Exchange Rate

Thursday 13th November 2008 - Sterling falling to new lows against the Dollar and Euro. Maybe the markets will force even lower so that the Bank of England's MPC will then have to reconsider the madness of reducing Interest Rates towards zero. Certainly going to make Oil more expensive in the UK than other countries. Add to that the excessive Tax the Government rakes off and UK companies are at a major disadvantage as far a fuel is concerned to rivals in other parts of the World.