Why is the British pound stronger than the US Dollar?
Answer:
simply cause the pound which was named after the king who was told to go pound it by his wife. no seriously its because the us has loaned out more than we have and we are so far in debt like a over the limit credit card but on a much larger scale and england is no where in debt like us. preety much we are the guy who wants to impress a date and goes broke doing it but if anyone else shows up we pay the tab and kick their butt
then we try to elimanate the crditors
It isn't. Has been losing ground for many years from it's record high. The euro is the currency that should worry you.
They've been around longer and known all over Europe.
Because it weighs a "Pound" Helloooooooooooo!
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Because the ritish government has chosen to fix it that way
If you are asking why 1 pound is > 1 dollar, the answer is because the two currencies have entirely different origins and have never been equal. The Pound was originally defined as one troy pound of silver. Hundreds of years later the dollar was created on another continent and was defined as a certain number of grains of gold. The pound was once worth many times the dollar, but over time as things have evolved the pound has fallen with respect to the dollar.
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