Justcol

Things are looking good for those coming over soon who are able to change some money.
A 10c rise in 10 days. Didnt think we'd see $2.00+ again for a long time.
It looks like Boris's deal will get the boot on Saturday which could trigger a fall....who knows ??

BEVS

I know Col. I have been watching a little bit.
I think we may move some GBP over. It isn't much . It is really emergency fund money from when both our parents were still with us and the like.
It might now be better here and perhaps earning in a credit union or summat.

Pigdog

LittleGreyCat

Is this the NZD weakening?
UKP doesn't seem strong against USD and Euro.

Justcol

At the same time, the £ gained 5 cents on the USD and Euro almost overnight.

mikelincs

That's almost certainly due to the current failure of Johnson to get Brexit done, it may/will change in a few months.

Justcol

No, it was BECAUSE the UK and EU agreed on a deal. The pound strengthened almost immediately when the news broke

mikelincs

I supect that unless he DOES get the deal through Parliament it may well fall again until something is sorted out, either he removes the 'No Deal' off the table or a General Election is called. Even then it will continue to be volatile until there is a government with a majority.

LittleGreyCat

Just remembered to check.
If you look at USD vs NZD over the last 2 years you can see that the NZD has been very slowly falling.
I assume due to a less positive economic outlook and talk about reducing interest rates (which tends to depress the currency).
So I think that the UKP gaining a little may not be the main factor.
Looking at USD UKP over last 2 years the UKP has also been falling against the USD with a recent uptick.

escapingtheodore

Justcol

If we could answer that we'd all be getting ready to be millionaires