderful news :)

Does that mean I should plan a trip to America now?

Now if only Easyjet start flying there ...

Steve

Well, on Friday Michael O'Leary, the CEO of Ryanair, announced that he is envisioning trans-Atlantic flights for as little as $12. However, although these will be several years from now, perhaps the exchange rate by then will mean that they will cost only £4.

>...the CEO of Ryanair, announced that he is envisioning trans-Atlantic flights for as little as $12.<

If you think cattle class is uncomfortable now,....

Also, keep in mind that with taxes and fees, the $12 fare will be $687.50.

((I))

I've just had a worzel on priceline and a week's hotel around my birthday in New York* is £250. Half a monkey!

The whole American Hair issue is a worry though. And the guns. Hair and guns, and the teeth. Hair teeth and guns, and the clown's shoes. Hair teeth guns and shoes. It's a worry.

Brings back fond memories of London, February, 1985 the exchange rate was nearly even.

We won't be going to the UK for a while!

Let's see...

Trip to London, or paying off the mortgage?
Trip to London, or groceries for the next year?
Trip to London, or a new car?
Trip to London, or paying my taxes? (don't get me started on that one!)

Trip to London!

Forget the mortgage, groceries, taxes, etc.

Life is short... As only too painfully illustrated yesterday in Virginia.

"Crazy" you aren't...thanks for the perspective.

I'm now glad we bought our tickets on a whim. If we had looked at the exchange rate before and planned everything out before, we might have decided not to go....Life's too short!

We leave in 2 weeks!! :)

Pardon my ignorance - does it mean that Europeans can travel to US for cheap and vice versa?

SeanLand, when the US$ gets weaker, we (American tourists in the UK) must pay more for each £, thus making our trip more expensive. For example, if a hotel room costs £100/night, that translates to $200. A few years ago when the exhcange was 1.75, that £100 room would have cost me $175.

Conversely, when our British friends come to the US they will get more US$ for each £. A hotel room costing $100/night will now cost them only £50. Back when the exchange was 1.75, that same room would cost £57.14.

So a weaker US$ is bad for Americans traveling in the UK because it drives up the cost of our trip. However a weak dollar is good for British tourists in the US because they are getting more US$ for their money.

So to our British friends, come on over!! :-)

"Hair teeth guns and shoes. It's a worry."

I know some Americans feel superior about their teeth, and that our guns are not up to the standards of Purdy and the other London "best" makers, but what are the hair and shoe issues?

Don't ask. He supports Spurs. Of course he has issues.

P_M. :-(

Reading this from my hotel room in Norwich. Obviously my week in the UK is going to be even more expensive than planned.

All the more reason to visit Mexico; Argentina and Chile.
M

Very good explanation P.M.!
to continue with Economics 101:
there are some benefits of the weaker dollar : American export are cheaper abroad ( more exports and jobs in export industries) ,investment in U.S is more attractive ,and of course travel to U.S. is cheaper so service industries benefit.
Now for the down side for Americans: more expensive to travel, invest abroad, and buy imported goods .

Well I have no hair, but I support the Spurs as well.....my teeth are nice though