Pulaski

I agree that the USD may weaken against some hypothetical "average" currency, but the British economic outlook is at least as bleak as for the US - and my guess is that the average mid-rang for the past ten years is probably good for at least another ten years into the future i.e. around $1.55/£1 +/- 10¢

Lesley1020

Yep, thank God for ExPats and XE!! I would never have known about them if I hadn't seen posts on here. Their rates are so much better and the future contract thing is pretty good too if you want to lock it in... I certainly can't commit to that right now, but once the missives are completed and I know for sure that their mortgage is in place etc then I may do it a little closer to the time.. if I had the 10% deposit I would do it now!!

Dan725

Did you speak to the proper foreign exchange folks at the bank though and not the local branch? If you are moving a lot of money, you can often get a better rate with the bank - but DO NOT under any circumstances take the advice of your local branch, they often have no clue about big transfers a lot of the time and quote you the tourist rate.

As others have said, I'm inclined to think the rate will eventually go to around 1.55 again, but how long that will take depends on a lot of factors in an increasingly uncertain world, I think a conclusion/exit stratgey to Dubbyas Iraq crusade would be a step in the right direction (or wrong direction, for exchange rate purposes!)

MiniBrit

erm...... no

very good point! I will speak to them, thank you!!!

MB