[buf]

The pound was .87 ten days ago and it's .92 now, up from it's low of .93.

It doesn't appear recovered to me.

[bigfudge]

Plus, the real damage is on value of gilts. Sterling is a secondary concern (although obv also inflationary)

[leg100]

The dollar was 87p ten days ago, it's 92p now.

It get you're quoting USDGBP but what you say doesn't make any sense to anyone not sitting at a forex desk.