Friday, November 26, 2004

The latest iteration of the dollar's tumble has unusually vented pressure upon the USD towards the pound. From the Friday, November 19 close to 1:15pm EST today, the yen is +0.2% against the dollar; the euro is +1.8%; and the pound is +1.9%.

General Glut is going to be in the UK for four months next year along with Mrs. Glut and all the little PFCs. I'm sure glad I got most of my dollars into pounds a few weeks ago.

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