deborahjane

If you are on your way back to the UK now is the time to buy your pounds.

At it's best since September now $2.24 to the pound.

Nu-Shooz

Great, but i don't exchange on the house til 9th Jan so i'm skint til then

Hope it drops more lol.

deborahjane

You can do a forward contract like we have done many times with Moneycorp in London.

We did it when we were selling our house and they had the money when the house was sold.

Buying some pounds tonight and will settle next week when it's get's from our bank to them.

deborahjane

Rate is predicted to fall even more shortly. Just had a call from London.

Fleaflyfloflum

It has gone much lower that that this year Deborah. When i went back in June i think it was around 2.15. Something ridiculous like that anyway.

I'm in the same boat as Nu Shooz. Cant exchange anything for at least a couple of weeks, so crossing fingers it keeps diving.

Fleaflyfloflum

OH just looked up this years rates. On 6th june 2008 it actually went right down to 2.04!! Lower than i thought

Hang on girls we might even get below 2.00

quoll

Wow, that's good! I got 2.06 in July when I was over and was kicking myself for missing the 2.04. Mind you the premium bonds have now reduced their prizes - still, it will be there waiting for me in March unless the dollar strengthens and I send some more over. It was 2.34 when I last looked.

Globalcommunismiscoming

The exchange rate is absolutely terrible. The British public are being utterly robbed by their stinking thieving politicians. Look at the pound relative to the euro and dollar over the past 4 months. The pound within the next 12 months will cease to exist and the UK will be using the euro.

deborahjane

We have just bought some at 2.26 from Moneycorp in the UK so fairly pleased with that.

dunroving

If you keep repeating the same mantra every 6 months or so, eventually you might be correct.

http://britishexpats.com/forum/showt...17#post6525717

Giantaxe

According to the OECD, the exchange rate is now pretty much at its purchasing power parity against other major currencies. Not sure why this would be deemed "absolutely terrible".

Fleaflyfloflum

He is living in his own bubble, dont waste your time

Globalcommunismiscoming

Yeah I guess I was completely incorrect. Even a child could look at a graph of euro-sterling rates over the past 6 months and predict 1 to 1 convergence. Pathetic fools.

Jay Bird

Am I the only one who........oh crap, I can't be bothered

dunroving

No, don't. His PM's are equally inane ...