The future of exchange rate from pounds sterling to US $...any opinions?
#1

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.

#2
BE Enthusiast




Joined: Oct 2004
Location: The People's Republic of Evanstion, IL
Posts: 330












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

#3

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.

#4

Markets hate uncertainty and I think uncertainty is what we're in for.

#5

Doesn't get much riskier than FOREX

#7
Heading for Poppyland










Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 13,214












when I was a lad, we called sixpence a tanner, a shilling a bob etc. Five shillings was referred to a a dollar.

#8

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).

#9

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

#10

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.

#11
Forum Regular


Joined: Jun 2012
Location: Seattle
Posts: 90


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.

#12
Forum Regular




Joined: Nov 2018
Posts: 255









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...

#14
Forum Regular



Joined: Jul 2018
Location: California
Posts: 231












If anyone did know they wouldn't bother to post here, they'd get busy making their billions!

#15
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Joined: Jun 2012
Location: Seattle
Posts: 90


Tough crowd in here today. Poster acknowledged they were guessing.
