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Thread: What's Going on with the Dollar rate???

  1. #851
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    There's been a slow but steady decline in the Pound over the last few weeks and another fall today has brought it below $1.65. Still not bad but $1.70 seems a long way away at the moment.


  2. #852
    Gold 5 Star Member SDJ's Avatar
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    Yes, and I had to send a small amount over and only got $1.62 yesterday so glad it was a small amount!


  3. #853
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    The decline seems to show no signs of reversing just now.

    A few weeks ago you could probably get $1.70 for your Pound. Today you'll do well to get $1.60.


  4. #854
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    It's all down to the polls getting closer for the Scotland referendum. IMHO I wouldn't expect to see Sterling go anywhere but down until the vote on Sept 18. If there is a Yes vote I think we should expect a year or two of volatility while everything is worked out. A No vote will likely strengthen the pound again, IMHO; especially with the BoE starting to make more serious noises about rate rises.
    Steve



  5. #855
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    If the yes vote win, it will be a very bumpy ride for sometime.... This split is not good for the UK as a whole but if the yes brigade do win, they should not be allowed to take the pound or anything else....... for that matter.


  6. #856
    Gold 5 Star Member Andrena's Avatar
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    We can all thank Alex Salmond and his cohorts in the SNP for this, hope the NO vote wins. I am Scottish but also British. This has just caused strife and nastiness in the country.

    Andrena


  7. #857
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    Maybe you'd like to blame George Osborne and his threat against the Scots having a currency union. Then when you've thought it through you might want to keep politics off a commercial forum if you're still looking to rent villas from people in an independent Scotland. Oh - and to clarify. This isn't about Alex Salmond or the SNP. Education is a wonderful thing.
    Helen


  8. #858
    Florida Expert Gerry Reed's Avatar
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    I think any divorce is sad and very rarely do either party end up better off than they were together.

    Sue
    Gerry and Sue




  9. #859
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    I don't wish to get involved in the independence debate here but, if it is the reason, why isn't there a corresponding fall against other currencies? The fall against the Euro is nothing like as great.

    (Not really a question, more me reminding myself that I shouldn't even attempt to understand this stuff!)
    Last edited by Katys Grandad; 09-09-2014 at 07:06.


  10. #860
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    Quote Originally Posted by Katys Grandad View Post
    I don't wish to get involved in the independence debate here but, if it is the reason, why isn't there a corresponding fall against other currencies? The fall against the Euro is nothing like as great.

    (Not really a question, more me reminding myself that I shouldn't even attempt to understand this stuff!)
    Did wonder that myself - see this morning it has already lost ground and is down to $1.609


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