The United Kingdom's pound value continues to drop from a 10 month low period. Against the dollar, one pound equaled about $1.50, but this year, it is falling below the $1.50 amount, already about a 1.6% drop total this year so far. So the inflation rate for the pound value of the UK is falling significantly. Now things are going to seem cheaper but, the prices have dropped yes, but this will also effect the incomes in each household, making the currency in the UK unchanged.
Monday, March 1, 2010
UK's pound value continues to drop
The United Kingdom's pound value continues to drop from a 10 month low period. Against the dollar, one pound equaled about $1.50, but this year, it is falling below the $1.50 amount, already about a 1.6% drop total this year so far. So the inflation rate for the pound value of the UK is falling significantly. Now things are going to seem cheaper but, the prices have dropped yes, but this will also effect the incomes in each household, making the currency in the UK unchanged.
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