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Why does the British Pound outweigh the US Dollar in value when it seems that the economy of the United States is far more powerful?

Asked by pleiades (6617points) December 19th, 2013

Ok, I’m obviously really naive about this all. But how is it that the USD is about .569 per 1 British Pound?

Doesn’t the stronger economy outweigh the weaker one?

Please enlighten me! I love products from U.K. but I’m getting tired of the high prices.

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