Pound Vs Dollar

[Merritt]

So, the value of the pound against the dollar has been improving & is currently at a 7month high of $1.64 / £

GRAPH HERE

Question is - where do you think it will stabilise? Im guessing that figures of $1.9 to the pound are unlikely?

Any thoughts?

Steve

[Merritt]

Is the expectation then for it to level out for the moment or continue climbing slowly? The recent dip was attributed to a possible Gordon Brown leadership contest which has failed to materialise...

I suspect that anything over $1.75 by the end of the year is unlikely but then im no expert....

Steve