[FONT='Verdana','sans-serif']A little bit of history:[/FONT]
[FONT='Verdana','sans-serif']UK for long (even since 19th. Century) strategically focused on GBP strength, to become powerhouse of Financial institutions and trade. What was sacrified due to this, was industries and export. (how often do you see products made in UK in CH for instance !?). Nowadays governments don’t interfere too much with currency rates beside interest rate changes. [/FONT]
[FONT='Verdana','sans-serif']And now with fin. Turmoil, UK suffers almost as much as US. UK housing bubble is also another factor, same as US. [/FONT]
[FONT='Verdana','sans-serif']So perhaps GBP will not recover to full strength in foreseeable future.[/FONT]