Its good for us to visit you, spending money left, right, and centre all day in Manhattan, but there is a flip side.
Britain’s strong economy is only propped up by massive borrowing and bloated property prices. If interest rates go up by another 1% in the next 18 months, this charade will come crashing down. It happened in the late 1970s. Then you folk will be over here spending your 1 dollar pounds !
Part of that 70's thing was the temporary strength of the dollar before we inflated the heck out of it. I remember getting about 3 or 4 swiss francs for a buck. If I could get pounds for $1.50 I'd be a buyer.
The world is so much more inter-dependent financially. Almost 100 years ago, on the eve of World War I, thousands of tourists were stranded in London and elsewhere, as their checks were no longer accepted, to be drawn on American banks, I suppose. Today one can use their own ATM card in astonishingly remote areas of the globe.