Why the sudden demand for British pounds?
by Penny on September 9, 2008
Lately there has been a surge of demand for the British sterling pounds. Just go around to money changers and banks and you will find that you are unable to get much of the currency. Apparently this has been going on in the last couple of weeks.
It can’t be that there’re lots of holiday-makers heading that way, neither would a large student intake on the UK’s side cause such a big demand for the currency. So is it investment related?
Does anyone know what’s going on with the Pounds?
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A little bit about Penny, author of this blog
I want to learn the art of creating, managing and preserving wealth. It's not as easy as ABC but I believe it can be done well with lots of determination, discipline and perseverance. To date I've written 211 posts relating to money matters on this site.
I own a blogshop, Penny's Online Shop, offering trendy ladies apparels at very reasonable prices. I also write a shopping blog, a mummy blog as well as a contributor to a health & wellness blog.
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{ 2 comments… read them below or add one }
I believe it is because the pound has come down to an almost 5 year low!
Well it’s still not that cheap with it lingering at 6++ but yeah it could well be the reason.