The dollar has lost about 28 percent of its value against the euro in the past five years, and on Thursday, it took $1.97 to buy a British pound.
This is a great example of muddled thinking of the kind common among American journalists. What affects the cost of goods imported from the UK is not the US$/Euro rate but the US$/GBP rate which, between the mid-80's and the mid-90's floated around US$1.86/GBP. Anything from the UK which cost US$350 when the exchange rate was US$1.86/GBP should now cost US$371 barring other influences than the exchange rate.

But of course errare humanum est.

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