given that the dollar is at al all-time low against the pound and
getting weaker by the day, Britain must be doing something better than
the States.

An all-time low? When I was a student at Manchester, the exchange rate
was $2.40. Not too many years earlier it was $5.00.

Exchange rates have little to do with what one country is doing better
than another. Else why does China peg the yuan to the dollar?

The dollar goes up, the dollar goes down. The pound has actually
strengthened against the euro, while the euro has strengthened less
dramatically against the dollar. It was issued a few years ago at an
exchange rate of $1.18. Now it is $1.20. Big deal, except to European
auto manufacturers who want to sell their cars in the U.S. (Britain of
course has none on offer.)

all the best -- Dan Ford
email: (put Cubdriver in subject line)

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