Wednesday, April 18, 2007

Two dollars to the pound...

Reaching a twenty six year high the pound broke the two dollar exchange rate barrier today. Which possibly means that it's actually cheaper for me to get to New York than it is to get to London, and it'd certainly be cheaper to eat out once I arrived. Time to draw up a big shopping list for my next trip Stateside...

Update: Of course if you live State-side you might not be as happy about things, well, unless you're trying to sell your product in the UK. I'm sure if I'd done a lot more economics that I have done, the idea of using a fluctuating exchange rate to try and figure out what the demand curve looks like for your product wouldn't be such a novel idea. But as it is, I thought Joel Spolsky's derivation of his demand curve was a pretty cute trick...