Currency idiocy

I rather like Dave Hill's stuff. But this video blog at CiF has to be one of the most stupid things I've ever seen: Er, no. We like a strong pound against a weak dollar if we want to import things from the US. And that's it. Anti-American? Makes us feel superior? Only if you're an idiot. The exchange rate is a price. That's all. That's why it's called a rate of exchange.