Exchange rate prediction
 

Anyone heard any predictions of how the £ and $ are going to do over the coming months ?
Can't seem to find anything on the usual sites.

JET:)

Re: Exchange rate prediction
 

Either up or down would be my guess....

There is a very long running exchange rate thread where there may be other more educated opinions... It rather quaintly starts "Damn, its down to $2.25 now"...that gives an idea how long its been running, over 2500 posts.

http://britishexpats.com/forum/showthread.php?t=442788

Re: Exchange rate prediction
 

I know this is against the rules but I can't let that stand ;)

Re: Exchange rate prediction
 

It'll get to $1.25 by the end of the year. Put your house on it.

Re: Exchange rate prediction
 

Perhaps I should edit the original in order to more accurately reflect the truth and protect you from yourself:lol:.

I noted with interest the hopelessly inaccurate opinion of a poster by the handle "notiaink...honest" in saying that a 2.07 is was bound to go up again sooner or later. What a load of ignorant tosh, whoever that poster is should be ashamed of themselves.:D

Re: Exchange rate prediction
 

Some distant relation wasn't he? :rolleyes:

Re: Exchange rate prediction
 

I dont know, I was on a self imposed sabatical from this madness at the time;). Now 20k posts is looming ever nearer:eek:
Someone should check, after all its against the rules to have duplicate IDs...

Re: Exchange rate prediction
 

But I understood that it was OK if it is two different people using the same computer, which this is clearly the case.

Now all you have to do is find him. :p

Re: Exchange rate prediction
 

I suggest that you PM the highly esteemed initiator of this thread http://britishexpats.com/forum/showt...t=ontheboatout

Disclaimer: I profusely apologise for any frivolity in this post, perceived or otherwise.

Re: Exchange rate prediction
 

August 27 2010 Below $1.35

Re: Exchange rate prediction
 

It'll get to 2.20 by the end of the year. Put your house on it.

Re: Exchange rate prediction
 

Am planning on putting my house on it:thumbup:

Re: Exchange rate prediction
 

Purchasing power parity suggests that GBP is currently undervalued vs. CAD. Unless there is a sustained bout of high inflation in GBP that suggests that, at some point, the value of the pound will rise again. I wouldn't care to speculate when that would be or whether it fall before it goes up again but, if you have no short term (1-3 year) need to transfer money, it most likely makes sense to wait and see. That's what I plan to do btw, so I am putting my money where my mouth is.

Re: Exchange rate prediction
 

Ditto....:cool:

Re: Exchange rate prediction
 

Funny you should put it that way because thats kinda how it feels