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Sterling broke through resistance close to 1.9550 against the dollar and strengthened to highs of 1.9690 in US trading, a fresh 14-year peak for the UK currency. Sterling continued to gain ground on Friday with a move to near 1.9750 before a retreat to 1.9670. Following the convincing break of 1.9550, markets will be looking to target the 2.00 level by Monday /Tuesday although the main feature is likely to be a sustained increase in volatility
The long range forcast is even better but its all a gamble ,but still great fun
Let see what happens this week [msnwink]
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At the minute on XE the mid price is 1.97738 [msnsmile2][msnsmile2]
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just spoke to M&S in newcastle upon tyne and they have no dollars till wed it will be my luck for them to drop by then pat
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<blockquote id="quote" class="ffs">quote:Originally posted by blott
Since she was only changing £300, it's hardly a disaster rate for her CDV and is nearly 30 cents more than she got in April 2006.
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Every cent counts;) 1.87 just seems low to everywhere else in the current climate, still someone has to make a profit out of it all I guess[msneek]
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just been online to m&s and one question was what is the date of your holiday
by any chance if holiday in january and you order now could you receive in january with todays rates
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What if it is higher by then though Tezz:D:D
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<blockquote id="quote" class="ffs">quote:Originally posted by Pat M
just spoke to M&S in newcastle upon tyne and they have no dollars till wed it will be my luck for them to drop by then pat
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<blockquote id="quote" class="ffs">quote:Originally posted by tezz7628
just been online to m&s and one question was what is the date of your holiday
by any chance if holiday in january and you order now could you receive in january with todays rates
[/quote]
<blockquote id="quote" class="ffs">quote:Originally posted by Cruella DeVilla
What if it is higher by then though Tezz:D:D
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not neccessarily in jan but was thinking it would cover the above situation
so why the question of when your holiday is?
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I think its if you are due to go within a day or two of ordering.
We always put an earlier day to our actual date. Just to be on the safe side[msnwink]
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<blockquote id="quote" class="ffs">quote:Originally posted by Pat M
just spoke to M&S in newcastle upon tyne and they have no dollars till wed it will be my luck for them to drop by then pat
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Hmm, curious...my Mum tried to get some in Bristol M&S today and was told the same thing...
I told her she should have just got travellers cheques instead but she gave me the money and I ordered from my bank at the same rate.
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<blockquote id="quote" class="ffs">quote:Originally posted by tezz7628
just been online to m&s and one question was what is the date of your holiday
by any chance if holiday in january and you order now could you receive in january with todays rates
[/quote]
Hi Tezz
You can do that using currency derivatives such as options. For small amounts options aren't really an option.(pun intended).
I use spread bets to hedge rates - sometimes it works but sometimes it doesn't. To be honest, it all a bit of a gamble but just holding on for a higher rates all the time has never worked for me in many years of hobby currency trading.
