I too today looked at Travelex and thought should I, or should I wait a little longer got 2 months left - hope Steve and Dawn are right and it goes back up!!!
I too today looked at Travelex and thought should I, or should I wait a little longer got 2 months left - hope Steve and Dawn are right and it goes back up!!!
The trend for the strengthening of the dollar against sterling is more than likely to continue over the next few months. This is due to the continuing rise of US interest rates set against the fall of UK interest rates. If you are about to spend a lot of money ( if you are buying a villa for example) it may be wise to forward fix an exchange rate asap. When you are dealing with 6 figure purchases every cent becomes a grand! You can get deals that allow you to fwd fix for a window of 3 months or alternatively you can set a date, which will give you a slightly better rate. Or you could just gamble with market forces. The reports in the FT last Feb. that talked of sterling hitting $2+ are unlikely to be fulfilled but who knows what might happen. I get a morning market briefing every day telling me the state of play. If you would like more details,Tybear then PM me.
Jo-Anne
Jo-Anne
I have a small financial deal of my own coming up in the next 2 weeks, suffice to say I need the dollar to strengthen and my share price to rise. That way I will maximise my profits [msnsmile2]
Flash
Sorry to be a spoilsport. But we in the USA are looking for a trend torwards a better dollar. Around 1.30 would be good.
I need a UK fix!
Jeff & Amy Stephens
This has be said many times.
The best financial experts in the City, with access to every bit of data, have absolutely no idea which way the £UK/$US exchange rate will go; if they knew for certain they would make a fortune.
The probability(repeat only probability) of any future trend, is already taken into account in the current exchange rate.
The advice to fix a forward rate for a very large purchase is agreed; but at the end of the day it is still a gamble.
I have just bought at 1.91 (2 weeks ago) so am happy as larry!
But like some above said when we were looking 1 year ago it was at 1.69. It is like trying to guess the lottery numbers i'm afraid.
Dominic & Melanie Graham
we don't have luck with the lottery numbers either.
[laugh]
www.onlinefloridavillas.com/villas/1686.aspx
Warren Buffet,the most famous investor in the States is a "bull on sterling versus the US dollar.This may well continue despite movements in the past few weeks" he comments alluding to the £'s 5% slide in the past few weeks against the dollar.
A combination of this viewpoint and a probable relaxation of the renminbi peg by the Chinese would appear to point to a weaker dollar so I am going to let events run their natural course for as long as I possibly can. .Thanks for everyones' input.[zzz]
Well we shall see what happens. I know it is frustrating when it goes up and down and we don't have any power over it. But just think about all those poor people who transfered a few years ago.
Dominic & Melanie Graham
The last 3 times i have been to Florida the Exchange was :
2002 - $1.30/£1.00
2004 - $1.75/£1.00
2005 - $1.86/£1.00
On all 3 visits i still found Florida to be much cheaper than the UK for Food, Drink, Petrol and Clothes.
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