Sunday, November 16, 2008
Warning to SBL Visitors from the UK: your pound is weaker
In recent years, UK travellers in the US have had a good time of it. The pound has been strong, and the considerable expense of attending the SBL has been reduced by the fact that buying books and eating out have seemed relatively cheap. This time last year, the pound was at historic highs against the dollar (£1 = $2.08 at the beginning of November 2007). Now it is at a six-year low, currently $1.469. The calculations for Brits abroad will be a little different this time round -- no more simple halving of the price to get the pound equivalent. Meanwhile, for those of us now drawing a salary in dollars, trips to the UK start getting much cheaper, and this Christmas we might be able to afford a couple of extra glasses of sherry.