There used to be many such situation in the past but reaches never 1 pound exchange for 1 USD and plus with UK Brexit and all time all inflation since WWII. Not to mention the omen of death of Queens Elizabeth II which signal the end of UK. UK economy is at its brink.1 UK pound used to buy 5 USD before WWll. It lost the value because of the war and also because it also lost its colonies.
Now, it is 1 pound is almost 1 USD. I believe the situation will change for better when the US bank interest rate falls down.
Pound and other hot currencies are now going out to the US banks because of high interest rates there. It is making the dollar strong and expensive.
People should not think London Bridge will just shortly fall down and the UK economy will collapse.
UK has it oil and gas? How gas and oil UK export, care to tell me? What weeds r u smoking? With collapse of Pound which idiot country still try to used Pound for international transaction? LOL..Dumbest comment ever... UK has its own oil and Gas. Yuan is not a hard currency, it fine to be a chinese nationalist but you make yourself in to a laughing stock with silly comments like this.
GBP remains a global reserve currency alongside USD and Euro. UK is going through a bit a tough time but it is rich enough to weather the storm.
Are you a graduate of whatsapp university?
What mythical currency is this...name one.
They are now dumping as much pound as possible.