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"who a year ago would’ve thought that a 100bps rate cut would be greeted with such a resounding “meh”" --comment regarding this morning's 1% cut in interest rates by the Bank of England.

Pound down to $1.4679.

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Date: 2008-12-05 12:42 am (UTC)
From: [identity profile] hammercock.livejournal.com
Pound down to $1.4679.

Whoa. I just went and checked xe.com, too...this would be an awesome time to travel if you could afford airfares and weren't afraid of losing your job. Except for Japan...the yen is like 92. Ouch.

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