I don't think the Pound dollar will go back to 2 to 1 for awhile...

I don't think the Pound dollar will go back to 2 to 1 for awhile ..

Along with the euro dollar, don't think it will... unless Australia becomes sick and our dollar gets its teeth kicked in.... this is quite possible with the housing looking sick... all that wealth that will disappear from the housing... good time to buy usd/aud and hedge your bet.

If aud falls, and you still hold usd, not a bad buy really.

Simply put - transfer of wealth ....