buying dollars

[jolliffee]

When I lived there in the early 80's it attained parity with the £, I still kick myself for not converting all my $'s. I would have made out like a bandit.

[Robert5988]

<blockquote id="quote" class="ffs">quote: But been told it should pick up mid next week not much though.[/quote]

This site has many such comments!

I don't know who gave you such a gem of information but they very clearly do not know what they are talking about.

There are some of the finest brains in the worlds financial centres, with access to masses of information who 'gamble' millions on tiny fluctuations in exchange rates. The bigger players even try to manipulate the rates.

The simple answer is nobody knows which way rates will go. If they did they would make Bill Gates seem like a pauper.

[aster]

As an ex money broker and now long term Independent Financial Adviser I have to agree with Robert. No-one knows for sure, things can change at the drop of a hat on the back of one disaster, any increased terrorist activity, bad (or good) set of economic figures or indeed one word from Alan Greenspan.

In my personal view. With UK debt at record levels and house prices still on the up, the chances are there will be another hike in UK interest rates. This, on the face of it, will further strengthen sterling which should result in a better rate. The chances of a US hike in an election year is unlikely (although if Greenspan wants, Greenspan gets) so personally I would hold out at least until the BOE increase rates over here - if they do. We are not out again until November and I will leave buying any $ until closer to the date of travel.

[Nostromo]

I am no financial expert, but my view is that getting too worried about exchange rates is like buying a car with only the resale value in mind. To me enjoying my trip to Orlando the way I want it is far more important than losing sleep over what the exchange rates might do tomorrow. I agree that one would be sensible about buying dollars for the trip at a time when the exchange is favourable, but it may or may not be so at the time when one plans to travel. It is just luck of the draw - like most things in life.

[KevinT]

I 've been thinking about changing my sterling into hen's teeth and rocking horse c~*p as my friends keep saying that both are becoming very scarce. I wonder what rate I'd get from M&S?