The last 10 days or so in particular has witnessed quite a significant strenghtening of the $ against the £ and whist i appreciate this is a very imprecise science ,for anyone who has a better grasp and insight into Economics than myself, what would be the likely effect of the revaluation of Chinese currency against the dollar with regard to the exchange rate of £ to dollar.

I suspect that there may well be a few of us in the situation of having to make some form of hefty payment in dollars shortly without having forward bought due to the recent 'consensus' that the uk pound would hit 2 dollars and beyond.

Views of likely near term movement very much appreciated [confused]