Today the pound fell below 9 Danish crowns, and below $1.50.
The fall against the crown (which follows the euro) has been gradual – when I moved here in 2002, the exchange rate was around DKK 12 to the pound, but it soon fell a bit, and it stayed between 10 and 11 for quite some time. However, since Brown was made Prime Minister, it’s been falling and falling, but this is a new low. I’m sure it hasn’t been that low since the early 1990s.
The fall against the dollar is much more recent – just a few months ago, the pound was worth more than $2.
For some reason, people in the UK don’t seem overly worried. Perhaps they didn’t learn at school like I did that devaluing your currency is like peeing in your trousers on a winter day – it feels good at first but soon makes you feel much colder than before!
The first results will come in shortly after midnight UK time (1am Danish time).
As for which states to watch, FiveThirtyEight has this to say: “Also, there are some states that truly do appear to be “must-wins” for McCain. In each and every one of the 624 victory scenarios that the simulation found for him this afternoon, McCain won Florida, Georgia, Missouri, Indiana and Montana. He also picked up Ohio in 621 out of the 624 simulations, and North Carolina in 622 out of 624. If McCain drops any of those states, it’s pretty much over.”