Search for gbp vs usd 5 year
USD hits 14 years low vs GBP
Friday, December 1st, 2006Based on Reuters (Dec 1 2006) - The dollar hit a 14-year low against sterling and a 20-month trough versus the euro on Friday after weak U.S. data reinforced expectations the Federal Reserve might cut interest rates next year.
Chart graph for GBP/USD since 1992 to 2006
On GBP/USD chart could be try rollback the history in 1992, break postion over 2.000. The dollar fell as low as $1.9748 per pound (GBP), hitting its lowest for a second day since Sept. 1992 — just before the UK abandoned the European Exchange Rate Mechanism, the precursor to the euro. Investors are looking for sterling to rally to the elusive $2 level, last reached also in Sept. 1992.
