Dougster75

What do people reckon? Will the pound recover in the near future or set for a gentle slide towards the dollar?

penguinsix

$1.50-$1.60

If you look at the exchange rates over the past ten years, you'll see a pretty consistent happy medium right around this level. Yes, it shot up to 2:1 for a brief shining moment, but it also went down to $1.35 for a bit.

I think many folks would say $1.50-$1.60 is really what you should consider a good base point for future planning. As it is what, $1.48 or something today it's a bit under that baseline, so adjust accordingly.

FWIW, I try to keep a set amount in both currencies to handle my annual needs, and rarely trade $ when > $1.65 or £ when < $1.50.

lapin_windstar

Magic 8 Ball says..."ask again later".
http://web.ics.purdue.edu/~ssanty/cgi-bin/eightball.cgi

Manc

I think it will go up a bit. then down a bit, then up some more. might slide a little.

repeat...........

Michael

My crystal ball indicates that the pound will be at $1.35 by the end of the year and the Euro will be at $1.10. The Euro zone has gone to only a 0.2% gdp annual growth during the first quarter of the year and with the belt tightening in the southern countries, it will likely have problems creating any real growth.

http://www.tradingeconomics.com/Econ...spx?Symbol=EUR

The UK isn't fairing much better in gdp growth and will likely be held back by its trading partners on the continent.

http://www.tradingeconomics.com/Econ...spx?Symbol=GBP

The US is fairing better with 3.2% annual gdp growth in the first quarter.

http://www.tradingeconomics.com/Econ...spx?Symbol=USD

Although the recession has hit the US harder than Europe with greater gdp losses, the US has recovered much of the gdp losses over the past 3 quarters which should turn into job creation in the next several quarters.

Patrick Hasler

I heard that Fatbrit has two that they replaced his real ones with.


He started with the insults a week or so back so he's fair game

meauxna

I have this one...
I think it needs oil though, or new batteries.

20masonroad

if only you had asked a few months back, I had a real good one..........

Ash UK/US

Don't know about the pound but if you ever find crystal ball can I borrow it?

Thanks in advance!