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The future of exchange rate from pounds sterling to US $...any opinions?
This hasn't been something I have looked into until recently. My limited finding show little change for the future 12 months. If any one has more insight into this, I would love to hear from you. Thanks.
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Re: The future of exchange rate from pounds sterling to US $...any opinions?
I think we're in for an "interesting" 6 months due to Brexit.
If the UK looks like Remaining or taking a very Soft Brexit then I'd think the £ is going to rise . But if a Hard Brexit looks likely then I wouldn't be surprised for it to hit $1.2 or even lower |
Re: The future of exchange rate from pounds sterling to US $...any opinions?
It will go up
It will go down It will stay the same. It could possible do this on any given day, will likely do so in any given week, and definitely do so in any given month. |
Re: The future of exchange rate from pounds sterling to US $...any opinions?
Originally Posted by dave2702
(Post 12571152)
I think we're in for an "interesting" 6 months due to Brexit.
If the UK looks like Remaining or taking a very Soft Brexit then I'd think the £ is going to rise . But if a Hard Brexit looks likely then I wouldn't be surprised for it to hit $1.2 or even lower |
Re: The future of exchange rate from pounds sterling to US $...any opinions?
Doesn't get much riskier than FOREX
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Re: The future of exchange rate from pounds sterling to US $...any opinions?
Originally Posted by lansbury
(Post 12571222)
It will go up
It will go down It will stay the same. It could possible do this on any given day, will likely do so in any given week, and definitely do so in any given month.
Originally Posted by Lord PercyPercy
(Post 12571230)
Markets hate uncertainty and I think uncertainty is what we're in for.
Originally Posted by tom169
(Post 12571565)
Doesn't get much riskier than FOREX
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Re: The future of exchange rate from pounds sterling to US $...any opinions?
when I was a lad, we called sixpence a tanner, a shilling a bob etc. Five shillings was referred to a a dollar.
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Re: The future of exchange rate from pounds sterling to US $...any opinions?
Anyone with a crystal ball on the exchange for the Canadian vs US dollar? It has been in a nose dive for several years now (well under 1:1).
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Re: The future of exchange rate from pounds sterling to US $...any opinions?
For past 2 years it has been a fairly steady $1.3 to £1 +/- 10c
https://www.xe.com/currencycharts/?f...o=USD&view=10Y |
Re: The future of exchange rate from pounds sterling to US $...any opinions?
Thank you for the replies. And the general consensus. I was able to have a chat with a school friend who still lives in England , but owns a home in Florida so has been up on exchange rates for many years. So it seems the best thing to do is just hold tight for a least the next year.
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Re: The future of exchange rate from pounds sterling to US $...any opinions?
Originally Posted by Seahorse1234
(Post 12572756)
Thank you for the replies. And the general consensus. I was able to have a chat with a school friend who still lives in England , but owns a home in Florida so has been up on exchange rates for many years. So it seems the best thing to do is just hold tight for a least the next year.
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Re: The future of exchange rate from pounds sterling to US $...any opinions?
I dabble with the stock market and the forex market is very similar, its all hype and manipulation.
my guess would be a consolidation period come march 2019 whilst brexit starts.. and i would predict a sharp rise the following year should the statistics come good, and there is no reason why they shouldnt ..the uk is a solid historical financial hub, and other countries will always do business here me personally if i get into the usa will not be selling up for at least 2 Years until the pound is back to around 1.5 to 1... |
Re: The future of exchange rate from pounds sterling to US $...any opinions?
Originally Posted by CoolHandFluke
(Post 12598611)
I dabble with the stock market and the forex market is very similar,
my guess |
Re: The future of exchange rate from pounds sterling to US $...any opinions?
If anyone did know they wouldn't bother to post here, they'd get busy making their billions!
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Re: The future of exchange rate from pounds sterling to US $...any opinions?
Tough crowd in here today. Poster acknowledged they were guessing. |
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