The U.S. Dollar has taken another hit, as the British Pound jumps up after the recent elections held in the United Kingdom.
On Monday morning, it was taking $1.4140 to purchase one pound. One week ago, the
U.S. Dollar Continues To Fall In Value
Summary
- The recent news out of the U.K. seems to have resulted in a further decline in the value of the U.S. dollar, a decline now in its 14th month.
- The fall in the dollar's value seems to be pretty much "across-the-board" and will apparently continue at least throughout this year.
- Investors seem to be very wary of the economic policies coming out of Washington, D.C. these days, as the Biden administration, supported by the Fed, might be too aggressive.
- Forecasts for the future have the value of the U.S. dollar declining even more.
John M. Mason writes on current monetary and financial events. He is the founder and CEO of New Finance, LLC. Dr. Mason has been President and CEO of two publicly traded financial institutions and the executive vice president and CFO of a third. He has also served as a special assistant to the secretary of the Department of Housing and Urban Development in Washington, D. C. and as a senior economist within the Federal Reserve System. He formerly was on the faculty of the Finance Department, Wharton School, the University of Pennsylvania and was a professor at Penn State University and taught in both the Management Division and the Engineering Division. Dr. Mason has served on the boards of venture capital funds and other private equity funds. He has worked with young entrepreneurs, especially within the urban environment, starting or running companies primarily connected with Information Technology.
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