Why does the British Pound outweigh the US Dollar in value when it seems that the economy of the United States is far more powerful?

Why does the British Pound outweigh the US Dollar in value when it seems that the economy of the United States is far more powerful?
by

1 Answer

Answer :

answer:I think that, in general, it has something to do with the fact that the British economy is strong and reliable, and that the UK has always had very profitable trading agreements throught the commonwealth and the world at large. While if we’re talking right now well, because the US economy is in the shitter compared to the UK’s, and most of Europe, even (what is it, 1$ = 0.7€ or something?). Plus your credit rating got downgraded for the first time in history recently so it follows the coin is losing value as a result (seeing how the buying power of a coin is, supposedly, representative of its country’s credit reliability)
by

Related questions

Do the benefits of joining AARP outweigh the pissed-off-edness that comes with realizing you're old enough to join?

Description : Do the benefits of joining AARP outweigh the pissed-off-edness that comes with realizing you're old enough to join?

Last Answer : Auggie, I get the cards. It sucks, but what’s your other option?

What can I do about my extremely emotional cat whose need of love seems to outweigh what I can realistically give him?

Description : What can I do about my extremely emotional cat whose need of love seems to outweigh what I can realistically give him?

Last Answer : He knows you’re stressed & he knows your current health condition @deni. It sounds to me as if he’s extremely concerned over you.

Do you think the US dollar will rally?

Description : Do you think the US dollar will rally?

Last Answer : Early 2013 at the earliest. Until then, incompetence will still keep its value down.

Was US Dollar ever backed by gold and silver?

Description : Was US Dollar ever backed by gold and silver?

Last Answer : Yes. Nixon took us off the gold standard.

Value of a 1963 Dollar Bill?

Description : Value of a 1963 Dollar Bill?

Last Answer : $5? any pics?

The American Academy of Pediatrics just published a policy statement that states that the benefits of circumcision outweigh the risks. Do you still think it's child abuse?

Description : The American Academy of Pediatrics just published a policy statement that states that the benefits of circumcision outweigh the risks. Do you still think it's child abuse?

Last Answer : While I feel for the infants discomfort, I do not consider it child abuse. Different choices for different families and cultures. We could argue that spaying and neutering pets is a physically ... well, even though the benefits outweigh the surgery, as is true for the circumcision procedure IMO.

What's the difference between a guinea and a pound?

Description : What's the difference between a guinea and a pound?

Last Answer : A guinea is a pound plus a shilling and was usually used to quote expensive prices in.

Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the dollar would: A. Appreciate in value relative to other currencies B. Depreciate in value relative to other currencies C. Be officially devalued by the government D. Be officially revalued by the government

Description : Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the ... C. Be officially devalued by the government D. Be officially revalued by the government

Last Answer : B. Depreciate in value relative to other currencies

Dollar for dollar which crime is more profitable (money-wise) to do?

Description : Dollar for dollar which crime is more profitable (money-wise) to do?

Last Answer : Booster… they sell that stuff on E-bay as new.

Should the United States return to a Gold Standard monetary system?

Description : Should the United States return to a Gold Standard monetary system?

Last Answer : Only if we want to destroy our economy and perhaps send the world into depression.

Rags to Riches: in the United States, can you work your way up from poverty to extreme wealth?

Description : Rags to Riches: in the United States, can you work your way up from poverty to extreme wealth?

Last Answer : Sure. Why not? Have you watched the news lately? We are too obsessed with who is sleeping with who, fathering who's children out of wedlock. We don't have time for real news. Not ... remove the obstacle, maybe, if this question wasn't so hypothetical and we were actually talking about something.

How much is British pound worth in us dollars?

Description : How much is British pound worth in us dollars?

Last Answer : The answer is £0.73. This is based on the current exchange ratebetween GBP and USD is £1 = 1.37 or $1 = £0.73

Why are rich and powerful men so prone to adultery?

Description : Why are rich and powerful men so prone to adultery?

Last Answer : I believe it is twofold: First, they are constantly chased after by women. Second, they develop a sense of entitlement and “specialness”.

What is a collectible penny to look for? Nickel, dime, quarter, half dollar? The details matter.

Description : What is a collectible penny to look for? Nickel, dime, quarter, half dollar? The details matter.

Last Answer : Can’t really answer that with a lot of detail but one thing for sure not to miss are the silver coins. Old quarters and dimes that are 80% silver are worth considerably more than face value. They’re also easy to spot. I almost guarantee you’ll have a few.

How do you feel about the controversy over a woman's image on the ten dollar bill?

Description : How do you feel about the controversy over a woman's image on the ten dollar bill?

Last Answer : answer:Fighting over which one is just wasting time. As long as it's a $5, $10, or $20 I'm fine with it. Not because of who is on it now, but because those bills are used a lot. Why just ... bet the majority of people don't even know who is on what bill except for maybe Washington on the $1 bill.

What would you do with a $440 million dollar Powerball win, and who would you tell, and who would you avoid knowing you have become ”gripped”?

Description : What would you do with a $440 million dollar Powerball win, and who would you tell, and who would you avoid knowing you have become ”gripped”?

Last Answer : I would build my own science foundation and private tech school like Bill Gates has. I would donate $1,000,000 to Nova science now to make more physics programs from K- 12 - Ph.D. I ... make future inventions happen. naturally I would have steak and potatoes every night and feed my self, better.

What is the fastest way of detecting a fake dollar bill?

Description : What is the fastest way of detecting a fake dollar bill?

Last Answer : give it to a bank teller… :P

If you borrow the very first dollar into existence, but promise to pay it back with another dollars worth of interest, where do you get the second dollar? How do you pay it off?

Description : If you borrow the very first dollar into existence, but promise to pay it back with another dollars worth of interest, where do you get the second dollar? How do you pay it off?

Last Answer : By making more debt from another party. The entirety of today’s economy is based on creating more and more debt. Because of interest, you have to create more debt, there is no way around it, and this cumulative debt grows and grows, until the entire house of cards invariably collapses.

What was on the backside of a dollar bill before 1935?

Description : What was on the backside of a dollar bill before 1935?

Last Answer : answer:This quote from a site that is selling the 1934 $1 Silver Certificates: Information on these Silver Certificate Series 1934 One Dollar Bills: In 1923 all US Currency was changed to its current modern ... THE BEARER ON DEMAND . This change was made to reflect the Silver Purchase Act of 1934.

What happened to the new multi-colored hundred dollar bills we were supposed to get a few years back?

Description : What happened to the new multi-colored hundred dollar bills we were supposed to get a few years back?

Last Answer : answer:I don’t think they ever got congressional approval to make the change to the multi-colored format. I wish they had, it would make counterfeit bills much more difficult to create.

The 50 dollar give-through-give-through (relay?) project. [Details inside].

Description : The 50 dollar give-through-give-through (relay?) project. [Details inside].

Last Answer : Isn’t this the same as barter?

How did the U.S. Dollar Bill receive the name "buck"?

Description : How did the U.S. Dollar Bill receive the name "buck"?

Last Answer : I’m guessing a saying derived from a time/area where buck skins were dealt as a currency.

What is the break down for one federal tax dollar in 2010?

Description : What is the break down for one federal tax dollar in 2010?

Last Answer : answer:You might have to do a little bit of math to break it down to specifically one dollar, but here’s an excellent infographic for the federal budget: http://www.wallstats.com/deathandtaxes/

How did the U.S. Dollar Bill receive the name "buck"?

Description : How did the U.S. Dollar Bill receive the name "buck"?

Last Answer : I’m guessing a saying derived from a time/area where buck skins were dealt as a currency.

Do you think that there is witchcraft and hidden messages written on the one dollar bill?

Description : Do you think that there is witchcraft and hidden messages written on the one dollar bill?

Last Answer : And a recipe for fruit cake…now that is witch craft!

How does Dollar Tree make money?

Description : How does Dollar Tree make money?

Last Answer : By selling cheap crap that costs 20 cents to make for a dollar.

If you started with a dollar how soon do you think you could flip it into six figures?

Description : If you started with a dollar how soon do you think you could flip it into six figures?

Last Answer : I could do it in a day considering I picked the right house. 1.beat up a punk and take their knife 2.go to rich neighborhood 3.break in in the middle of the day 4.knock/bind out wife and ... from work. 5.ask for 100,000 dollars 6.give back family A super simplified version of getting cash quick.

How can I get money to buy a 30,000 dollar home?

Description : How can I get money to buy a 30,000 dollar home?

Last Answer : I could be wrong, but I think that you need to have an income for a home loan. I’ve never bought a home, but with a car, I know the first thing they ask is how much do you make?

How do you make a lip origami from a dollar?

Description : How do you make a lip origami from a dollar?

Last Answer : I just saw this app for 99 cents. They don’t mention lips but there are lots of other shapes.

Where can I find out the age of an old dollar bill?

Description : Where can I find out the age of an old dollar bill?

Last Answer : radiometric dating

Where does it originate and what does the word Dollar mean?

Description : Where does it originate and what does the word Dollar mean?

Last Answer : In 16th c. daler, daller, a. LG. and early mod.Du. daler (mod.Du. daalder), = HG. taler, thaler, recorded by Alberus 1540, along with the full term Joachimstaler, lit. (gulden) of Joachimsthal' ( ... (Kluge). From LG. or HG. taken into other langs. In England before 1600 modified to dollar. (OED)

What percentage does dollar-cost-average make sense?

Description : What percentage does dollar-cost-average make sense?

Last Answer : answer:I would probably wait until a little closer to their quarterly report. Just a thought. Not something I invest in, just not my cup of tea...uhhmm...coffee. (pun intended)

Why do the new 5 dollar bills say 2006 on them?

Description : Why do the new 5 dollar bills say 2006 on them?

Last Answer : answer:AHA!!!! Found the answer!! http://www.moneyfactory.gov/newmoney/main.cfm/media/about This media center has been developed to provide information about the U.S. redesigned ... inquiries about other Bureau of Engraving and Printing products and programs, please visit www.moneyfactory.gov.

When you get a golden dollar coin as change, do you plan on not spending it?

Description : When you get a golden dollar coin as change, do you plan on not spending it?

Last Answer : I take it to the bank, and get a more-spendable dollar bill for it.

In what year did the motto's Novus Ordo Seclorum (New Order of the Age's), Annuit Coeptis (favors undertakings), and E Pluribus Unum (Out of many, one) start appearing on dollar bills?

Description : In what year did the motto's Novus Ordo Seclorum (New Order of the Age's), Annuit Coeptis (favors undertakings), and E Pluribus Unum (Out of many, one) start appearing on dollar bills?

Last Answer : Novus ordo seclorum and annuit coeptis since 1935. E pluribus unum since 1796. Wikipedia knows all.

Pound Sterling is the Currency of____________? a. United Kingdom B. United States C. Germany D. Canada

Description : Pound Sterling is the Currency of____________? a. United Kingdom B. United States C. Germany D. Canada

Last Answer : a. United Kingdom

Most stable currency ? Dollar, Euro, Pound, Dinar?

Description : Most stable currency ? Dollar, Euro, Pound, Dinar?

Last Answer : No answers :). Seems like everyone is busy with Plain-Biden debate…

A 2.5 pound bag of apples cost $2.99. Calculate the unit rate showing pounds of apples per dollar and the unit rate showing dollars per pound of apples?

Description : A 2.5 pound bag of apples cost $2.99. Calculate the unit rate showing pounds of apples per dollar and the unit rate showing dollars per pound of apples?

Last Answer : 2.99/2.5=1.196, so about $1.20 per pound of apples.

A market-determined decrease in the d4ollar price of the pound is associated with: A. Revaluation of the dollar B. Devaluation of the dollar C. Appreciation of the dollar D. Depreciation of the dollar

Description : A market-determined decrease in the d4ollar price of the pound is associated with: A. Revaluation of the dollar B. Devaluation of the dollar C. Appreciation of the dollar D. Depreciation of the dollar

Last Answer : C. Appreciation of the dollar

A market-determined increase in the dollar price of the pound is associated with: A. Revaluation of the dollar B. Devaluation of the dollar C. Appreciation of the dollar D. Depreciation of the dollar

Description : A market-determined increase in the dollar price of the pound is associated with: A. Revaluation of the dollar B. Devaluation of the dollar C. Appreciation of the dollar D. Depreciation of the dollar

Last Answer : C. Appreciation of the dollar

On the US flag, the 50 stars glorifying represent the 50 states of the United States of America, while the 13 stripes on the flag are the emblem of the thirteen British colonies that became the first states in the U.S after declared independence from the Kingdom of Great Britain. True/ False

Description : On the US flag, the 50 stars glorifying represent the 50 states of the United States of America, while the 13 stripes on the flag are the emblem of the thirteen British colonies that became the first states in the U.S after declared independence from the Kingdom of Great Britain. True/ False

Last Answer : 1

The managers of a multinational company are located in France, India, Brazil, and the United States. Which decision-making technique seems most reasonable for this organization? (a) A postal service interaction ; (b) A brainstorming session ; (c) A nominal discussion (d) An electronic meeting

Description : The managers of a multinational company are located in France, India, Brazil, and the United States. Which decision-making technique seems most reasonable for this organization? (a) A postal service interaction ; (b) A brainstorming session ; (c) A nominal discussion (d) An electronic meeting 

Last Answer : (d) An electronic meeting

Do the needs of the many outweigh the needs of the few?

Description : Do the needs of the many outweigh the needs of the few?

Last Answer : Only on paper and in video games. In real life we are all important.

Do Obama ads significantly outweigh Romney ads on all FaceBook accounts?

Description : Do Obama ads significantly outweigh Romney ads on all FaceBook accounts?

Last Answer : Obama has more unencumbered money available. Until the Republican convention is over much of Romney’s funding is restricted. Then Romney can start using the money he raised for the general election freely and the ad time will even out.

Should ethics be overlooked in the field of technological advancements if the benefits outweigh the costs?

Description : Should ethics be overlooked in the field of technological advancements if the benefits outweigh the costs?

Last Answer : Why is it unethical to cause harm to a few so that many more may be kept free from harm? I would think that if the few did not make the sacrifice, then many others would suffer, instead. You may ... agree with you that the few should not suffer for the benefit of the many. Just what are you asking?

Does the cost of laser eye surgery outweigh the costs of dealing with glasses?

Description : Does the cost of laser eye surgery outweigh the costs of dealing with glasses?

Last Answer : Laser eye surgery over time will help reduce the cost of replacing glasses over time. The cost of the surgery though is easily thousands of dollars.

Do the risks of colon cleansing outweigh the benefits?

Description : Do the risks of colon cleansing outweigh the benefits?

Last Answer : Colon cleansing is a great way to promote prostate health. Sadly though if used to often it can result in many people not having enough bacteria in their intestines which is a bad thing.

Does the United States have the most powerful influence in the world?

Description : Does the United States have the most powerful influence in the world?

Last Answer : Without looking this up I would bet it’s in the top 3.

Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation pf its trading partners, the dollar will likely: A. Appreciate against foreign currencies B. Depreciate against foreign currencies C. Be officially revalued by the government D. Be officially devalued by the government

Description : Under managed floating exchange rates, if the rate of inflation in the United States is less than the rate of inflation pf its trading partners, the dollar will likely: A. Appreciate against ... currencies C. Be officially revalued by the government D. Be officially devalued by the government

Last Answer : A. Appreciate against foreign currencies

If things become more automated how do you supply jobs? What are the consequences to the economy and social aspects?

Description : If things become more automated how do you supply jobs? What are the consequences to the economy and social aspects?

Last Answer : answer:This question was really a hot topic when I was young. I'm in my 40's. Robotics were being implemented in many factories. I went to the Kohler factory last year, they make kitchen and bath ... intensive jobs that wear on the body. All that is good to some extent, but also has its downside.