The future of exchange rate from pounds sterling to US $...any opinions?
Sep 30th 2018, 11:52 am
#1
Just Joined
Thread Starter
Joined: Sep 2018
Posts: 29
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.
Oct 1st 2018, 3:22 pm
#2
BE Enthusiast
Joined: Oct 2004
Location: The People's Republic of Evanstion, IL
Posts: 326
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
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
Oct 1st 2018, 4:55 pm
#3
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,298
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.
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.
Oct 1st 2018, 5:21 pm
#4
BE Enthusiast
Joined: Feb 2013
Location: Tampa Bay, Florida
Posts: 550
Re: The future of exchange rate from pounds sterling to US $...any opinions?
Originally Posted by dave2702
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
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
Oct 2nd 2018, 6:26 pm
#6
Joined: Feb 2012
Location: Not in Paris
Posts: 15,368
Re: The future of exchange rate from pounds sterling to US $...any opinions?
Originally Posted by lansbury
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.
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
Markets hate uncertainty and I think uncertainty is what we're in for.
Originally Posted by tom169
Doesn't get much riskier than FOREX
Oct 3rd 2018, 12:35 pm
#7
Heading for Poppyland
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 9,856
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.
Oct 3rd 2018, 8:37 pm
#9
Lost in BE Cyberspace
Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,144
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
https://www.xe.com/currencycharts/?f...o=USD&view=10Y
Oct 4th 2018, 12:29 pm
#10
Just Joined
Thread Starter
Joined: Sep 2018
Posts: 29
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.
Oct 26th 2018, 9:47 pm
#11
Forum Regular
Joined: Jun 2012
Location: Seattle
Posts: 87
Re: The future of exchange rate from pounds sterling to US $...any opinions?
Originally Posted by Seahorse1234
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.
Nov 24th 2018, 1:25 pm
#12
Forum Regular
Joined: Nov 2018
Posts: 220
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...
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...
Nov 24th 2018, 10:07 pm
#13
Joined: Apr 2005
Location: Milwaukie, Oregon
Posts: 9,298
Re: The future of exchange rate from pounds sterling to US $...any opinions?
Originally Posted by CoolHandFluke
I dabble with the stock market and the forex market is very similar,
my guess
my guess
