Featured Publications
Afghanistan Report: A Ten-Year Framework for the Future
Beyond Closing Guantanamo: Rebuilding a Transatlantic Partnership in International Law
Pakistan Report: Comprehensive U.S. Policy Needed
Council Highlights
Tensions Rise Between United States, Pakistan: Shuja Nawaz on NPR
Shuja Nawaz, director of the Atlantic Council's South Asia Center, spoke on NPR's Morning Edition . He shared his thoughts on the newly introduced House bill calling for $10 billion in "military aid and development assistance" to Pakistan over the next five years.
Somali Piracy and Terrorism
Atlantic Council senior advisor Harlan Ullman published "To the Shores of Tripoli" in UPI's Outside View, where he discusses the dangers of the ongoing piracy problem off the coast of Somalia.
NATO Modernization: A New Strategic Vision
Rafael L. Bardají, a Strategic Advisor to the Atlantic Council, and Manuel Coma published a study on NATO modernization for the Strategic Studies Group in Madrid. The report, entitled NATO 3.0: Ready for a New World, addresses the formation of a new strategic vision for the alliance.
FEATURED ISSUE
Achieving Peace and Security in Korea and Northeast Asia: A New U.S. Diplomatic Strategy toward North Korea
The Atlantic Council is pleased to release its Final Report of its three-year project on U.S. policy toward North Korea. This report makes clear that unless President Obama adopts a new strategy of seeking a comprehensive settlement in Korea, the U.S. is unlikely to eliminate North Korea’s nuclear program.
DONATE REGISTER
GBP Hits New Low Against the Euro
Neil Richard Leslie | December 10, 2008The British sterling has fallen to a new record low against the euro. BBC:
The pound stood at $1.4807 and at 1.1450 euros in London late morning trading.
[...]
At one point, sterling declined to under 1.14 euros. It also touched a new low against a basket of currencies. Interest rates have been cut both in the UK and in the eurozone, but they remain higher in the 15-member euro currency area. The pound was also hit by new data suggesting the UK economy had shrunk by 1% in the three months to November.
[...]
Lower interest rates make it less attractive for foreigners to hold pounds. A weaker pound is better for the UK exporters but is bad news for British holidaymakers who plan to go abroad during the Christmas season, and also makes imported goods more expensive.
Comments
I think the GBP will still remain strong for the rest of the year as compared to the US Dollar. Niche markets will continue to flourish despite the economic slump. People will always find ways to spend their money wisely these days. But I have to agree on the importations getting more expensive. That's something people will try to stay away from.
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