On Sat, 22 May 2004 12:15:21 -0000, Dylan Smith
wrote:

For the last few years, the norm was GBP1 = $1.50)

When the euro was launched, the pound was $1.60, so the change isn't
really that much. While the drop against the euro under 2 percent, the
drop against the pound is 12.5 percent.

The seemingly big drop in the value of a dollar against the euro is
mostly the result of looking at it against a very strong dollar in
2001. The GBP has strengthened generally, against the euro as well as
the dollar.

I think we will see parity of the dollar vs the euro sooner than we'll
see $30/bbl oil.



all the best -- Dan Ford
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