I was shocked today when I discovered how bad the US to UK exchange rate has become. My bank (Barclays) used a rate of 1.7726 for the cheques I paid in a few days ago!
I'm wondering about holding some of the bigger Christmas cheques until things improve.
Does anyone know what's causing the changes and what's likely to happen in the future? I don't have a clue where to look for info on this sort of thing. All I managed to find was the scary graph at exchangerate.com