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Future of British Business

Pound Already Fetches Less Than a Dollar for Some Tourists

Bloomberg business news
Nomura's Rochester Sees Pound Below Parity by Year End

Some tourists are finding the pound already buys less than a dollar, even though the British currency has yet to fall to parity with the greenback in foreign exchange markets.

The ChangeGroup office in Leicester Square, a popular London tourist destination, was selling $100 for £104 at 1 p.m. on Monday, including commissions. A representative for The Change Group International Plc didn’t immediately return a call seeking comment.