Re: Money transfer:
 

Thanks. Did you find their rates better than WorldFirst?

Also, can I ask why you transferred such a big amount while GBP is so low? I understand there could be personal reasons or may be that you needed cash urgently. But some banks are forecasting that the GBP may rise again if Cons win majority in which case one would get more bang for their buck.

Re: Money transfer:
 

No one knows where the rates are going to go, if they did, they wouldn't talk about it. There is 'conventional wisdom' but that is the problem, it is conventional! Of course the Tories are going to get a huge majority, but then of course Hilary Clinton was going to win big and of course the UK would vote to stay in the EU.

I suspect that a lot of the conservative win has already been 'priced in' given that the rate has jumped 10c since the announcement of the election.

But yes, personal reasons and looking to gain an element of 'pound cost averaging'. More to exchange yet and it pretty much must be done before end of July.

Re: Money transfer:
 

No, just a few hundred a a time.

That was my immediate thought but they have sped up over the last few months and it seems to be two days now regardless of when instigated.

So this time Thursday night's one arrived Saturday and a previous one was done Sunday arriving Tuesday.

Having said that, I suppose that in their eyes the Thursday night and Sunday afternoon ones could effectively have been Friday and Monday in which case they both took less than 24 hours which is remarkable.

Re: Money transfer:
 

There's going to be some major bombshell for there to be a surprise. Or some outside influence to hack and change the results :rofl:

Re: Money transfer:
 

GBP is at its highest point since the vote, almost all of which gains are since Mayhem called the election. Since nobody knows what's going to happen in the future, and it's well above both recent floor, and previous long-terms (2010-2013 was spent entirely below 1.6), this is a pretty good time to be changing. I've converted about half my assets in the last month.

I suspect any 'Con gains' gains are already priced into the substantial increase that's taken place in recent weeks; either which way, a big majority could lead to rises for the pound (strength! stability!), or a total collapse (I have mandate to lock the national doors! Drawbridge up!). If anybody knew which would happen, they would get extremely rich off it. All those of us without future-sight, and with assets to convert can do is take advantage of rates being 10c better than they have been for the last year.

Re: Money transfer:
 

Precisely!:goodpost:

Re: Money transfer:
 

You can probably guarantee that the day after you transfer a large amount the pound will rise, even if it is just a little bit and for a short space of time. Still irritating though!!

I am in the same boat, will need to transfer money before end of June. I am watching the rate as I am waiting on the money to get into my UK account, hoping it stays good for another week or so. But I have no choice as to when the money is available or the final date I need it in my USA account. So if it jumps after that, well it's just tough!!

Re: Money transfer:
 

UK's industrial production data came out today weaker than expected which gave the GBP a beating against its rivals.