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The future of exchange rate from pounds sterling to US $...any opinions?

The future of exchange rate from pounds sterling to US $...any opinions?

Old Sep 30th 2018, 11:52 am
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Default 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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Old Oct 1st 2018, 3:22 pm
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Default 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
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Old Oct 1st 2018, 4:55 pm
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Default 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.
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Old Oct 1st 2018, 5:21 pm
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Default Re: The future of exchange rate from pounds sterling to US $...any opinions?

Originally Posted by dave2702 View Post
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
Markets hate uncertainty and I think uncertainty is what we're in for.
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Old Oct 2nd 2018, 11:53 am
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Default Re: The future of exchange rate from pounds sterling to US $...any opinions?

Doesn't get much riskier than FOREX
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Old Oct 2nd 2018, 6:26 pm
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Default Re: The future of exchange rate from pounds sterling to US $...any opinions?

Originally Posted by lansbury View Post
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 View Post
Markets hate uncertainty and I think uncertainty is what we're in for.
Originally Posted by tom169 View Post
Doesn't get much riskier than FOREX
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Old Oct 3rd 2018, 12:35 pm
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Default 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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Old Oct 3rd 2018, 5:43 pm
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Default 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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Old Oct 3rd 2018, 8:37 pm
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Default 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
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Old Oct 4th 2018, 12:29 pm
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Default 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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Old Oct 26th 2018, 9:47 pm
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Default Re: The future of exchange rate from pounds sterling to US $...any opinions?

Originally Posted by Seahorse1234 View Post
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.
I’m waiting till we get through next March will then reevaluate. Hoping for a second referendum, but instead we’ll likely wind up with kicking the can down the road for a decade. As I understand it if we do opt for a prolonged extension or an acceptance of the backstop (same thing), we’ll be as we were before 2016 minus a voice in eu policy.

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Old Nov 24th 2018, 1:25 pm
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Default 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...
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Old Nov 24th 2018, 10:07 pm
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Default Re: The future of exchange rate from pounds sterling to US $...any opinions?

Originally Posted by CoolHandFluke View Post
I dabble with the stock market and the forex market is very similar,

my guess
Like the rest of us you know f/all then.
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Old Nov 25th 2018, 1:03 am
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Default 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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Old Nov 25th 2018, 1:19 am
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Default 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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