[nth09]

Originally Posted by Moorlandman

Average sterling rate against the dollar has been $1.55 for the last 30 years.

The current "brexit" rate is appalling

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Spot on. Historically (in any meaningful sense) 1.50 is par. To say one thing is not abnormal (current rate) because you can find a case that was more abnormal makes no sense at all!

However that's certainly not the whole story. We are now seeing dollar prices that would "sting" even at a 1.50-1.60 rate.