How low can the Pound fall against the Dollar and the Euro?

Yesterday the £ fell to below $1.50 and €1.20, how low can it fall?

Was I right last week when I wondered if the £ Sterling would reach parity with the Euro by Xmas and parity with the $US by the spring?

Well done Gordon Brown your destruction of the UK economy is on-track.



Update:
13:45 and the £'s fall continues, almost at $1.48 at the start of the day it is now back at the giddy heights of $1.4840. It will fall further, but Gordon Brown will still blame the UK's economic woes on America, against whose currency the £ is falling...

Update:
18:15 and the £'s fall continues, now at almost $1.4650. It will fall further, but Gordon Brown will still blame the UK's economic woes on America, against whose currency the £ is falling...