Having just read on BBC that the Pound is now at a record low of less than 1.2 Euro and hovering just above $1.50,will one Pound be worth less than both the US Dollar and the Euro by the end of the year?. With the British manufacturing base having been destroyed by sucessive governments,this will boost inflation,assuming anyone in Britain can still afford to purchase anything. In the last 2 months,Sterling has lost around 20% of it's value against the Greenback. Isn't Labour just great?. Update-Whilst typing this ,Sterling has fallen further.It's now under $1.50.