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The Great Britain Pound used to be one of the renowned "expensive" currency in the world. As recent as Jul 2008, it was trading at 1 GBP = 2 USD. It took a tumble during the financial crisis later in the year to a 1 GBP = 1.45 USD before recovering part of it to current levels of 1 GBP = 1.67 USD. Still one of the more "expensive" currency around though. At current levels, UK products are considered attractive. This is especially so for products coming from retail outlets with a global presence (Marks and Spencers for example). For students who are considering studying in United States, UK universities is an attractive alternative, due to the depreciation of the Sterling Pounds against the US Dollar. Tourists however, will be inclined to visit UK at this opportunity where the still attractive Sterling Pound will burn a lesser hole in the pockets. But if they want to get the most out of their money, they have travel fast, as the Sterling Pounds will not stay this low soon. As the US Dollar is still the current undisputed leader in currency stability, global investors are looking more to US properties due to the low valuations (property prices tumbled during the financial crisis) and stable currency. There is also the belief that US financial industries (insurance, properties and investment companies) will be "hardened" and therefore come out more reliable. So it looks like the Greenback, as the US Dollar is dearly known, has emerged stronger from the financial crisis and is here to stay.
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