Please look at this chart... why has the U.S. dollar strengthened so quickly in one month against the Pound?

Question

http://finance.yahoo.com/currency/convert?amt=1&from=GBP&to=USD&submit=Convert

just curious

Answer 1

Bank of england announced the second quarter was declinning out put, putting GB inti likely recession, and the bank said recession is not a bigger concern than inflation, and interest rates are likely to remain unchanged.

Answer 2

The worm turned against all the major currencies:

http://www.marketwatch.com/news/story/fo...