Getting over $1.84 across my Citibank accounts this afternoon.
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Getting over $1.84 across my Citibank accounts this afternoon.
Ilkeston Co-op travel are offering £= $1.78 today
Travelex are offering $1.798 and $ is up again today so it should be over $1.80 tomorrow[msncool]
just checked on the M&S site and it`s 1.807 woo hoo
received this email from our broker
Wednesday 10th May
To raise or not to raise, that is the question.
The USD was weaker again yesterday and this morning as the market awaits the US Federal Reserve decision on interest rates later today. More importantly however will be the rhetoric which comes with the decision.. Although the consensus is for another 25bp rise to 5%, the 16th consecutive, many are predicting the statement follow the meeting will signal the end to the Fed’s tightening cycle.
The GBP has breached 1.8700, a year high against the USD, this morning while the EUR is within touching distance of 1.2800. The JPY has also benefited significantly from the concerns ahead of the Fed meeting hitting a 8-month high against the USD – aided by rumours the Bank of Japan could start raising overnight rates as soon as June – driving 2-year bonds to their highest yield in 7 years.
Also today the US Treasury is set to release a report on currencies which some investors think may name China as a foreign exchange manipulator. Additionally rumours of a US Hedge Fund going under are also circling. The Bank of England Inflation report is released at 10.30 but this is likely to play a minor role as the market awaits the Fed.
On the commodity front gold jumped to yet another 25 year high above USD 702 an ounce on the back of the weaker USD. Gold has now risen by more than 35% this year. Meanwhile Platinum has hit an all time high on the back of the gold rise and demand from Japanese investors.
Meanwhile crude oil remained above USD 70 a barrel with concerns over Iran negated by a rise in US crude stocks.
Wish I had a Crystal ball !!!!!
[msnsmile2][msnsmile2][msnsmile2]
Travelex currently have tourist rate of $1.8071 [clap][clap][clap][clap]
<blockquote id="quote" class="ffs">quote:Originally posted by luckylady
received this email from our broker
Wednesday 10th May
To raise or not to raise, that is the question.
The USD was weaker again yesterday and this morning as the market awaits the US Federal Reserve decision on interest rates later today. More importantly however will be the rhetoric which comes with the decision.. Although the consensus is for another 25bp rise to 5%, the 16th consecutive, many are predicting the statement follow the meeting will signal the end to the Fed’s tightening cycle.
The GBP has breached 1.8700, a year high against the USD, this morning while the EUR is within touching distance of 1.2800. The JPY has also benefited significantly from the concerns ahead of the Fed meeting hitting a 8-month high against the USD – aided by rumours the Bank of Japan could start raising overnight rates as soon as June – driving 2-year bonds to their highest yield in 7 years.
Also today the US Treasury is set to release a report on currencies which some investors think may name China as a foreign exchange manipulator. Additionally rumours of a US Hedge Fund going under are also circling. The Bank of England Inflation report is released at 10.30 but this is likely to play a minor role as the market awaits the Fed.
On the commodity front gold jumped to yet another 25 year high above USD 702 an ounce on the back of the weaker USD. Gold has now risen by more than 35% this year. Meanwhile Platinum has hit an all time high on the back of the gold rise and demand from Japanese investors.
Meanwhile crude oil remained above USD 70 a barrel with concerns over Iran negated by a rise in US crude stocks.
Wish I had a Crystal ball !!!!!
[msnsmile2][msnsmile2][msnsmile2]
[/quote]
I love these brokers that fill their bulletins with historical data and statements of the blindingly obvious without ever giving their own views on where things are going which is actually what you are paying for.
Money for old rope in my view.
<blockquote id="quote" class="ffs">quote:I love these brokers that fill their bulletins with historical data and statements of the blindingly obvious without ever giving their own views on where things are going which is actually what you are paying for.
Money for old rope in my view.[/quote]
I don't think these brokers are sitting on the fence at all.
As I see it they are saying the US$ could weaken even more; on the other hand they believe it could strengthen; however it might remain at its present level.
Whatever happens to the rate you can bet their next bulletin will start " As we predicted in our last bulletin ----"
M+S now at $1.797
Could not get down there yesterday
Ah Well will keep my peepers peeled
The US goverment raised their interest rates yesterday to 5% so it may drop some more this week.
I certainly reckon over $1.90 again, but I am not sure it will get to $2.00
<blockquote id="quote" class="ffs">quote: The US goverment raised their interest rates yesterday to 5% so it may drop some more this week.[/quote]
Not sure what you mean by "drop some more"
If a country raises its interest rates it makes the currency more attractive to investors and the currency usually strengthens.
Thus as the US$ has been dropping in value you would normally expect that trend to be reversed and stabilise - or rise in value a little.
The problem being that the currency market anticipates these actions and have allowed for them.
Obviously if the underlying economy is weak raising interests rates will not have any lasting effect. Raising UK rates to 15+% some while ago did not stop the run on the UK£.
<blockquote id="quote" class="ffs">quote:I certainly reckon over $1.90 again, but I am not sure it will get to $2.00[/quote]
If you had any confidence in that statement you could make yourself Millions.
The best brains in all the world's financial institutions, with access to every scr@p(swear filter avoidance!) of information available and every computer program, calculate it is worth exactly what it is worth today.
Nobody, but nobody, has any clue which way the exchange rate will move from today.
I would have thought that if the interest rates in the US go up then its more than likely the dollar should got stronger.
<blockquote id="quote" class="ffs">quote:[i]Originally posted by Robert5988
Nobody, but nobody, has any clue which way the exchange rate will move from today.
[/quote]
So, so true Robert. However, I confidently predict it will be either higher, lower or at the same level by the end of today.
Travelex are ofering $181.00 to the British Pound online this morning
Order the cash online from M and S. Free next day delivery.
andrew
<blockquote id="quote" class="ffs">quote:Originally posted by Homer
M+S now at $1.797
Could not get down there yesterday
Ah Well will keep my peepers peeled
[/quote]
I have just got back from Thomas Cook and they gave me $1.80 to the pound on both Cash and T/C's. You have to make a purchase of £1000 to get this rate but there was no commisson to pay.
<blockquote id="quote" class="ffs">quote: Order the cash online from M and S. Free next day delivery.
[/quote]
Or 'order' the cash from an ATM using your debit card and get more US$ cash for each UK£.
Thats easier said than done I had to pay a nice fat cheque into my building society last week so I was going to draw that out and pay cash.
Unfortunatley my good lady spent most of the day yesterday converting some of that money into clothes and womens things!!!!
Huurrrummppphhhh
I hope she got a good rate of exchange, at least in her eyes.
Just gotten an email from FX and it is $185.89.Just waiting for it to hit $1.90 then will change some more over.We ask them to notify us when it hits the exchange we want ( $1.90 ) and to hold the dollar amount untill we transfer the sterling into there account.Work`s really well.
Norma.
$1.88440 on xe at moment. Slowly rising. Just checked Markies site and they're still showing $1.79. Does anyone know when this site is updated on a daily basis?
<blockquote id="quote" class="ffs">quote:Originally posted by normajohnp
Just gotten an email from FX and it is $185.89.Just waiting for it to hit $1.90 then will change some more over.We ask them to notify us when it hits the exchange we want ( $1.90 ) and to hold the dollar amount untill we transfer the sterling into there account.Work`s really well.
Norma.
[/quote]
Hi Norma could you please tell me who you use to get this rate.
cheers
Paul
1.798 at my Thomas Cook in Edinburgh today, this is slightly lower than yesterday and now feel the need to buy in case it drops any lower, am I jumping hte gun?
Elaine
Online fx is at 1.82 at the moment
Elaine, its gone up quite a bit today so you will find better rates in the shops tomorrow.
Yes, there was a 2cent rise today.
M+S @1.827 this morning
Think they must set the rate over night
Travelex is also offering 1.827 this morning.
I just exchanged at M & S at $1.828 :)
This morning's high - $1.8999!!
We have just forward bought some dollars for October through our bank (First Direct)at $1.88 (rate was 1.896 on xe.com) - we were going to wait it out to see if the dollar went higher, but decided we were happy with that rate.[msnsmile2]
<blockquote id="quote" class="ffs">quote:Originally posted by ahagan
Travelex is also offering 1.827 this morning.
[/quote]
They are offering $1.833 now.
Sorry for the delay Paul. We use FX Currency Services Ltd. There phone number is 020 78286680. You have to registar with them, but if you are after changing large sums they are very good. What we now also do is get them to send it to us in a bankers draught which costs £4.00. then take it with us and bank it ourselves when we get to florida. Save`s us about $55.00.
Norma.
Just checked with FX and now $1.8804 so getting really close.
Norma.
$1.89 with HIFX at the moment.
Karen
I have done the deal couldn't wait any longer, we fly out on Monday I exchanged at $1.88 with currencies Direct
I am happy with that, when we went to Florida in December I exchanged the same amount of Sterling then as I have Today, only this time I am $322.00 better off
That is a good start up our trip [msnsmile2][msnsmile2][msnsmile2]
Well done Barbara. All good things come to those who wait.
The other side of the coin!
I have some American friends visiting, the rate the post office is giving to buy US$ notes is US$2.03 = £1
As it is I need US$ so I give them the Citibank rate at which I can buy dollars - but it shows what a huge differential there is between buying and selling rates - easy money.
<blockquote id="quote" class="ffs">quote:Originally posted by GrahamC
Well done Barbara. All good things come to those who wait.
[/quote]
I did OK Graham I think it will go higher this coming week
When the exchange rate is good against the Dollar. will give our business a boost.everyone loves a bargain
I remember visiting Florida three years ago when the exchange rate was $1.60 certainly makes a difference
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