Re: Exchange rate
 

Hi
Spoke to a guy the other day he got about $5 for £1 ,
but it was around about the 1960's....

Maybe the if the canadian budget is bad the dollar will go down.
Cheers
jerry

Re: Exchange rate
 

Unfortunatly most of the budget numbers have been factored in as there where leaked a few days ago however if the US GDP is down more than expected we could so a bit of a recovery? I am personaly pinning my hopes on the trading partners placing a bit of weight on the UK to support the GBP because at the moment I am under no doubt that the UK are deliberatly talking the pound down to take benifit on exports.

Re: Exchange rate
 

after my house being on the market for over a year we sell and now i have left my money with my solicitor cos the exchange rate is so bad right now..but she will only hold it for a couple of months..so keeping everything crossed..im not worried about get $2 to the pound..1.8 something would be really good (dont want to be greedy)..but $2 would be an absolute bonus..but 1.69 it can stay in the UK for now:curse:

Re: Exchange rate
 

I think it is better in an interest paying account, even at 1 or 2%?

And yes, we all hope it will improve, our completion date isnt till April, i guess we're all watching with bated breath.

Re: Exchange rate
 

dropped from $1.71 to $1.68 in the last ten minutes ekkk:eek:

Re: Exchange rate
 

Yeah - I expect GB to under pressure to do something about this. Not sure what he can do tho given the current talk of 'quantitative easing' (aka printing) which isn't exactly confidence inspiring even if they have no intention of doing it in reality.

Re: Exchange rate
 

Yeah don't know if you seen this article today http://www.xe.com/news/2009/01/25/19...&currentPage=1 seems that they are going to be looking at helping companies in the UK that base most of there business on exports

"However, early editions of Monday's Guardian said short-term help is likely for the stricken car industry, while Darling is prepared to use his second budget to improve infrastructure and boost sectors such as environmental technology, pharmaceuticals, and the creative industries."

Surprise surprise darling hammers the £ then pushes money onto industry that can take advantage of it. The guy is all about the short game he sickens me.

Re: Exchange rate
 

Me too - and uk tax payers will be paying for this for generations.

Re: Exchange rate
 

OK, but does this mean we will see the stirling rate improve in short and medium terms? I'm taking my kids out, so the legacy wont be theirs.

So all the talk of all countries pulling together is crap?

Re: Exchange rate
 

Countries are pulling together in terms of banking but not currency they all agree they need to prop there banks but no-1 said anything about currency rates well that was until France said something about currency rates ;) we need someone else other than france to say that the UK needs to get a grip and then we may see some action.

Re: Exchange rate
 

I changed some GBP to $$$ here yesterday & got $1.67 :eek:

Re: Exchange rate
 

1.785 on XE.com best it s been for a while!

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the dollar is back up to $1.79 on the pound! WOOT!

the rollercoaster continues!

Re: Exchange rate
 

Yep, wonder if this has anything to do with Soros saying that GBP has bottomed out.

http://www.fxstreet.com/technical/ma...009-01-29.html

Re: Exchange rate
 

thanks for the link.... that might have something to do with it.... i dunno.... what the hell does it all mean exactly???:confused:

i am affraid my economic acumen is limited to

graphs goes up :)

graphs go down :(