<blockquote id="quote" class="ffs">quote:Originally posted by Katys Grandad
<blockquote id="quote" class="ffs">quote:Originally posted by Robert5988
Report due tomorrow that forecasts $1.40.

http://news.bbc.co.uk/1/hi/business/8301418.stm
The Centre for Economics and Business Research (CEBR) believes the rate will remain at its current 0.5% level until 2011 and not reach 2% until 2014.

The report, due on Monday, will predict the pound will weaken further, falling to $1.40 and "possibly" below 1 euro.
Hopefully not going to those levels again for while but the rise we've seen over the past few months seems to have run out of steam at the moment and the gains are being eroded almost daily.

I'm more confident than ever that the predictions for $1.80/$1.90 by the end of this year are miles off the mark.[msnsad][/quote]Looks like you're right. Bsically all the fx traders were telling me the dollar was going to drop significantly in value, which it has... against the euro! It's just that the pound has gone and done the same!