1.05 Pound.
http://online.wsj.com/article/SB1000...cies-LeadStory
And in reality I think they both nuts and Dollar should collapse first in any
events of Japan/China cutting on buying more US debt. No buyers for US
Debt will soon turn into nightmare, which will make Greece look like finance
paradise compare to US.
In reality ALL G7 Currencies are f* up big time, EUR, USD, JPY, GBP
"Euro, rocked by the debt problems of Greece and other fiscally struggling euro-zone members,
is in nearly as dire straits as the Pound. Though the dollar has been on a winning streak since
late last year, the U.S. budget outlook is just as troubling."
Those 4: none of them any better, I'd say JPY and USD actually look worse.
That's why GOLD will make new high soon and those paper giants will burn
in flames, one after another.
China May Buy More Gold; $1,100 An Ounce Appears To Be Support Level
http://blogs.forbes.com/streettalk/2...support-level/
"China, with $2.2 trillion in foreign exchange reserves, the most of any nation, is known to be anxious about the value of its dollar-denominated securities, such as Treasury notes and bonds. In recent weeks, China has sold US securities, making Japan the largest sovereign lender to the U.S."
"
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)