Pound's swift drop gives Americans an edge, for the moment
January 06, 2009 at 17:30 PM EST
The British poundâs swift drop against the U.S. dollar has slashed prices on tourist favorites, such as hotels and pints. But such discounts may not last. Some foreign-currency strategists are now predicting sterling could rebound after its 27% drop against the dollar last year -- its steepest fall in at least 50 years.